Should I Buy or Rent a Forklift for My El Paso Business?
If you have an El Paso business requiring the services of a forklift, you have a tough decision to make. You can either rent a forklift and pay for a short-term loan or invest a chunk of change into buying one. While forklift rentals and buying your own machine have advantages, it’s tough to know which one is right for you. Regardless of which option you choose, Prana Machinery offers forklift rentals, purchases, and all your forklift needs.
Contact us or call (915) 779-2711 to learn more about our forklifts and find the best fit for you and your El Paso business today!
Businesses Where It’s Smarter to Buy a Forklift
In some cases, choosing between renting or owning a forklift is a no-brainer due to the type of business you operate. Certain industries use forklifts daily, while others use them sporadically. Here are some of the top El Paso businesses that should invest in purchasing a forklift.
- Businesses that require warehouses
- Shipping Facilities
- Storage Facilities
- Manufacturing Facilities
- Scrap Metal and Junk Yards
Each of these facilities uses forklifts on a daily basis which means investing in one is a good idea. Look for forklifts for sale and check out the stock at Prana Machinery today.
Businesses Where It’s Smarter to Rent a Forklift
Other El Paso businesses use forklifts sporadically or for short periods. In those cases, forklift rentals might be a better option. Here are a few examples of these industries.
- Construction Sites
- Plumbing, electrical, and HVAC businesses
- Any other business with heavy equipment or multiple levels
For these businesses, there are times when it would be nice to have a forklift, but it may not be worth investing thousands of dollars into buying one.
Things to Consider When Renting or Buying a Forklift
Your Budget
One of the main things to consider when renting versus buying a forklift is your budget. If your business could stand to gain from having a forklift and there’s plenty of room in the budget, you could buy one.
How Often You Need the Forklift
The second thing to consider is how often you use a forklift. If you use them once or twice a month or for a month at a time, renting a forklift is a good option. On average, forklift rentals cost $100 to $200 per day or $1,500 to $2,000 per month.
Buying New Vs. Used
If you’re leaning towards buying a forklift, you have two options – new or used. New forklifts cost between $20,000 and $50,000, whereas used forklifts can cost less than $10,000. A used option is better if you don’t use a forklift too often or know it will take a beating.
Are There Forklifts for Sale Near You?
Another thing to consider if you’re buying a forklift is whether or not there are forklifts for sale near you. The cost of shipping and transporting a forklift could be high enough to outweigh the benefits of buying one.
Do You Have Room for a Forklift?
While forklifts aren’t the biggest pieces of heavy machinery out there, they take up a decent chunk of space. Short-term forklift rentals are a better option if you don’t have a safe place to store your forklift where it’s out of the way and protected.
Who to Turn to For All Your El Paso Forklift Needs
Whether you’re looking to buy a new one or rent a forklift in El Paso, look no further than Prana Machinery. We’re a local leader for forklift rentals and have a wide range of forklifts for sale if that’s the route you want to go. You can choose from new or used machinery, and we even have replacement parts if necessary. Contact us call (915) 779-2711 for a full inventory list and to find out if we have the right forklift for your needs.