We offer a wide range of new and used forklift for rental periods ranging from days to years.
Tired of forklifts that breaks down frequently ?
Looking for long term affordable rates ?
Call us now to find out more
Benefit of renting
Low upfront cost
We take care of maintenance so you free up valuable company resources.
We take care of the ownership so you focus on your core business.
Maximize your productivity by operating a young fleet of forklifts.
Have the flexibility to upsize or downsize your operation without worrying about redundant assets and its depreciation.
Products we offer
Electric Reach Truck
Material Handling equipment
Quality Service Since 1979
Forklift Rental For Your Operation In Singapore
We find that some of our customers have a difficult time deciding whether to rent or buy their forklift or lift truck. With all the different options out there, it isn’t always clear whether the right choice is to buy new, buy used, lease, or rent your material handling equipment. There are a number of different variables for your management team to consider and the aim of this blog is to help identify some of these questions you’ll need to ask yourself, as well as discussing some pros and cons of each option.
Like any other investment deciding whether to buy or rent a forklift comes down to a cost analysis. Cost issues you need to consider include how much you have available to spend up front and monthly, how long you can afford this cost, maintenance costs if a problem arises, and interest rates if you plan on financing the costs.
Going hand in hand with your cost considerations should be your usage considerations. Beyond determining whether you’ll need the forklift for a few days, months, or years, you’ll also need to consider how often you’ll be using it, what uses you need it for, and whether or not your business will function without one in case of a maintenance problem. Will the maintenance occur on location by an employee or will you need forklift service professionals like our team at RED FORKLIFTS PTE LTD
Purchasing or Renting
When you can answer the initial questions above, you can determine whether or not you’d be better suited for buying or renting your forklift.
Buying a new forklift is best suited to those who have heavy and frequent use. There is a relatively consistent cost you can plan for each month, and you won’t need to worry about service since the forklift is brand new. You’ll need a significant upfront investment or good credit though, and as the equipment ages it won’t be getting the newest and best tech.
Buying a used forklift may save you some money in the beginning, and as long as the forklift is in good working order the long-term ongoing costs could be less than leasing or renting. You will be missing some of the newest technology advancements once again, and will need to ensure that all current OSHA standards are met.
Renting a forklift or lift truck is a much lower cost up front, and you can plan on a consistent cost each month as long as maintenance is not required. This also allows you to have access to the most up-to-date equipment and technology. If the forklift starts to get dated, you can look into renting a newer model. You’ll continue to pay for the rental in perpetuity though, so if your job is long-term or the equipment is necessary for the day-to-day operations you may consider buying instead.
Call us today to discuss your requirement and get answers to all your questions. Just dial 6366-4173 or email to email@example.com