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How to reduce cost of forklift ownership.

Submitted by hing on Sat, 06/09/2014 - 19:03

As in any business, cost control will go a long way to help ensure profitability and sustainability of the business. There are many forms of getting hold of a forklift to use.

  1. Buy it in cash outright - it is yours to use as you please. What about maintenance? We will come to this later.
  2. Hire Purchase - looks good on Balance Sheet. Will probably cost more than buying outright due to ineterest and administration charges.
  3. Leasing - will not show on balance sheet
  4. Rental - you do not own the forklift...

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