If you need a forklift, there are several options. Understanding each option is important if you want to find the right truck for your company. Here we are going to cover some of the things you need to consider when making this decision.
Cost of the truck
Naturally, a new truck will cost more than a used truck and that is the case whether you buy or lease your forklift. If you have a cash rich business buying your forklift truck may be the right answer. Provided you buy a good brand, your forklift could still be in use decades later. In addition, should you decide to sell it you will get some of your money back. Over the course of time, buying a new truck will often make economic sense.
However, for a firm that is not cash rich a used truck definitely makes more sense. They can be bought for just a few thousand pounds, and provided you maintain them properly are very economical to run. The used trucks that you can buy from Forklift Hire London come with a good warranty and all of their trucks are fully tested and refurbished before delivery.
Leasing a new truck is usually more expensive than leasing an older model. However, it is worth considering spending a little extra cash and leasing one of the newer models. Over the course of several years, a new forklift truck is likely to be more reliable than a used one. If you lease a used truck, pay particular attention to the maintenance aspect of your contract.
Once you have decided whether you need a used or new truck is your next is whether you hire or lease your forklift. A decision we will cover in our next article.