The decision to lease or purchase forklifts is not as cut and dry as many think. Getting over the "ownership hurdle" is difficult for some, but the bottom line is you pay for the equipment, the wear and tear and the abuse either way you go. The decision to lease vs buy is not really one of what it will cost in outlay of cash, but rather the impact of the company from a complete financial perspective.
There are companies that are better off purchasing equipment. These are usually light-duty operations where a forklift's useful life can double the average, maybe even triple. But for most customers the decision boils down to financial structure of the company, cash flow and capital availability. Some of the financial advantages include:
Some of the other benefits can include:
The decision to lease or purchase should be made with the assistance of someone with experience not only with equipment but also from financial perspectives. PMT Forklift has professionals that have helped hundreds of companies make the choice.
Contact Us to speak with someone about leasing or purchasing a new or used forklift the next time you acquire equipment. We would appreciate the opportunity to earn your trust, and your business!