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