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Benefits of Long-Term Forklift Hire

Lucy Mwangi • December 28, 2022

Many business owners are unaware of the benefits of long-term forklift hire. While purchasing forklifts is an investment, there are additional costs associated with ownership.


Long-term hire can also give you access to expensive equipment that may otherwise be beyond your budget. Long-term hire may be an excellent way to meet equipment demands in businesses with limited capital. In this blog, we’ll explore some of the advantages of long-term hire for forklifts.

Cover Repairs and Maintenance

In the event your forklift breaks down, long-term hire contracts typically cover repairs and maintenance, to help save the burden of future expenses and your valuable time too.


Many forklift companies will provide comprehensive packages that include full breakdown cover, the costs of labour and parts. Most offer mobile repair services that will conveniently visit your site to perform repairs. If a forklift requires extensive repair work, the hire firm will typically send out a replacement truck.


At
Welfaux we provide on-site and workshop based forklift truck service and maintenance. Correctly maintained, your equipment will operate more reliably and prevent unplanned downtime and unnecessary costly repairs.

Flexibility

Mitsubishi edia electric forklift truck

Long-term hiring will also give your business greater flexibility in terms of changing makes, models, and truck types. In the ever-changing materials handling industry, a company can't always predict the type of forklift they will need from one month or year to the next. For instance, there may be periods of the year when you need a heavy-duty solution but may get by with a smaller model at other times. Some businesses may not afford to buy new forklifts every time their operating needs change.


Additionally, you may not have enough room in your storage facility to accommodate forklifts that aren't in use. Long-term hiring will provide you a more flexible option that will enable companies to successfully react to shifting work patterns and loads with no extra cost.  By choosing the hire option, you can also be confident that when new, more modern models of forklifts become available, you can quickly update the ones you use on-site.

Cost Effective


Paying low monthly payments for a piece of expensive equipment that will help your business make money is a much safer option than buying it outright. Furthermore, hiring heavy equipment might save you money on taxes. Long-term rental may be a more tax-efficient alternative since hire equipment is not considered a fixed asset, and hire charges contribute to a company's total operating expenditures.


Legal


Companies that utilise forklifts are subject to a multitude of health and safety regulations that they must follow to be on the right side of the law, from the vehicle's upkeep and licensing to the danger involved in having them in your workplace. If you lack the resources to address these matters on your own, the hired company can assist with everything from compliance, risk management, and maintenance issues. By keeping your employees and equipment safe, this may help you save money over time.



As you can see overall, long-term forklift hire has multiple benefits for businesses that use these useful material handling solutions. For customers who require a piece of equipment long-term, but don’t want to purchase outright, here at Welfaux we also offer contract hire across our range. 


Welfax have almost 4 decades of experience in used forklift dealerships. To find the right used forklift truck for your warehouse, discover our stock now.


Browse our website, or get in touch today to find out more.

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