Daewoo Forklift for Sale or to Rent – The Advantages and Disadvantages

On the market for a new Daewoo forklift, but wondering whether you should rent or buy? An essential piece of equipment that can do the job of many men, forklifts are an excellent investment for any business that loads, offloads, stacks, lifts, moves, carries and transports goods from one location to another.

If you’re a small retailer with a storage warehouse, a building contractor or a construction company with a short- or long-term project that requires a Daewoo forklift to load, unload, move, stack, lift or carry, then you’re probably on the fence about whether you should rent or buy? When it comes to the all-important decision of renting vs buying, at Retrolex Forklifts, we find that many of our customers have a difficult time making a decision, which is why we’re going to discuss some the advantages and disadvantages of each option.

The Advantages and Disadvantages of Purchasing Outright

It’s true that no two businesses are alike, even competitors have dissimilar needs. However, if your needs are long term, then choosing a new or second-hand Daewoo forklift for sale is going to be a much more advantageous fit for you. In many cases, renting can cost you a lot of more in the long run than buying outright, and you will always have your workhorse around when you need it. But, while there is nothing better than owning your own workhorse, there are a few disadvantages to buying a Daewoo forklift for sale as opposed to renting, and these range from capital outlay, technological changes, cost of repairs, and maintenance costs, to ensuring that your forklift meets all standards set by the Occupational Health & Safety Act. 

While forklift technology today is constantly evolving, when you buy a Daewoo forklift for sale, you’re stuck with the same model for at least a few years, but when you rent, you can upgrade to a newer model each time. Then there are repair and maintenance costs. Yes, machines break, and when they do, they cost big money to repair. Not only will this come out of your pocket, but you will also be forced to rent a machine in the interim. 

The Advantages and Disadvantages of a Rental

Whether your business is a new one or an old one, they say that if you make use of a forklift less than 50% of the time, then you should probably rent. Buying a forklift is a big investment, and due to the high cost of forklifts nowadays, there are many businesses that can’t afford the capital outlay, which is why rentals make better financial sense. Furthermore, when you rent a forklift, the rental company will be the owner and they will be responsible for all the repairs, upkeep and maintenance. Depending on how often you use your workhorse, when you rent, not only are you saving on downtime, but you’re also saving money in repairs and maintenance.

If you’re looking for a forklift supplier that can offer the choice of a Daewoo forklift for sale or to rent, then turn to Retrolex Forklifts. Heavily vested in the success of all our customers, we offer a wide range of high-end new or used Daewoo forklifts for sale or to rent. To learn more about our services, forklift brands, financing, rental and purchasing options, contact us today.