There are several options for fleet augmentation, and the decision you make today could dramatically impact your cash flow and bottom line. Long-term renting has been the choice for many companies, both large and small, for some time. This option is becoming even more popular for many reasons, particularly given the marketplace’s current economic uncertainty. We want to take a moment to point out your company’s benefits of increasing your forklift fleet by choosing Long-Term Renting.
- Cash conservation – There is no cash outlay to obtain equipment under a Long-Term Rental agreement. Save your cash for alternatives that raise your bottom line.
- Pay for what you use – Long-Term Rental agreements are based upon the hours and operating conditions under which you expect to use the equipment. Unlike purchasing equipment, where you are paying for 100% of an asset (which depreciates), you pay based upon the equipment’s expected usage rate.
- Rental payments are 100% tax-deductible – Rental payments are an operating expense and are therefore 100% deductible as a business expense. There are no confusing depreciation schedules or damaging tax ramifications at year-end.
- Fixed payments, no maintenance surprises – Long-Term Rental agreements typically include normal maintenance. We own the equipment, so we are responsible for maintaining it. Leave the unpleasant surprises to us and keep your material handling costs consistent and predictable.
- Eliminate your parts and service departments – If you own and maintain your own fleet, you also need mechanics, tools, and parts. Conserve your limited warehouse and plant space by eliminating the need for stocking parts and service equipment.
- Eliminate obsolescence – Long-Term Rental agreements can provide for upgrades as your business changes. Don’t get stuck with equipment you no longer need or use. We will find a home for that equipment and replace it with the equipment that you do need.
- Keep your credit line clear – Unlike financing equipment, Long-Term Rentals have little impact on your ability to borrow money to grow your business. In today’s business climate, this is essential!
- Flexible terms and equipment – Whether you need new or used equipment, we can provide you with what you need on the terms that you want. We can design a Long-Term rental agreement (from one to eight years) that meets your business needs.
- Preferred rates on supplemental equipment – Long-Term customers receive preferred rates to fill their seasonal demands.
- Eliminate standby equipment – Do you purchase more than you need to allow for breakdowns and cyclical needs? Our rental fleet stands ready to supply you with immediate equipment as soon as a need arises.
- Renting hedges against inflation – Reduce the risk of rising labor and parts prices by fixing your monthly payment now for the term of your agreement.
- Generate cash now – Trading in your current fleet can generate immediate cash for operations.
Flexibility, reliability, and consistency are what you get when you rent Long-Term with Tri-Lift Industries besides; you will have the comfort of knowing that you have a team of professionals with a proven track record true partner in your material handling operations. We take all the hassle out of acquiring and maintaining a fleet of forklifts, leaving you with more time to manage your business.
We would appreciate the opportunity to discuss Long-Term rentals options for your company. Schedule an appointment down below