The Advantages and Disadvantages of a Chicago Forklift Rental

The Advantages and Disadvantages of a Chicago Forklift Rental

Mar 1, 2016

There are many types of forklifts available in Chicago that are each built to handle a specific job in a factory or warehouse setting.  What almost all of these different types of forklifts have in common is that they require a significant investment to purchase as well as regular maintenance to keep them functional over a long period of time.  While there are many instances in which it is practical for a company to purchase a forklift in Chicago, there are other situations in which renting a forklift makes more sense.  Equipment rental is the most practical option if a company needs a forklift temporarily to complete a specific job or to take the place of a permanent piece of equipment as it is being repaired.

Advantages of Chicago Forklift Rental - RHI Lifts

Advantages of Forklift Rentals in Chicago

  • Temporary Jobs: If there is a particular job that only needs to be done one time or over a short period of time, forklift rental is a better solution than purchasing a piece of equipment that may never be used again. You can also rent a forklift to take the place of a permanent piece of equipment while it is out for repairs.
  • Test New Equipment: New forklifts can be a significant investment between the cost of the equipment and maintenance which makes it important to make the right decision when buying a forklift. Renting a forklift allows you to test out a new piece of equipment in your own facility before deciding to make a purchase.
  • Maintenance Coverage: Maintenance makes up much of the investment of a new forklift. With forklift rentals, the dealer is responsible for providing the regular maintenance which will relieve you of this cost and ensure that your rental equipment is working its best while you have it.  Many rentals also cover repairs needed due to unexpected problems.
  • Save Money: This is the biggest reason many companies chose to rent forklifts. Forklift rentals in Chicago cost much less than the price of a new forklift and any maintenance needed on the forklift will be provided by the dealer.  Dealers will also set up an affordable payment plan to pay for the rental.

Disadvantages of Forklift Rentals in Chicago

  • Payments: Depending on how long you rent a forklift, the payments can add up to be more than the cost of an outright purchase. It can be difficult to determine how long you will need a piece of equipment and if you overestimate, you may have to keep paying rental payments to complete the term of the rental contract even if you are no longer using the forklift.
  • Availability: When you go to rent a forklift in Chicago, there is no guarantee that the specific equipment you need will be available. Dealers rent out to many companies in their area and if you need a forklift with certain specifications, there is a chance that the equipment could be rented out.

Chicago Forklift Rental - RHI Lifts

Considerations for a Forklift Rental

  • Time: It is very important to consider how long you will need a forklift before making an equipment rental. The amount of time that you decide on will determine the total cost of the rental.
  • Specifications: Make sure you know the exact specifications you need in a forklift for the particular job including lift capacity, lift height, and any special attachments.
  • Rental Policies: The terms and policies of forklift rentals may differ depending on the dealer and the equipment. You should make sure you understand the terms and policies of your rental before signing a contract.

If you are considering renting a forklift to handle a particular job, carefully weigh the advantages and disadvantages of forklift rental while also considering exactly what you will need from the rental equipment to complete the job.  RHI Lifts provides both long term and short term Chicago forklift rentals for companies.  You can call us at (847) 447-0700 or contact us online to learn more about the terms and policies of our rentals as well as the equipment we have available.