Product Knowledge

Four Ways To Keep A Forklift Purchase In Your Budget
Author: sino   Post Time: 2024/3/1   Hits: 197 

FORKLIFT LEASE & FINANCE OPTIONS

There are many products through lending institutions that offer custom designed lease products for your individual business

needs. Some of these options include:Skipping a lease payment, which is beneficial for seasonal business when revenue is

not generated monthly.

Two term leases, which gives the ability to walk away at the end of the first period or significantly reduce the payment during

the second term.

Accelerated or decelerated payments, which is a fixed term with payments increasing or decreasing over the term. This option

can help decrease your interest expense or reduce your current payment until business improves.

BUY USED FORKLIFTS

If your forklift runs less than 4 hours each day, buying used may work for your application. Many used forklifts arrive in the

fleet when they are turned in for trade or off-lease. In addition to the initial cost savings, most units have been reconditioned

by the dealer. Upgrades may include paint, tires and safety features. Warranties are often included or available for upgrade.

CONSIDER AN ELECTRIC PALLET JACK

The electric pallet jack (EPT) is often overlooked but will save thousands of dollars on the purchase. For applications requiring

only a horizontal movement of product, you should consider an EPT. There is also a wide array of electric forklift products

available as well, if these are more appropriate for your unique situation.


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