Forklifts have been designed to lift and transport heavy objects in warehouses and factories since the early 1900s, but their usefulness is not limited to these industries alone. Today, forklifts are being used as part of multi-faceted businesses and small-scale operations as well. If you are running a business with limited storage space, hiring a forklift may be an efficient solution for your company’s storage needs. To learn more about why this option could work for your business, keep reading below! 

Low Cash Investment

In today’s business climate, it makes sense to concentrate on cash conservation rather than expansion. If you can hire a forklift for less per month than a new one would cost you upfront, then you’ll have that much more money to invest in expanding your company and bringing in bigger contracts. And once you hit those, hiring your forklift again might make sense; hiring an expensive new machine doesn’t.  

Ability to Keep Up With Demand 

Long-term forklift hire allows you to keep up with demand. A lot of companies find themselves struggling with demand, especially during peak periods such as Christmas or the back-to-school season. With a long term forklift hire contract in place, however, you won’t need to worry about buying another machine – instead just getting on with delivering your service without interruption. This will help ensure your business keeps growing even when things get busy!

It Lets You Keep Your Stock Levels Steady

One of the biggest challenges that companies face when it comes to buying new equipment is that they’re often hit with massive bills after a short period. By leasing your equipment, on a long term or short term basis, however, you can even out your cash flow and make ordering equipment less worrying. This can save a great deal of time in paperwork too – as you don’t need to add more than one asset to your account books and get another invoice every few months!

Save Money on Insurance

If you’re working with a reliable forklift leasing company, they may also be able to provide you with an insurance policy on your equipment. This will keep your liability levels down as well as give you great protection against any accidents that do happen. 

Flexible Equipment Upgrades

Save money with a long-term hire. Rather than buying and selling expensive forklifts, you could enjoy a more economical option. Many hire companies will allow you to upgrade your fleet every three to five years, meaning you always have updated equipment at a fraction of its cost. This is a great option if you require frequent equipment upgrades; once you’ve hired your initial set of forklifts, take advantage of their service! If you have a warehouse or factory, long-term hire is a valuable option. 

Try before you buy 

Many businesses want to get started with forklifts, but they don’t know how or where to start. This is because forklifts can be expensive pieces of equipment and so it can be difficult to find a supplier willing to rent them, much less buy one from you without doing a thorough evaluation first. To address these needs, companies have begun renting forklifts on a long-term basis—which means that businesses can quickly evaluate whether it makes sense for them and try out any new machines before purchasing. If you require lifting equipment but don’t know where to start, consider long-term rental or lease from Value Forklifts as an option.

Personalised Hire contracts 

A tailored hire contract is a service which offers flexible forklift rental options, with pay monthly rates and no need to buy or sell. The benefit of opting for tailored hire service is that you can control your expenditure and avoid paying too much on expensive forklifts that may only be used temporarily. You’ll know exactly how much each piece of equipment will cost, avoiding surprises down the line when it comes to budgeting. 

Worry Less about Maintenance 

Don’t have time to regularly maintain and service your forklifts? Consider hiring a lift truck operator instead. Escape repair costs in an asset’s early years. Forklift repair and maintenance costs may be astronomical and eat at your bottom line. But if you hire a forklift, your vendor will be responsible for all repairs and maintenance costs. 

Added Levels of Safety 

With a forklift, you’re working close to machinery and loads of heavy products. Injuries from mishandling can be serious – or even fatal. With a hired forklift, however, you don’t have to worry about being trained in how to use it. And hiring means that safety features like mirrors and automatic brakes are already in place, too. This makes it safer than ever to use a forklift on your premises, no matter how short or long term it is!

Serviced Equipment at All Times

Many forklifts on hire are also well maintained, giving you peace of mind that they won’t break down in front of a live audience. That’s something that might happen if you were to buy your own forklift! A hiring company like Value Forklifts keeps their fleet up to date and well serviced, as it is its responsibility to ensure every forklift keeps its safe status. This means you don’t have to worry about taking time off work to fix any problems with your forklift – so it could even save you money in the long run!

Get Peace of Mind with Value Forklifts 

At Value Forklifts, they understand how important it is for businesses to always remain productive and efficient. That’s why they offer peace of mind with our quality forklifts for short or long term hire – coupled with top quality service from our professional team. 

This article was first published at https://topclickblogs.co.za/long-term-forklift-hire-the-benefits-for-your-business/