Buy, Lease, Rent?

Yet another proven way to cut handling costs is by picking the right method for acquiring your fleet. Because applications and companies' needs vary so widely, there is no one "right" way that will apply across the board. Here are some factors to keep in mind:

  1. The terms and conditions of financing programs vary, compare what's being offered before you decide.
  2. For many companies, the decision whether to buy or lease is largely a function of the tax laws.
  3. The nationwide trend is toward leasing forklifts, but outright purchase is the right choice in certain cases such as when a company requires highly specialized trucks or when long-term use is predicted and preferred.
  4. There are a wide variety of capital leases to choose from. Common types include the purchase option lease, $1 buy-out lease, balloon lease / determined-value lease, skip payment lease, accelerated-payment program, and operating lease
  5. Short-term or long-term rentals can be a cost-effective way to supplement your fleet during periods of peak demand.

For more information, call Dyna-Lift, Inc.'s location nearest you
Return to Homepage