10 Factors to Consider When Choosing a Forklift Rental Company
The desire to own the biggest, baddest, shiniest forklift fresh off the assembly line is understandable. But taking a closer look at your specific needs may lead you to consider forklift rental as a way cut down on operational costs.
A rental forklift is often the best option when the need for the lift truck is mostly seasonal. A company may require a forklift only for certain jobs or at certain times of the year, or to supplement its fleet during a busy period. Renting your forklift can also mean significantly lower up-front costs and the ability to plan on consistent monthly expenditures.
Flexibility is perhaps the greatest benefit to renting a forklift versus buying. Businesses experiencing high growth, rapid change or other factors that might introduce an element of unpredictability may benefit from a flexible rental plan.
Of course, every lift truck will need maintenance and repairs, so renting under a full-service maintenance program can eliminate the risk of unexpected budget-busting repair bills. Rentals often have service and repair costs built into that monthly payment.
Here is a rundown of 10 key factors when considering a possible forklift rental:
- Weight capacity. How much weight is the forklift required to lift and carry?
- Lift height. You need lift equipment that is capable of reaching a certain height (based on your warehouse conditions). It must also be capable of moving your pre-determined weight loads to that height.
- Work conditions. Warehouse or lumberyard? Indoors or outdoors? The work environment will help you make choices about tires and about the lift itself. You’ll also want to factor in turning radius and aisle width.
- Forklift rentals are not inexpensive. Many providers suggest being prepared to spend at least $100 per day for a standard 5,000-pound forklift, more for heavier equipment.
- Length of job. Do you need the forklift rental for a day, a week, a month, longer? Per-day cost is reduced when you rent for a longer period. Also, ask about overtime charges if you plan to work the equipment for more than 40 hours per week.
- Inspect the forklift. Be sure to examine the equipment before you rent and make a note of any signs of damage. Dealerships generally charge extra for forklifts that are returned with damage.
- Actually read the rental contract. Make sure you are aware of and agree with all the terms and conditions in your rental agreement.
- Insurance. The dealer typically insures the equipment, but you or your company are responsible for covering the operator(s) and the facility in case of an injury or property damage when using the rented forklift.
- It is best to have the forklift dealer move the equipment to the site and get it unloaded if they offer that service. Be sure this is spelled out in your agreement.
- Look for a forklift provider whose rental fleet is new, clean and well-maintained; one who assures you that, if there should ever be a problem, they are staffed with certified field technicians to conduct emergency on-site repairs.
For a company that needs quality material handing equipment on a short-term basis and wants to evaluate the machinery for a possible outright purchase or lease, some dealers offer plans that apply a portion of the rental payment toward an eventual purchase price.
The forklift experts at Louisiana Lift and Equipment and Allift Equipment have hundreds of rental units on hand and are skilled at helping you figure out what options are right for your business. Contact us today for friendly, straightforward advice that is customized to your specific needs.