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.

Posted in: Lift Trucks

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