Forklift Rental Singapore
Updated: Dec 8, 2020
Should We Rent or Buy our Forklifts 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?
Visit our website at www.redforklifts.com.sg