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Forklift Financing - Leasing vs. Purchase

Interested in financing a new forklift and unsure whether it's better to lease a forklift or buy the equipment outright?  Depending on your cash flow, capital requirements, equipment condition and usage, there are benefits to both options.

Is it Better to Lease or Rent a Toyota Forklift?


If you're not sure how long you'll need a piece of equipment, renting may seem like the obvious choice. But sometimes a flexible forklift lease agreement is more cost-effective.

In case you're not familiar with a flex lease, it's two (sometimes three) lease agreements in one. When the first lease term ends, you have the option to return the forklift, or continue on to the second term. 

Continue reading to learn when to choose a flex lease instead of renting a forklift. In a hurry?  Just give us a call.  We're happy to help you calculate your forklift lease vs. rental options.

Lease a Toyota Forklift With No Payments for 4 Months

For a limited time: lease a new Toyota forklift and defer payments for four months.  Toyota's forklift lease promotion allows you to operate a new forklift for 40 months, but only pay for 36What will you do with the money you save? 

Ready to take advantage of this offer?
View our current inventory online, or contact us with any questions. You can also  request more information about the leasing special online.  Don't wait! This offer expires March 31st, 2019.

Unsure about the benefits of leasing a forklift?
Read on to learn the top three reasons why leasing can be more cost-effective than buying new equipment. We'll also explain the most popular types of forklift lease agreements.

When to Lease Vs Buy an Electric Forklift - 3 Questions to Ask

One of the many decisions you’ll make when investing in a new piece of equipment is whether to buy or lease. A big part of that decision is the forklift's battery and what it will eventually cost to replace it.

A forklift battery should last a single-shift operation five to eight years. Proper care and maintenance can extend battery life up to ten years, but they don't last forever. The average cost to replace an industrial battery is about $6,000 (give or take $1,000). Contact your rep for a more precise quote. 

If you’re unsure whether to lease or buy an electric lift truck outright, consider:
- How many hours will the forklift will be used each year?
- What is the operation’s current / future cash flow?
- Can the forklift be well-maintained by staff?

Forklift Financing and Leasing

The time has come to order a new forklift. You’ve researched your options and are ready to buy. But what about financing? Would it be better to lease? Read on to learn what to expect when financing or leasing a forklift.

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