Lift Trucks: Is New, Rental, or Used Best?

Whether you’ve used lift trucks for years or are looking into them for the very first time, it is important to do your research before committing to anything. Specifically, you need to decide which lift truck option is right for you: buying a new or used lift truck or simply renting one.

But how do you choose? Sure, a new lift truck might be more expensive up front, but is it worth the extra dough? And how do you know if you should just lease a truck rather than making a purchase?

It all depends on your company, your needs, and your future. Take a look at each option to determine which is right for you.

• New — You can’t go wrong with buying a brand new lift truck! For those who regularly employ one or multiple lift trucks throughout their business days, buying new is a worthwhile investment. You’ll be able to purchase the latest technology and choose lift trucks that will be great for your bottom line and for improving productivity.
   
  A new model also offers the opportunity to cut the costs of ownership. Choosing an electric model can save on gas and maintenance.

• Rental — If don’t plan on using your lift truck for the long term (two years or less), renting is a good solution. This is a good option for companies that use this equipment only during select times of the year, such as holidays or certain seasons when the warehouse needs to push more products.
   
  Although renting is more expensive than buying in the long term, it is a budget-friendly option for the short term.

• Used — If you’d like to pay less up front and don’t mind an older model, consider a used lift truck. Many times used lift trucks come from a fleet of rentals, but could also come from a former owner. Although you may not get a top-of-the-line model with this choice, it is a less expensive option for those who know they want to buy.
   
  Raymond’s ReNewed program can be a great resource for those looking to purchase a used lift truck.

So buy new, used, or go with a rental? It’s up to you! No matter what you choose, a lift truck can make your business processes easier and more efficient.

[cta]Shaw Material Handling Systems can help you determine your unique lift truck needs and find you a solution. Email us or call Shaw at (800) 444-7429.[/cta]