Heavy Equipment Rentals

Heavy Equipment Rental Benefits

Renting construction equipment has increased in popularity for a variety of reasons. A few key contributors to the growth of equipment rentals include the rising cost of purchasing equipment Here are some benefits that your company will see if you decide to begin renting construction equipment.

Avoid the Initial Purchase Cost

Purchasing brand new construction equipment is extremely expensive and can make a huge impact on how your company’s budget. Renting or leasing equipment avoids the upfront costs associated with purchasing, and allows businesses to better manage your financial resources.

Less Maintenance and Repair Costs

When you own equipment, you must consider the cost of maintenance and repair. Although maintenance and repair is still important for rental equipment, costs will be lowered compared to purchased equipment. With rentals, the time and labor costs associated with maintenance and repairs are lower and more manageable.

No More Market Fluctuation

The construction world is dynamic and many things influence the market. Renting equipment cushions your company from unpredictable downturns that may arise. Rather than committing to a piece of equipment, leasing allows for options that make it easier to ride the rise and fall of market forces.

No Depreciation Costs

When you own machinery, you incur considerable depreciation costs. Reselling equipment, and maintaining it requires quite a large investment on top of your upfront purchase. Although all companies operate differently, renting construction equipment avoids loses associated with depreciation.

Project-Specific Rentals

Typically, construction companies are balancing many projects at once. Renting specific pieces of equipment for particular projects eliminates any logistical delays.

Solve Storage Issues

Equipment that is not stored properly, or exposed to harsh weather condition may depreciate faster. You can negotiate with vendors or suppliers regarding how long you need a rental, and your company may not worry about long-term storage. This saves you time needed to plan out the logistics, as well as the cost of storage.

Transportation Logistics

Transportation can take a long time, affecting the productivity and efficiency of a project. Renting allows you to avoid this burden and provides a more reliable equipment option by keeping pieces onsite.

Let us give you all the information you need to run on any budget and still get the equipment you need!

KMH Forklift Rentals

Rental Benefits vs Buying

Material handling equipment is an absolute necessity for modern businesses to stay competitive and increase worker productivity.  Forklifts come in many varieties and have a range of capabilities and prices, but their fundamental purpose is to allow workers to move inventory quickly and efficiently.  The issue for some, especially most small businesses, is the issue of whether to buy or rent the equipment. There is no simple right or wrong to this question, since it comes down the individual company’s situation.

Save Money on Terms

Long or short term rentals can be arranged for a weekly or monthly price with a rental company. Short term rental prices can vary, however most forklift companies do have regular pricing, and you should always ask what deals are available to you. When a forklift is purchased, the owner is responsible for all maintenance costs and any associated issues such as downtime. Over the course of a year, this alone can add significant amounts to the cost of the forklift that may not be in your budget. Also, as the forklift ages, maintenance costs increase simultaneously. The added cost of service equipment and organizing temporary replacements, if necessary, must also be considered when budgeting for buying instead of simply renting, a forklift.

Legal Benefits

Forklift owners must make sure their vehicles are properly maintained and meet all relevant safety requirements. Many accidents involving forklifts are due to neglected maintenance schedules and poor working conditions. Companies renting forklifts are responsible for the training and working conditions of forklift legislation and can offer expert advice such as personal protective equipment, checklists and operating instructions and differing rental term plans to allow your company flexibility.

Upgrading Your Forklift Options

Renting a forklift enables an element of flexibility for a workplace. The customer can select the appropriate model to rent for a specific job which may be different to a model to that is required for another task. The same level of flexibility cannot be obtained when purchasing a forklift which can lead to higher costs for an organization and/or inefficient working practices.

Top Reasons to Rent

  • Forklift purchases require you to invest a significant amount of capital or have well established credit
  • As your purchased equipment ages you will not get benefits of newer tech
  • New equipment is not available immediately
  • It can be hard to estimate the length of some jobs & therefore the cost
  • Your cost is much lower for short to medium term rentals
  • Rentals are generally available for businesses with minimal credit
  • There is no need for in-house mechanics
  • You can use the latest equipment depending on rental company

If you’re in need of a forklift rental, lease, or purchase please use the link below…

Optimize Your Warehouse Profits in 2017

Optimize Your Warehouse Profits in 2017

Think you’ve wrung all of the costs out of your warehousing or distribution center operation?  Take another look — even in the best-run operation, there’s generally still room to cut costs.  Any one of these ideas can produce thousands of dollars in savings. However, when combined into an overall cost-containment program they can often reduce costs by two, three or four times that amount.

KMH New Year’s Quick ROI Check List:

OPERATIONS

  • Target inventory accuracy
  • Pick a quality program and stick with it
  • Know what you are up against
  • Keep your processes simple
  • Examine your entire supply chain
  • Establish product traceability during the distribution life cycle
  • Get rid of excess inventory
  • Reconfigure racks
  • Minimize packaging

LEVERAGE EQUIPMENT ROI

  • Optimize equipment use
  • Consider short-term rental
  • Evaluate leasing rather than buying

LET TECHNOLOGY WORK FOR YOU

  • Consider a warehouse management system
  • Take full advantage of an existing WMS

ENERGY MANAGEMENT

  • Convert to high-efficiency lighting

At KMH we have a FREE Operational Audit to help you increase your ROI and show you how to implement it. Contact us to set an appointment and make 2017 your most profitable year yet!