Forklift Rent-Lease-Own Operational Considerations

For a quick rule of thumb, look at your estimated weekly run time:

   1. Under 20 hours/week: Lease or look at a short-term rental. The asset may sit idle too often to justify owning it.

   2. 20 to 40 hours/week: Lease (FMV) if electric to protect against battery aging; Buy if diesel to maximize long-term asset value.

   3. Over 40 hours/week: Buy outright. You will blast through standard lease hour limits, making a lease financially punitive.

At 30 hours per week, your forklift will run approximately 1,500 hours per year. This puts your business in the sweet spot for a lease, but your final choice depends heavily on which fuel type you select.