Hiring vs Purchasing a Forklift

The debate about the relative values of hiring or purchasing a forklift is inevitably cost-based. It’s also often a bit simplistic.

There are benefits for both options and we’re going to explain why you can do both and improve your bottom line.

hired forklift image

Why Buy?

When you purchase a forklift, new or pre-owned, you will get good value from your purchase:

  • Modern forklifts are true productivity assets: A good forklift, particularly the new workhorse Toyota, Nissan, Hyster or other top brands, will give you improved capacity and much better handling times.
  • Purchasing is a one-off outlay: It’s a good way of managing your costs. Whether you buy outright or use finance, your costs are well defined. This is a truly budget-friendly option for businesses that demand good operational cost controls.
  • Purchasing includes services, maintenance, etc: Best practice for purchasing is to lock in all the services you need. This saves time, money and makes operational management a lot simpler and more cost-efficient.

The Value of Hiring

Hiring offers a range of similar values but with a few interesting and valuable extras:

  • Hiring forklifts provides added capacity: An extra forklift or two can turn a tough job into a very smooth operation, reducing operating costs and managing time. This is particularly the case in freight and distribution, where ever-growing workloads often push your current forklifts to full capacity.
  • Hired forklifts have servicing built in: Your hired forklifts are covered for servicing, so there’s no problem if you need any work done and it’s done on a basic service warranty.
  • Costs are clear cut: The dollar value in hiring is also well under control. You can budget your hire to the last cent, with no guesswork involved. You can also get a good deal at a much lower cost than an extra purchase.

The Business Model for Hiring and Purchasing

The twin hire-and-purchase model delivers:

  • Purchasing: You can buy for your existing capacity needs and current workload.
  • Hiring: Hiring delivers instant extra capacity, often a good move for big freight and warehousing operations that receive huge loads on a regular basis.

Need Top Brand Forklifts for Sale and Hire in Sydney?

Aussie Forklifts offers a full spectrum of forklifts for sale and hire in Sydney. Just tell us what you need; we’ll also provide quick servicing and expert help when you need it. Call (02) 9679 7241 or fill in our online form and ask us for any guidance you need.