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Owning Versus Renting Forklifts

Forklift Rentals: How Short‑Term and Long‑Term Rentals Can Save You Money

Short‑term forklift rentals and long‑term rental agreements offer businesses an affordable alternative to purchasing material handling equipment outright. Whether you need additional lift trucks for seasonal peaks, inventory counts, or unexpected demand, forklift rentals allow you to meet operational needs without tying up capital.

Below, we explore the advantages of short‑term rentals, long‑term rental programs, and how renting compares to buying a used forklift.


Short‑Term Forklift Rentals: A Flexible, Cost‑Effective Solution

A short‑term forklift rental helps companies cover temporary spikes in demand without making a long‑term financial commitment. Rentals are ideal during:

  • Inventory periods
  • Seasonal surges
  • Production increases
  • Emergency customer requests
  • Unexpected equipment downtime

Instead of adding a permanent truck to your fleet, you can rent a forklift for a low weekly or monthly rate, choosing the lift capacity and attachments you need to maintain productivity.


How Much Does a Used Forklift Cost?

Many businesses consider purchasing a used forklift to expand their fleet. However, even used lift trucks require a significant upfront investment.

The cost of a used forklift varies based on its model, capacity, age, and condition, but generally includes:

  • An initial purchase cost of several thousand dollars or more
  • Ongoing maintenance and repair expenses
  • Potential downtime from aging components

Because of these variables, short‑term rentals are often a more practical and predictable alternative.


Long‑Term Forklift Rentals: Save Money Over the Life of Your Fleet

If you’re tired of managing the details of equipment ownership, a long‑term forklift rental can be an efficient and budget‑friendly way to maintain your fleet. Renting eliminates the need for capital investment and reduces the financial risks associated with owning aging equipment.

Benefits of Long‑Term Forklift Rentals

  • No large upfront expense, preserving capital for growth
  • Predictable budgeting with a single monthly payment
  • No maintenance scheduling or repair responsibilities
  • Optional Total Maintenance & Repair plans that guarantee uptime
  • Flexible fleet adjustments — scale up or down as your needs change

Unlike leases, long‑term rental plans often provide greater flexibility, allowing you to adapt quickly to operational changes.


Take Advantage of the Latest Forklift Technology

Companies that own their forklifts often keep them past their economic break-even point — when maintenance costs outweigh the value of the equipment. Renting allows you to upgrade to newer, more efficient lift trucks without a major investment.

Modern material handling equipment offers significant advantages, including:

  • Improved fuel efficiency
  • Longer maintenance intervals
  • Advanced ergonomic features
  • Reduced vibration and noise levels
  • Better visibility and operator comfort

These innovations help increase productivity, reduce operator fatigue, and lower long‑term operating costs.


Choosing the Best Forklift Rental Option

Whether you need a short‑term forklift rental to handle a temporary workload or a long‑term solution to simplify fleet management, renting can provide:

  • Lower overall costs
  • Increased flexibility
  • Access to modern lift truck technology
  • Reduced maintenance burdens

For help determining the right rental option for your facility, contact your Mitsubishi Forklift Truck dealer to explore available programs.