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  • Writer's pictureRED FORKLIFTS PTE LTD

Is Forklift Rental Right for Your Company in Singapore ?

Updated: Dec 8, 2020

The majority of forklifts are owned and operated by businesses in Singapore, and they are viewed as a work tool. SME will have a old forklift out in the shop that will help them lift things when needed though to multi-nationals company’s that will have fleets of 500 forklifts.

But it’s the use of equipment, not the ownership that provides profit and the best return on your overall investment. Sometimes rental programs will provide the benefit your business needs, but avoids the time consuming responsibilities of ownership and maintenance support. Most Forklift dealers in Singapore will talk to you about the many cost effective benefits that a fleet management program can provide.

We wanted to take a look some things to consider when you are looking at rental

Capital gains – Your forklift dealer can purchase your existing fleet of forklifts and provide replacement units where required and rent back the remainder, as well as progressively upgrading your forklift fleet in the future.

Frees Up capital – Capital investment can be directed into profitable “core” business activities, rather than having it tied up in capital intensive non-profit making support systems.

Single monthly charge – Its fully tax deductible, the rental charge will normally includes all regular service, breakdowns, traveling time, labour and parts provided by a team of experienced mechanics.

Improved reliability and efficiency – This is achieved with a new modern fleet eliminating operating and downtime costs associated with aged equipment.

No “hidden costs” associated with ownership – Elimination of administration and management times and costs involved in organizing service and repairs, sourcing and holding parts, processing paperwork, lengthy machine downtime, obsolescence and ultimate disposal of old or inefficient equipment.and future needs – Fully maintained rental forklifts assure the user will achieve peak efficiency of materials handling tasks at all times. Additional casual units can be provided to satisfy peak seasonal needs. Rental offers the user the “best years” of machine life. Owning equipment means capital is locked into forklift trucks which may become obsolete, inappropriate to changing needs and may require replacement before they can be fully depreciated.

Support from your Dealer – look to partner with a solid provider, don’t be afraid to ask them for references.

There is no doubt that renting a forklift or forklift fleet isn’t for everyone, so we wanted to give you some of the benefits to looking at renting your forklift fleet.

It helps expand you business and conserve your Cash Resources. It frees management to get on with the business that they know and manage best. Being an operating expense, RENTAL payments are fully tax deductible (check with you Accountant first). Provides off Balance sheet accounting. Save your capital for high return opportunities. It is the use of equipment not Ownership that produces the best return on investment. Forklift rental ensures you are not locked into obsolete purchased equipment. Forklift rental allows you to benefit from new technology. Forklift rental provides flexibility to cater for unforeseen future requirements. Forklift rental is inclusive of all equipment maintenance, rental plan management and administration. Your Payment is made as value and services are provided to you. Minimize RISK through Forklift RENTAL Consistent and reliable service support from your dealer. So there you are, maybe you should consider talking to your local dealer, about forklift rental.

Contact RED FORKLIFTS PTE LTD now regarding forklift rental in Singapore.

Since our humble beginning in 1979 as a small repair shop. We have been growing in leaps and bound to our current position as a One Stop Forklift Solution Provider. We offer a vast range of services and products at a competitive price. Being in the Forklift Truck business for more than over 35 years is a testimonial to our commitment to Quality and Customer satisfaction. we strive to built a long term relationship with our customers because we value the opportunity given to us.

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