Leasing Forklifts vs Purchasing

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:

No cash outlay up front - Leasing usually requires no deposits or down payment, preserving capital for other projects. This is magnified with paying cash for equipment in entirety at purchase time.
Improved cash flow - Monthly payments for leasing are usually lower than purchase payments.
Leasing is an expense - In a fair market lease, the entire payment is tax deductible as a business expense. No depreciation and amortization to deal with.

Some of the other benefits can include:

Improved budgeting - With leasing you can include maintenance as part of the monthly payment. This all but eliminates surprise expenses for breakdowns.
Benefits from the dealer - Often times leasing from a dealership includes benefits like reductions for rentals when needed, preferred status for repairs and service and even substitute equipment when being serviced or repaired.
Equipment Absolensence - If you use specialized equipment, getting rid of it at the end of the useful life can be very difficult. With leasing you simple turn it back in to the dealer.

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!

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Testimonials

I have been dealing with PMT for over a decade. This is a family run business and each family member is talented in each division of business and a pleasure to deal with. I have peace of mind knowing PMT will perform with dependability and be there when we need them. From forklifts to pallet jacks I highly recommend them.

John S

Mark was very informative and easy to work with as well as Kathy. We had a big meeting at our office and they accommodated us for two separate certification classes on the same day. Paul was also fantastic, our guys truly appreciated coming out to the office.

Residential Fences

PMT Forklifts is the best!!! Year after year they always pull through on our super complex project in Rockefeller Center. The staff is super helpful and very attentive to our needs. Thank you PMT!!!

Sarah Reilley

Fantastic! Incredible service. Reached out to so many companies for quotes and PMT was the most attentive and provided a great product. Highly highly recommend!!

Charlie Utz

Found PMT Forklift to be very professional, courteous and knowledgeable. Russ was always available when needed. Five stars.
Dan Gettinger- M. Schwartz & Gettinger Feather, Inc. (Hauppauge, NY)

Dan G.

We purchaser a used unit that looks like new. Gabriel was a pleasure to work with and I would recommend calling him if your are in the market