Material handling equipment leasing offers a way to finance new or used equipment to businesses on a budget. While you may pay more in the long run for a lease, it can provide you with tax benefits, a low monthly payment and other attractive benefits. You may want to consult with a certified CPA to learn about the tax benefits.
You can use material handling leasing on equipment that you use to move or handle products, such as forklifts and conveyor belts. Before leasing material handling items:
1. Evaluate the type of lease options available and determine which type best fits your business plan.
2. Read the lease contract for material handling equipment carefully. Some companies add hidden fees to your lease or only cover specific portions of the purchase.
3. Decide what you want to do after the lease ends. Companies offer buy out options or upgrade options.
Action Steps
The best contacts and resources to help you get it done
Consider a material handling rental or lease for forklifts
Forklifts help you move products from one area to another safely and quickly. There are several types and sizes of forklifts, so you need to determine which type to obtain. For example, rough terrain forklifts work best for outdoor areas.
I recommend: Yale Materials Handling offers leasing options for lift trucks. Its programs include short- and long-term options with no large cash outlays. Find out the forklift lease price from
Acculift Sales, which offers forklift rentals in New York.
Use material handling lease services to acquire items to transport your liquid products
Liquid products require special material handling supplies like intermediate bulk containers (IBCs). These containers seal the liquid in to avoid spills and other costly issues.
I recommend: Hoover Materials Handling Group offers its clients a rental program for IBCs. Its rental program works similar to a lease.
Liquid Packaging Solutions works with Alliance Capital to provide you a leasing option on its products, which include bottles, cap and seal and material handling for liquids.
Negotiate material handling leasing with companies that offer a wide variety of products
A company with a wide variety can help you find the best products for the job. It can save you time to have all your options in one place, and you may be able to lease more items from one company when it would be difficult to lease the same equipment from several different companies.
I recommend: US Lift Orlando provides leasing options on a variety of material handling equipment including carts, conveyors, dollies and trucks.
CASI offers 100% material equipment leasing and provides an online calculator to help you determine monthly payments.
Tips & Tactics
Helpful advice for making the most of this Guide
- Many companies interchange the terms material handling rental and material handling lease, but there may be differences in the services, payments and terms.
The official source of Material Handling Leasing is
the Material Handling Leasing page at Business.com
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