In a number of industries, forklifts are a must for temporary or may be short-term projects. Machinery Rental is often preferred over buying the equipment outright, or committing to a lease agreement.
These days, forklifts are used in multiple industries, including construction, agriculture, landscaping and mining. A business in any of these industries that requires a specific forklift unit for a short-term job or niche project should consider renting one, rather than investing in the costly machine.
Likewise, a business that dabbles in various industries, such as agriculture, construction, and landscaping, can profit from a timely, short term rental of a forklift. A rented unit can be handy when a specific project warrants a forklift. A business can easily rent a forklift tractor for an agricultural job, or a boom lift for a construction project.
What kinds of jobs are suitable for forklift rentals?
You may be wondering what kind of project would warrant a rental. Jobs that can prosper from a short-term rental will meet these criteria:
- Industry Specific
If a business requires the use of a specific forklift model for a single job, and has no intentions of using that forklift again, it makes economic sense to rent a forklift, rather than buying or leasing one.
Further, if a job warrants the use of a forklift for one business day or a set number of hours, it wouldn’t be a smart financial investment to buy a new piece of equipment, or sign a lease that can last as long as three years.
Ultimately, many companies in the construction, agricultural, mining and landscaping industries tend to rent forklifts if a project is specialized, short-term, or pertains to an industry’s individualized requirements (like excavating, digging, or hauling).
What is the process to rent forklift equipment?
Most vendors offer companies user-friendly forklift machinery rentals within a day’s notice for emergency or short-term jobs. Forklift rental costs can differ, beginning as low as $100 to $150 each day for a 3,000 to 5,000 pound piece of equipment, $150 to $300 per day for a 6,000 to 10,000 pound piece of equipment, or $200 to $700 per day for a 10,000 to 30,000 pound piece of equipment.
To determine the cost for a forklift rental, a vendor can provide an estimate for with your job scope in mind. A company must provide details about the project, specifically the type and expected duration of use, in addition to the preferred forklift models needed.
As with all rental transactions, it’s critical to verify ahead of time that rental machinery is operational, and that any equipment failure will be covered under the rental agreement. When acquiring a lift truck rental, it’s prudent to work with a vendor that can offer modern machinery to support the timely and safe completion of a job.