For some businesses, buying new equipment with cash or financing makes sense. They've analyzed their long-term equipment needs, worked out the numbers, and decided it's the best course of action. But for other businesses, renting that same equipment is far more advantageous.
If you are weighing the pros and cons of renting or buying equipment and machinery, here’s what our techs have to say with regard to the benefits of renting, based on their decades of experience with thousands of local warehousing customers throughout the Southeast:
#1 – Increase seasonal capacity
The most common reason to rent equipment is to increase your seasonal capacity. For many industries, sales are not evenly spread throughout the year. Fruit producers in Savannah, for example, only need the majority of their equipment a few months a year for the summer produce harvest. Retail sees a significant boost in product in advance of the holidays, meaning their equipment needs ebb and flow.
If demand doubles or triples for a few months each year, it may not make sense to own the necessary equipment to meet a seasonal demand. Instead you can easily rent the machinery you need to ensure you won’t miss out on that business. If you only need a piece of equipment six months a year or less, rentals provide ample flexibility and remove the burden of long-term storage and warehousing costs.
#2 – Solve one-off problems
Rental equipment is also a great solution to one-off problems. If you have an unusually heavy order that exceeds your current fleet’s capacity, or a unique problem that requires specialty equipment, rental equipment can be an essential resource.
#3 – Maintain uptime during emergencies
Maintaining uptime is of utmost importance for your business. When your equipment is down, you can’t meet your business goals. Rental equipment will keep your company running smoothly and at full efficiency, even when your forklifts are in need of routine maintenance or you’re waiting on a part.
#4 – Reduced maintenance requirements
From preventive maintenance to routine tests and inspections, equipment and machinery require support. But with used equipment for rent, LiftOne handles all maintenance and upkeep for you, leaving more time to focus on your core business while we ensure your operating procedures won’t be impacted by upkeep.
#5 – Simplified transportation for offsite needs
Depending on what type of equipment your business is working with, transporting it to the job site can be costly. LiftOne will deliver rental equipment directly to the jobsite for you, so you typically don't have to worry about expensive third-party transportation costs.
If you're looking for used warehouse equipment for rent, you can count on LiftOne to be your trusted partner and go-to resource. For more information on how we can help your business save time and money with your next equipment rental, or to answer a specific question, contact one of our specialists today.