Contract Hire Forklifts
Forklift Hire: Contract Hire
Forklift Contract Hire
Many businesses find that a forklift hire is the best way to meet their needs. By renting a forklift truck, a business can meet its short-term and long-term needs in a way that isn't too expensive. The price of the equipment also includes any costs for service and maintenance. When the project is done, the rental is given back, and there are no more costs. Forklift contract hire is the ideal solution for businesses of all sizes.
LONG-TERM FORKLIFT HIRE IN THE WEST MIDLANDS
At Atlas Forklift, we have the option of long-term forklift contract hire, meaning you can hire a forklift truck in the West Midlands for as long as five years. We’ll even cover the forklift maintenance during this time, ensuring you have the best working truck you could ask for. Once the forklift contract hire is up, you can return the truck, buy it, or hire a newer model. The choice is yours.
The cost of a long-term rental is much less than the cost of buying new equipment. Spend your money on other things that will make you more money while being safe in the knowledge you have an excellent forklift to use whenever you want to.
CONTRACT HIRE FORKLIFT TRUCKS TAILORED TO MEET YOUR NEEDS
People who rely on forklift trucks to keep their businesses moving work with Atlas time and time again, because they know we combine excellence and value for money with flexibility. We don’t simply explain what we can do for you, we ask what you need and then we make it happen, and our contract hire service is an example of this approach. The contract hire forklifts, which can be hired come from across our range, from standard models to more specialised pieces of equipment, and we can use our experience of the sector to provide advice on the exact models needed. Our contract hire plans run for periods of three, four and five years depending upon what is most convenient for each client, and the set monthly rates we charge provide value for money together with consistency.
Our provision for contract hire forklifts offers total peace of mind because the set monthly rate covers all maintenance and servicing costs for the period during which you hire the forklift. When the contract ends you can opt to simply return the forklift you’ve been using and take delivery of a new model on the same basis. Like everything we do, it’s a system which is simple, effective and meets the needs of our clients.
WHAT TYPES OF FORKLIFT TRUCK CAN BE HIRED?
One of the most useful kinds of vehicles for builders is the forklift. Forklifts are a must-have on any job site because they can move heavy loads safely that people can't. They can be used in a warehouse or on a construction site.
Since there are so many different styles and models, it can be hard to choose the best forklift. Whether you want to rent or buy a forklift for your next project, it’s worth speaking to experts who can inform you about the different kinds, their benefits, and the most popular models so you can choose the right one. In that way, you’ll be able to hire forklifts that are suitable for the work you need to do.
PROS AND CONS OF HIRING A FORKLIFT TRUCK
As every business owner knows, it’s always a good idea to weigh up the pros and cons of any decision, and forklift contract hire West Midlands is no exception. To help you, we’ve compiled a list of the pros and cons:
ADVANTAGES OF HIRING A FORKLIFT
- You are not responsible for forklift maintenance
- You can return the truck and not pay any more once the rental period is over
- It is cost-effective compared to buying equipment
- You receive excellent support from our friendly team
- Ideal for short-term requirements
DISADVANTAGES OF HIRING A FORKLIFT
- You do not own the truck
- There might be usage limits imposed
- You are reliant on a third-party to carry out repairs
FORKLIFT TRUCK HIRE - FAQ's
It's fair to say that the average forklift does not last as long as you might initially imagine. Anything more than 10,000 miles is actually considered to be a very high mileage for a forklift, so generally speaking your forklift is likely to last for less than 10,000 miles. This is obviously something you will want to bear in mind when you’re stuck trying to decide between contract hiring or lease purchasing your next forklift truck, as it can often make better financial sense in the long term to lease rather than invest.
When you explore forklift contract hire with us, Atlas Forklift will cover the maintenance and repair of the forklift, whether that means short or long term. Only lease purchased forklifts will require the user to pay for the repair and maintenance of the vehicles, as the responsibility is passed on to you when you choose leasing rather than hiring.
Contract Hire - for a cost-effective, hassle-free and tax-efficient option, contract hire is the best choice. Not only do you receive your forklift truck(s) for a fixed term agreement of usually 3-7 years, your monthly rental includes forklift maintenance, servicing and repairs. With a simple budget, you can take full advantage of the equipment before handing back the forklift trucks once your contract ends. Even better, 100% of the rentals paid can be offset against taxable income.
Lease Purchase - a lease purchase allows you to gain eventual ownership of the forklift. You begin by paying total VAT along with the deposit, and then make fixed monthly payments over an agreed period of usually 2-7 years with all of the interest charges set against taxable income. This asset is put on your balance sheet and offset ‘capital allowances’ against taxable income at a rate of 25% per annum on the reducing balance, whilst small companies can offset 40% of the equipment value within the first year. Unlike a contract hire, maintenance and repairs are not included in the price. This is the best option for you if you’re looking to purchase forklifts but haven’t got the resources to buy outright.
Both hiring and leasing a forklift can have benefits and drawbacks, depending on your unique situation. Hiring is affordable and generally comes with its own servicing and maintenance included, but the money you spend will not go towards purchasing the forklift outright as it would when you explore leasing. Hiring is an efficient option that lets you utilise a forklift for a set number of years as stated in your contract, whereas leasing ends with the intention of you actually purchasing the forklift.
There are some disadvantages of hiring new forklift trucks to be aware of. They certainly represent the more expensive option, and they don’t have a record of performance that you can refer to.
Using forklifts that are past their best can cost you money. The average lifespan of a forklift truck is around 10,000 to 12,000 hours of use, which usually covers around 6 years. If you’re looking for a forklift contract hire in the West Midlands and you don’t want to worry about the lifespan of your own fleet, we’ll help you take care of that.
There are numerous factors to consider when deciding how to finance your forklift fleet. Budget constraints, tax, flexibility, and your own business’s priorities all matter. If you want to save money and avoid upfront costs, contract hire might be for you. At AtlasForklift, we can help you hire forklifts in the UK to cover a portion of your fleet or your entire fleet.
If you want to contract hire a forklift truck, you first have to decide which type of trick is right for you. There’s the conventional range of powered forklift trucks, available in diesel, petrol and electric versions. Then there are smaller pallet jacks used in warehouses, and there are stackers and reachers, also used in warehouses. Larger forklift trucks handlers and telehandlers can be used for moving larger items.
There are lots of reasons why you might want to hire a brand new forklift truck instead of used ones. For a start, you can be sure that it’ll have a clean breakdown record and be in good working order. You won’t have to deal with the wear and tear that older forklift trucks show.
There are many instances in which it might make more sense for you to hire a used forklift truck. For a start, the costs are lower, and the vehicle has a record of functioning properly. You’ll know exactly what you’re hiring and how you can expect it to perform.
When you hire a forklift truck in the West Midlands using AtlasForklift, you don’t have to worry about repairs or maintenance. We take care of that work for you. Of course, we still ask you to be vigilant and take care of the forklift you hire while it's with you, as the truck will have to be returned to us at the end of your forklift contract hire.
SHORT-TERM FORKLIFT HIRE
If you don’t need to hire forklifts UK on a long-term basis, Atlas Forklift can offer short-term options too. This kind of rental can last anywhere from one week to six months (including two-week and one-month options) and is perfect for a one-off project, for example. When you hire a forklift truck on a temporary basis rather than purchasing one outright, you can help businesses save money that can be put to better use elsewhere.
LEASE PURCHASE FORKLIFT TRUCKS IN THE WEST MIDLANDS
If hiring isn't for you, you may want to consider a lease purchase plan with viable and fair financing options. Click the buttons below to enquire about lease purchasing your next forklift truck from Atlas Forklift: