Early in the planning process, as a warehouse manager you will ask yourself if you should rent or purchase a forklift. Renting is a great option if you only need a forklift in your facility for a defined period of time and it is a great way to preserve capital.
Advantage of renting:
-Use the most updated equipment at a affordable cost
-Fixed replacement cycle
-No responsibility of ownership
-Only pay for what you use
Disadvantages of buying:
-Take on all the responsibility of owning
-May have to purchase old equipment
-High maintenance and repairs
-Large initial investment
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