Leasing a Forklift? Tips & Advice on Forklift Leasing & Financing—July 2011

July 8, 2011 at 1:03 PMRing Power
financing and leasing forklift tips

Is your company preparing to sign a lease for a forklift? Here's some tips from Ring Power Lift Trucks when leasing or financing a new or used forklift.forklift leasing and financing

Know your leasing company. Only deal with reputable finance companies that you are familiar with.  Many brokers call themselves ‘leasing companies’, when in fact they are not the funding source.  They act as ‘middle men’ and place the lease paper with various financial institutions. It is always better to deal directly with a leasing company that is a direct source of funds. Not only are you going to get a better lease payment, but it will be easier to determine if this is a finance company you are comfortable working with.

UCC ‘blanket’ liens. Some forklift finance companies will file a blanket lien covering all assets on a business. Lessees should review the documents to ensure that the UCC filing is only on the specific forklift and material handling equipment that they are leasing or financing.
 
Attention to Details. Make sure the ‘Return Provisions’ are in line with your application, your environment, and/or your usage. You may otherwise be charged for excessive hours or repairs given the actual run time and environment that the forklift was exposed.

Understanding Fees. Understand what fees may be charged by a leasing company. Some companies charge as much as $500 to write and book a forklift lease transaction.
 
Read Your Lease Contract. Know what the terms and conditions of the lease are.  Eliminate surprises at maturity of the forklift lease.

Follow this simple guidelines and you should find yourself much more confident when negotiating your next forklift leasing deal. Call or email any of Florida's Ring Power Lift Trucks locations for additional assistance or que
stions.

Ring Power Lift Trucks leases and finances a wide variety forklifts, from pneumatic tire IC forklifts to efficient electric cushion and pneumatic tire forklifts, from container hanlders by Kalmar and Linde to narrow aisle warehouse forklifts by Jungheinrich, Mitsubishi Forklifts and Cat Lift Trucks. Even very narrow aisle trucks by Bendi and Drexel.

Quality Forklifts. Even Better People.

 

 

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Ring Power Lift Trucks Appointed as Authorized Clark Forklift Dealer

February 10, 2010 at 8:31 AMRing Power
Ring Power Lift Trucks named new Clark dealer in Jacksonville, Orlando and Tampa, Florida

Lexington, KY-February 10, 2010- CLARK Material Handling Company today announced it has appointed Ring Power Lift Trucks as an authorized distributor of CLARK forklift products in the Jacksonville, Orlando and Tampa, Florida markets. Ring Power is a full Clark Forkliftservice CLARK Dealer, featuring full forklift sales and forklift service departments, a forklift rental fleet, an aftermarket forklift parts department as well as a full offering of allied products, such as piggybacks and specialty material handling equipment.

"The appointment of Ring Power as an authorized CLARK forklift dealer in these APRs is significant for CLARK Material Handling Company as well as our family of dealers nationwide" said Scott Johnson, Director of Dealer Services for CLARK. "As we have demonstrated in other areas of the country we were able to move swiftly and definitively in appointing Ring Power Lift Trucks as an authorized CLARK dealer. Ring Power Lift Trucks represents for CLARK, a major enhancement and improvement in our distribution capabilities in Tampa, Orlando and Jacksonville. Ring Power holds a leadership position in the material handling industry and their affiliation with CLARK forklifts will immediately assist with re-establishing our brand name in this important part of the North American market. Ring Power, along with W. E. Johnson in Miami gives the CLARK brand a very strong presence in Florida. We mutually believe our products and services will complement the Ring Power business model in such a manner that we both will enjoy incremental growth. We are honored and humbled that they have partnered with our family and look forward to many years of mutual success."

