How to Address the Question of Leasing or Buying a Forklift for Your Warehouse?

I bet if you are an owner or even the manager of a massive warehouse, you have come across this question at some point in your career. The question of buying or leasing something has always been around for just about any item that is out there, take for instance a home, we are ever so perplexed whether we should buy or lease a home; in fact most people simply settle for renting a home and paying a certain amount of money each week, biweekly or month rather than putting a whole chunk of money forward and buying the house once and for all. People tend to think this is the more smart or advantageous way to go about when in fact it’s quite the opposite.

Let me explain myself, think of it in a logical sense. If you continue to pay small amounts of money for a certain period of time, at the end of that fixed time period you will have to vacate the home and in the end it does not belong to you, so essentially you are simply spending money. Now turn to look at buying a home once and for all, this time too you would be paying a sum of money but by the end of a certain time period, the house will belong to you. You will have ownership and essentially won’t have to worry about finding another place again. This same theory applies to pretty much most of everything out, let’s take forklifts for instance and look at whether buying or leasing is more beneficial.

It Is an Investment and You Will Have Your Asset at the End of It

Once you invest in buying a forklift for you warehouse rather than leasing it, you are essentially collecting an asset. If for instance you lease it as opposed to buying it, by the end of the lease period you will have to give it up, it won’t belong to you. On the other hand, say you purchase one of Damoli Forklifts, since this is your asset you won’t have to be worried about returning it on time and paying late return fees if you missed that deadline. You also won’t have to be too worried if you missed the service date because after all it is your machine. In the instance that you break a certain part of the machine then you won’t have to worry because it is yours to fix at any place you desire and you won’t have to pay any extra fees for that either.

There Is Always the Problem of Not Having the Most Updated

The one thing that would hold you back if you were to purchase a forklift rather than buying it would be the fact that you won’t necessarily be able to have the most latest of the machines. In the case of leasing it, you could always pick the latest one available as opposed to buying when you are pretty much stuck with what you have got.

 

Tags:

 

More Posts in Small Business

 
 

Share this Post



 
 
 
 

Leave a Reply

Your email address will not be published. Required fields are marked *