Why Forklift Leasing Can Relieve Diminishing Return Burdens

Buying something new is always exciting. A new purchase is a reward at the end of all the careful research you did to make sure you selected the best product on the market and it feels good for a while!

For many companies large and small, leasing your fleet is an excellent option that can offer much better returns than purchasing without a substantial capital investment. I have thought of a few good reasons you might consider leasing your next forklift.

When your best-laid plans reap big rewards, your business is likely to grow. Growth breeds change, and ultimately, you will need a forklift fleet that is flexible and can adapt to your changing needs. Leasing forklifts allows for automatic and consistent replacement cycles dependent on the term you choose to lease. This ensures that you always have access to the most suitable equipment for your evolving business needs.

Preserving cash is crucial for every business, particularly those with strong growth potential. By opting for forklift leasing, you can conserve cash and allocate it to other critical areas of your business, such as increasing product inventory, expanding your sales force, or investing in essential IT upgrades. Unlike purchasing, which requires a large initial outlay of cash, leasing involves relatively low monthly payments, allowing you to maintain liquidity and financial flexibility.

Technology is advancing at a rapid pace, and forklift manufacturers are constantly innovating to enhance efficiency and productivity. For example, Toyota Material Handling launched innovative operator assist technologies like SEnS+ Smart Environment Sensor Plus™ and SEnS Smart Environment Sensor®  and released MyInsights – Toyota’s telematics solution – standard on a majority of the forklifts we offer. 

Leasing provides the opportunity to access the latest technological advancements in forklifts without the long-term commitment of ownership. By regularly upgrading your forklift fleet through flexible or short-term leases, you can stay competitive and ensure that your operations remain efficient and up-to-date.

While many businesses may cite better ROI as a reason for purchasing forklifts, leasing offers its own financial advantages. Your ROI is dependent on your specific needs and circumstances, and forklift leasing can help increase cash flow, allowing you to reinvest your capital back into your business where it's needed most.

When considering your next forklift acquisition, leasing should be viewed as a viable solution to potential financial challenges, offering adaptability, cash flow preservation, and access to the newest technology. To learn more about leasing and the options available to you, contact your local, authorized Toyota dealer today.