Ring Power Lift Trucks will support CLARK forklift sales and forklift service and repair activities out of three Florida facilities including:

ORLANDO
803 Taft-Vineland Rd
Orlando FL 32824
407-857-1973

TAMPA
1401 US Hwy. 301 N
Tampa FL 33619
813-620-1337

JACKSONVILLE
8040 Philips Hwy
Jacksonville, FL 32256
904-448-5438

The primary contacts at Ring Power Lift Trucks for CLARK material handling products are Jeff Dierickx, Vice President of Sales and Lewis Byers, Vice President of Product Support. They may be reached at 800-395-1337. Curtis McClellan is the Senior Vice President of Ring Power Lift Trucks and may also be reached at 800-395-1337. Or contact us using the branch links above.

An forklift industry leader since it invented the first material handling truck in 1917, CLARK has built more than one million forklifts during its more than 100 years of business. CLARK supplies a full line of electric forklifts and internal combustion forklifts, manual pallet jacks, powered pallet jacks and narrow aisle forklifts. CLARK products are distributed and supported through a network of over 550 dealer locations worldwide.

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 and Tallahassee. Ring Power Lift Truck represents: Caterpillar® Lift Trucks, Mitsubishi Forklifts, Linde forklifts, Kalmar Industrial Forklifts and Container Handlers, Princeton and Navigator piggybacks, rough terrain forklifts by Noble, specialized products by Bendi and productive Cascade Attachments.

 

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Benefits of Forklift Renting

January 14, 2009 at 3:29 PMRing Power

Learn the benefits of rentingforklift rental
In today's fast-paced business environment, renting forklifts on a short-term basis can provide much-needed flexibility and save costs at the same time. Let's go over the basics of renting and rental agreements to see how.

To meet temporary demands
As an alternative to owning a truck (through a purchase or lease), a short-term rental saves you money. You can reserve your capital and meet a temporary material handling need for a low weekly or monthly rate. Short-term rentals can be used to:

  • Fill in for an existing piece of equipment that is out of service
  • Meet a brief need for a truck with a higher capacity or reach
  • Provide additional equipment for a production increase or seasonal demand
  • Get the job done when a new forklift is not in the budget
  • Allow you to try out a new model to make sure it's right

To gain flexibility
The advantage of a short-term rental is that it's temporary. You have instant availability from Ring Power Lift Trucks without a purchase commitment. You get the flexibility to change equipment according to your needs. Renting is also a viable alternative to owning when:

  • You want capital to go where it can grow the business
  • You want easier budgeting
  • You don't want to worry about maintenance (we will do that for you)
  • You want guaranteed uptime (with a full maintenance option)

To save money
Statistics prove companies that own their own fleets tend to keep the forklifts beyond the point where they're spending more to keep the fleet running than it's worth. Today's fuel-efficient, low maintenance, high technology forklifts can save you cash, and the more ergonomic design and improved visibility can dramatically improve safety and efficiency.

Forklift rental agreement guide
If you want to rent forklifts for more than a week, it's a good idea to have a Ring Power Lift Trucks representative over for a visit. A pre-rental discussion should cover the weights and size of loads, lift heights, surface and operating condition, and any other special needs.

  • You should also discuss optional equipment such as extra lights or backup alarms - or any special attachments you'll need to use on your forklift.
  • For electric trucks, remember that you may need a battery charger and that many chargers must be hard-wired at your facility - which requires proper electrical service and an electrician to perform the hookup. A possible alternative is a plug-in charger, so be sure to ask about that.
  • Because rental rates are assessed on daily, weekly or monthly rates, you should have a clear idea of how long you want to rent the forklift. Sometimes you'll get a better rate by extending the time period.
  • Most forklift rentals are based on an eight-hour workday, a 40-hour week and 160-hour work month. Overtime charges will likely apply. 
  • Be aware that extra fees are usually charged for returning the unit in a damaged condition. 
  • Be sure to examine the forklift when you receive it, noting on the contract if any visible defects are present before you use the truck.
  • Be sure to check your company's insurance coverage. Of course, Ring Power Lift Trucks insures the equipment, but your company must cover the operator, other people at your facility and the facility in the event of an injury or property damage when the rented forklift is in use. 

You can find all the information on forklift rentals by clicking here.

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