Forklift Rental Purchase Option: Is It To Your Advantage?

Considering whether a forklift rental purchase option is right for your business? Learn how this flexible solution can offer financial benefits, operational advantages, and help you meet your long-term equipment needs. Explore the key factors to determine if it’s the best fit for your operation.

What Is A Forklift Rental Purchase Option (RPO)?

If you have a long-term need, but are not ready to commit to purchasing equipment, a forklift rental purchase option (RPO) is a solution for your company. A rental purchase option allows your company to put portions of your monthly rental payment toward the purchase of the equipment, but doesn’t commit you to the acquisition.

Forklift Rental Purchase Option Advantages

Try It Before You Buy It

If you're unsure whether a forklift can handle your specific application, a rental purchase option (RPO) allows your operators to test the unit while working with your actual products. This is particularly beneficial when materials and loads vary.

If your company has plans to update the forklift fleet and is considering a new equipment manufacturer, a RPO gives the operators hands-on experience with the lift. In addition to gaining a comfort level with the forklift, operators can provide feedback on the operation of the unit.

Money Isn't Currently Budgeted

Because forklift equipment is a large investment, oftentimes companies budget for the expense. If you need equipment before budget funds are secured, a RPO helps to get the unit to your facility prior to the sometimes lengthy approval process. Rental rates can be paid on a monthly basis and the term can be as short as 30 days.

Having the forklift as a RPO also helps the budget in regards to maintenance. While your company is paying the monthly rental rate, basic maintenance and breakdown repairs are handled by the vendor.

Spike In Business

If your company experiences increased business, you may doubt the production level will continue long-term. However, if the short-term forklift need turns permanent, a RPO can significantly reduce the acquisition cost by applying a portion of the rent toward the forklift that has proven itself in your application.

Whether you choose a short-term rental or rental purchase option, ProLift's consultants are here to answer your questions and compare options.

Rental Inventory