IFRS 16 Leases is approaching fast, and if you lease forklift trucks in your business, the way you report your finances will have to change after the deadline on 1 January 2019.
If you’re looking to get a new forklift truck which will provide you with years of reliable service, rather than just a short-term hire forklift to help you deal with periods of high demand, your first thought may be to purchase one outright.
A common question which often pops up when big capital acquisitions are being considered is - 'should we buy or lease?'
If you're looking to bring on new machines on a long-term basis, both options have their advantages, and bring many of the same benefits — but depending on the nature of your company and what your daily challenges are, one solution will likely be more beneficial.
Even if your warehouse operation is running smoothly and you’re happy with your forklift fleet, there can still be times when you need a little extra help to meet peaks in demand. Short term forklift hire is often used by logistics professionals to make these busy periods easier, but there’s also plenty of great reasons to hire trucks for short periods even at quieter times of the year.
Having efficient, reliable and safe vehicles is essential for effective materials handling, and there's a range of different ways to get them. Here, we give you our guidance on that difficult question - should you rent, buy or lease your next forklift truck?
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