As a business owner or manager, you may find yourself in need of access equipment, such as a telehandler or forklift, to carry out essential tasks within your operations. You have two options: buying or renting. Both options have their advantages and disadvantages, and the decision ultimately depends on a company’s specific needs and circumstances. In this blog, we’ll explore the benefits of renting versus buying access equipment in Toowoomba.
The advantages of renting forklift, telehandlers and other access equipment
Buying a forklift or telehandler can be a significant investment, particularly for smaller businesses or those with limited budgets. Here’s why renting is sometimes the best option.
Cost-effective
Renting access equipment means that businesses can avoid the upfront costs of purchasing equipment, and instead pay a more manageable rental fee that fits within their budget. Renting also means that businesses can avoid the costs of maintenance, repairs and replacements, which are typically included in the rental fee.
Flexibility
Another advantage of renting access equipment is that businesses can be flexible with their needs. Renting allows companies to adjust the type and quantity of equipment they need based on their changing business requirements. For example, a company may need a telehandler for a specific project, but not for ongoing operations. Renting a telehandler for the project duration can be a more cost-effective option than purchasing one outright. Similarly, businesses may need additional equipment to manage an increase in demand or changes in their operations, and renting can provide a quick solution without the need for a long-term investment.
Access to the latest technology
Renting allows businesses to access the latest technology and equipment without having to buy it outright. Material handling equipment is continually evolving and new models are released regularly. Renting allows businesses to stay up to date with the latest equipment without having to make a significant investment in purchasing it. SQMH offers a range of equipment options from reputable brands, meaning that businesses can choose the equipment that best suits their needs and preferences.
The advantages of buying forklift, telehandlers and other access equipment
While renting may seem more affordable upfront, purchasing your access equipment can save you money in the long run. Here’s why buying is sometimes the best option.
Long-term cost savings
When you purchase access equipment, you own it outright and can use it for as long as it meets your needs. On the other hand, rental fees can quickly add up over time, especially if you need access equipment for an extended period.
Increased flexibility
When you own your access equipment, you have the freedom to use it whenever and wherever you need it. You can customise it to meet your specific requirements and make modifications as necessary. Additionally, if you purchase a versatile piece of equipment like a forklift or telehandler, you can use it for a variety of tasks and applications, making it a more versatile investment for your business.
Consistent quality
When you buy access equipment from a reputable provider like SQMH, you can rest assured that you are purchasing high-quality equipment that has been properly maintained and serviced. This can ensure that your equipment runs efficiently and effectively for longer, reducing the likelihood of breakdowns and expensive repairs.
Tax benefits
Buying access equipment can offer certain tax benefits for your business. For example, you may be able to deduct the full cost of your equipment purchase from your taxable income, reducing your tax liability.
Improved productivity
By owning your access equipment, you can schedule maintenance and servicing at a time that is most convenient for your business, reducing downtime and improving productivity. Additionally, you can train your employees to use the equipment safely and effectively, further enhancing productivity.
South Queensland Material Handling (SQMH) – a leader in access equipment in Toowoomba and Brisbane
SQMH is a trusted name in the material handling industry and is proud to be one of Queensland’s biggest telehandler and forklift dealers and repairers. Trading since 2008, SQMH offers top quality material handling equipment from Sinoboom, Yale Forklifts and Merlo Telehandlers, as well as a wide range of rough terrain forklifts. We also offer forklift finance, servicing, parts, rentals and excellent after-sales service and maintenance packages that ensure customers receive long-term support for their equipment purchases. Looking for the best access equipment in Queensland? SQMH will always find a material handling solution for you. Download our brochures online or chat to our friendly team in Torrington today on 07 4634 2744. Follow us on Facebook to stay up to date with our latest news.
