Forklift Rental FAQ
Here is a list of the top forklift rental frequently asked questions. Click on each question to discover the answer.
Looking for a reliable and affordable forklift rental? Contact us.
Top Forklift Rental FAQ
1. How much does it cost?
The price that you pay for a forklift rental will depend on the type of forklift you want and how long you are planning to rent it. A smaller capacity forklift will cost less than a larger capacity one.
Some forklift rental locations will offer you a large fleet discount if you are renting multiple units and they may also give you a reduced rate if your equipment is being serviced by them.
Forklifts that handle heavier capacities will cost more to rent
2. Why would you want to rent a forklift?
Here are a couple of good reasons why you would want to rent a forklift:
1. Your Equipment Is Being Serviced or Repaired: Renting equipment while yours is being serviced or repaired means that you won't suffer any downtime. Some forklift dealers will even offer you reduced rental rates if you are getting your forklifts serviced by them.
2. Cashflow Is Tight: Another reason why you might rent a forklift is if you don't have enough money to purchase one. A lower monthly payment might seem more affordable and suit your budget better.
It is a good idea, however, to compare what it would cost to purchase a new or used forklift from a company that offers financing.
This would also give you a regular monthly payment and it might be a better option as once your payments are done, you will own your forklift.
Renting is a great option when your forklift is getting serviced or repaired
3. When would you rent instead of buying?
There are a few situations where renting a forklift would be preferable to buying one:
1. Temporary Busy Season: Renting equipment during a temporary busy season is a good idea as it lets you get the extra equipment you need without having to invest in forklifts that will sit around idle for the rest of the year.
2. Test Out Equipment: Another great reason to rent is if you want to test out a new type of equipment before you buy it.
For example, maybe you think that investing in a reach truck would help to improve your productivity.
You could rent one for a few months to see if it does and then decide whether or not it would be worth purchasing one.
Renting will let you test out a type of equipment before you buy it
4. How long do you have to rent your forklift?
Some forklift rental companies will give you a choice of rental time. You can do short-term or long-term rentals including contracts that are:
Daily
Weekly
Monthly
If the company that you’re dealing with doesn't give you the option that you need, try another company. You don't want to have to rent a forklift for more time than you actually need it.
Get a forklift rental contract for the time the you
need it
5. Is there such a thing as rent to own?
Yes. Some forklift rental companies will have a rent-to-own option. This is a great alternative if you don't want or don't have the money to purchase a forklift just now.
When you rent to own, a portion of your rental payments will be used as payments towards the purchase of your equipment.
If your goal is to purchase a forklift eventually, get a price on how much it would cost to finance it with a monthly payment. You may be surprised at how little it could cost you.
For example, Hangcha makes high-quality forklifts at unbelievably low prices, In fact, they have the best prices in the industry, so you actually may find that financing a new Hangcha forklift would be a better value than opting for a rent-to-own one.
It's best to ask your forklift dealer about all of your options and have them choose the best one for you.
Financing a new Hangcha forklift could be a better value than doing a rent-to-own option
6. How can you get a better rental price?
Often if you need to rent more than one unit, your forklift dealer will give you a fleet discount.
If you are renting so that you can keep production going and avoid costly downtime while your forklift is being serviced, then take it to a forklift dealer that offers rental units that you can use at a reduced rate.
7. Who is responsible for maintenance?
Most forklift rental companies will be responsible for doing any maintenance on their equipment. It is a good idea to double check with the company that you are renting from though, to make sure that this is the case.
Not being responsible for the maintenance of your rental equipment is a great advantage of renting over owning as it removes that extra expense for you.
Forklift rental companies usually take care of any regular maintenance costs
8. What types of forklifts can you rent?
Most forklift rental dealers will offer you a selection of different forklifts in varying sizes and weight capacities. Some of the most common types of forklifts that you can rent include:
Electric forklifts - great for indoor applications
Cushion forklifts - great for smooth surfaces and tighter spaces
Pneumatic forklifts - great for rough, outdoor surfaces
IC forklifts - great for heavier lifting applications
Pallet jacks - great for smaller warehouse and retail operations
Reach trucks - great for high shelving and narrow aisles
If they don't have the type of forklift you need, then shop around. You don't want to be stuck using a forklift that can't handle the weights that you need it to. This could be dangerous for your operators and harmful to the equipment.
You also don't want to be paying for a higher capacity forklift than you actually need. Rent your forklift from a reputable dealer that offers you a wide variety of forklifts
Rent from a dealer who has a wide variety of forklifts to get the one you need
9. Do forklift rental places deliver your forklift to you?
Some forklift rental places will offer you free delivery of your forklift to your location. They will also pick it up when your rental time is up.
Make sure that you verify with them that they do deliver and ask if it is free or if there is an additional charge for this service.
Benefits of Renting from Wayco
There are many great benefits to renting forklift equipment from Wayco including:
Choice of Terms: We offer both short term and long term rentals with daily, weekly and monthly contracts.
Great Price: We'll give you a competitive rate and we have large fleet discounts as well as a rent-to-own program.
Wide Range of Rental Equipment: We have a large selection of sizes and weight capacities (3,000 - 80,000 lbs) of rental equipment for both indoor and outdoor use.
Easy Maintenance: You'll enjoy hassle-free maintenance and reduced rental rates while your equipment is being serviced by Wayco
Delivery: We'll bring the equipment to your location
If you need to rent forklift equipment, contact Wayco today.
What our customer are saying…
“Our company shopped around for the most competitively priced lift equipment repairs and rental services in the KW region and found Waco Multi Lift Inc. Their repair rates were lower than the other companies out there and the service is prompt and professional for our in house lift trucks.
With one phone call a tech arrives within a couple hours. We are also renting a 3 year old lift truck from them in new condition, they found just the right truck for our needs. Their repair Techs are knowledgeable and friendly and get the job done no matter what the problem is.
Just want to thank Steve P, Chris and Rob for their help the past few months for keeping our production and shipping rolling.”
