If you own or operate a warehouse, you’re probably aware that purchasing warehouse equipment is a huge expense, and can add up to quite the hefty investment. Occasionally, warehouse managers purchase large equipment only to find out later that a different machine would better suit their purposes. The good news is that there’s another option: warehouse equipment rental in Abilene, TX. There are many benefits to renting warehouse equipment as opposed to purchasing it. Read on to learn more about whether renting equipment may be the right choice for your business.
Save money by renting
Warehouse equipment rental in Abilene, TX is a great way to save on initial investment and startup costs, especially if you’re just getting into the industry and need time an experience to figure out exactly what you need and which tools and machines will be best for your purposes.
By renting, you’ll have extra cash on hand for other operating expenses and startup costs because you’ll save a lot of money that you would’ve spent on purchasing forklifts and other large machines, which can run up a large bill. Purchase prices are huge, whereas renting and leasing costs come in regular, predictable payments. The initial costs for your business will be much lower, and therefore the barriers to entry will be lower. Whether or not you have the capital or cash on hand to purchase the equipment, you may find that renting is a better choice for cash flow and cash management reasons.
Asset protection and limiting liability
Another huge advantage to warehouse equipment rental in Abilene, TX as opposed to equipment ownership is the protection of your assets. Assets depreciate over time, even when it comes to standard, good quality forklifts. For one thing, models can become obsolete in the blink of an eye as newer technology is released and better equipment becomes available. Your investment may drop in value over time and you don’t even realize it. Second, just like cars, your investment is worth less the second it’s delivered. You’ll never be able to resell your machine for the price you bought it for, so ownership may not be in your best interest.
Renting or leasing equipment also protects you from liabilities. If the equipment breaks or becomes obsolete, your assets that you own will not be affected. You likely will purchase insurance to protect you from damaged leased equipment, and you can rent a better, newer model at any point you choose for close to the same cost. This is especially helpful if you’re new to the industry or trying out new product or operations that may require a different machine than you originally thought. Plus, you won’t have to pay for maintenance costs for damage or even regular, routine maintenance. That alone will help you save even more.
If you are in the market for warehouse equipment rental in Abilene, TX, V-Bar Equipment Company is your go-to destination. Backed by a staff of highly trained experts and with an array of equipment on hand, we can handle any and all forklift needs, no matter how big or small. Call us today to see what we have in store for you.
Categorised in: Equipment Rental
This post was written by Writer