Deciding Whether to Buy, Lease or Rent a Forklift

There's no getting around the fact that material handling and distribution center warehouse equipment is expensive. When an owner invests money into material handling equipment, they expect to see a good return on investment (ROI) in the form of increased productivity and efficiency that boosts the bottom line and helps pay for that equipment. With a wide variety of material handling and DC warehouse equipment available, there seems to be something for every application. Of course, the more bells and whistles, the more money! So, how do you decide if buying, renting or leasing material handling equipment - such as a forklift - is right for you? Let's break down some of the important factors to take into consideration beforehand.  

Whether you believe there is a climate change crisis or not, material handling and distribution center warehouse managers and decision makers are moving toward electrically-powered equipment for some very good reasons that include environmental concerns, but also consist of maintenance costs and fossil fuel price fluctuations, as well as fuel stability. With a tremendous rise in e-commerce as the world adjusts to new normals, moving toward electric just makes sense.