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  • Writer's pictureRED FORKLIFTS PTE LTD

Forklift : Leasing vs. Buying

Updated: Dec 8, 2020

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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