Forklift Renting Can Be Smart Budgeting—March 2011

March 11, 2011 at 4:18 PMRing Power
material handling equipment rental can be smart budgeting

No matter what size company, you’re bound to encounter items in your warehouse or jobsite that won’t be used on a regular basis. And these items could represent a sizable financial investment. One example is your forklift. Renting a forklift, either short or forklift rentallong-term, may make better economic sense, offer more financial flexibility, and protect your credit in these uncertain times.

Economic Savings
The cost for renting a forklift is typically far less than the cost of buying a forklift outright, particularly when you will just use it for a job here and there. Even if the forklift is for long-term usage, the benefits of a long-term rental may outweigh the costs of a forklift, maintenance and parts. A forklift rental is a fixed cost and is an easily budgetary item.

In addition, even if the actual cost ends up being about the same as buying the item, you will be able to preserve your cash flow. You won’t need to come up with thousands of dollars to purchase the item, but rather just a few hundred for the first day, month, or week of renting it. You can then put your working capital to work for your business, market your product, and grow your income.

In addition, you may be able to deduct the cost of renting items from your business's tax return. This adds even more savings into the equation, as you will lower your tax liability when April 15th comes around. See your tax advisor for details.

Flexibility
Forklift rental provides flexibility for your business as well. As your business grows and changes, its needs will change as well. By leasing these large-ticket items, you can upgrade or downgrade as your business needs change without a huge financial loss.

Whether you need an extra forklift to do inventory, perform a special project or many forklifts to handle extra shipments during a busy season, we offer a comprehensive selection of rental forklifts in a variety of power, capacity and tire arrangements.

Protecting Credit
If you choose to purchase large items for your business, due to your cash flow limits you will likely turn to credit. By renting items instead of buying them, you leave your available credit lines open for other needs. This gives you more confidence that you can get through a slow spell or make smaller purchases when facing a cash flow shortage.

Because of all of these benefits, equipment rental simply makes sense for many businesses. The next time you find your business to be in need of a forklift, consider renting or long-term lease instead of purchasing one. It just might save you some money and increasing your company’s bottom-line.

Ring Power Lift Trucks has over 350 forklifts in its short-term rental fleet to choose from with capacities ranging from 3,000 to 52,000 lbs. Rent a forklift with a configuration that makes you most productive. Rent electric, gasoline, LP-gas or diesel forklifts or rent a specialized material handling forklift, such as quad-mast, truck mounted forklifts, piggyback trucks, flatbed trailers, narrow aisle trucks or order-pickers.

We supply a variety of productive attachments including carpet poles, box clamps, bail clamps, push pulls, single doubles, rotators, fork positioners, and paper roll clamps. We also rent sit-down, stand-on and walk-behind forklifts. Rental forklift rates includes maintenance and transportation of lift trucks to and from your premises.

Ring Power Lift Trucks is the forklift division of Ring Power Corporation, headquartered in Jacksonville, Florida. Additional offices service Pompano Beach, Miami, Daytona Beach, Orlando, Tampa, Ocala, Sarasota and Tallahassee. 

   

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