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Hire A Forklift In London

Hire A Forklift In London

Why buy when you can hire a forklift in London?

We offer both options but strive to be open with our customers.

Do you own a business that uses forklifts or specialist equipment? If so, this is an essential post about why you should hire a forklift in London versus buying that same piece of equipment. 99% of small businesses should not buy a forklift or a £20,000 piece of equipment, especially if they only use it for 62 hours over two months. We say this because we were recently contacted by a business deadset on making this mistake. Instead, we explained how they’d be better off hiring a forklift in London.

FULL DISCLOSURE: even though we provide forklift hire in London, we offer purchase packages too.

Hire a forklift in London

and benefit from . . .

Extensive Young Fleet

Factory Trained Mobile Engineers

Overnight Parts Delivery

Quick, Easy & Competitive Rates

Safe & Reliable Equipment

We stock multiple forklifts, aisle masters and telehandlers – so we are not saying that buying big equipment is bad. However, it needs to make financial sense for our customers, and we like to look out for our customers. From our point of view, that’s how we lay the foundations of trust, and future engagements – helping our customers makes sense for everyone. What doesn’t is buying something brand new for £20,000. On top of this flat fee, you also have to account for maintenance, storage and transportation costs. If you expect to use it on average for 62 hours over two months, then it’s a highly unwise decision for most businesses. So, let’s look at some of the pros and cons of why you should hire a forklift in London versus buying it instead.

This page goes for just about any equipment size – whether you’re looking at a £20,000 or a £100,000 piece of equipment.

How to figure out whether it’s best to buy or hire a forklift in London

Find a cost calculator below to compare the cost of hiring a forklift versus owning one.

It is a much lower initial investment if you want to hire a forklift in London. Yes, you have to spend money upfront, but through Locators, you can arrange to hire a forklift in London for a day or a week or whatever you need. What’s great about hiring is you have access to a much broader range of equipment. Therefore, you don’t have to buy a £20,000 piece of equipment because you need to transport a particular product from one site to another. Instead, you can hire a forklift in London and gain access to different types of machinery instead of just the one locked-in kind of model. Also, when you’re renting, it’ll typically be newer equipment, so it’s just nicer to operate.

Plus, there are no maintenance costs; when you rent, you don’t pay to transport the equipment.

Sound Familiar?

Is your current fleet capacity struggling to keep up with the demands of unexpected peaks in your handling requirements?

If it’s currently stretched thin, how do you think your business will fare against seasonal demands or unexpected breakdowns?

Here at Locators, we’re here to help. When you hire a forklift in London your business benefits from our long and short-term hire packages.

Locators will bring the forklift to you on our covered transport. This will save you the trouble of buying a bigger truck and trailer to haul around any new equipment. Otherwise, let’s say – for example – that you purchased one £20,000 forklift. You would have to factor in transport, and if you didn’t already have a tractor unit or flatbed, a quick Google throws up the price of £12,000 a piece, preowned. That’d be £44,000 in total if you ever needed to transport your forklift between two industrial zones – without factoring in fuel costs. It’s also without factoring in weights, as you will need a bigger truck to pull a specific size and load.

When you hire a forklift in London, you don’t have to worry about maintenance, insurance or storing a large piece of equipment long-term.

Assuming that you often use your forklift, buying will work out cheaper in the long term.

What’s also cool about buying a forklift is that when you no longer need it, you can sell it and get a return on that investment. What’s great about purchasing equipment is that you don’t have to wait. Sometimes there are backed-up queues, and sometimes you do need to reserve pieces of equipment. Sometimes the exact type of equipment you want won’t be ready or be in use or is reserved for somebody else, and you can’t get it right when you need it.

Buying is more flexible because when you own it, you can use it whenever and wherever.

In addition, there are massive tax advantages to buying a piece of equipment. You can write off all the cost of that equipment in one year and potentially save yourself quite a bit on taxes. Yet, whether you should buy or hire a forklift in London should be dictated by the hours of use. It should not be dictated by whether you have money to spend or even if you want to save on taxes. It should be dictated by the hours. There are much more tax-efficient ways of spending and investing your money to save on taxes than just buying equipment you don’t need.

Here is the cost calculator to compare the cost of hiring a forklift versus owning one.

You want the cost per hour of use. That’s why we said earlier that using it for 62 hours over two months is not a good decision. Yet, if you know you’re going to use it for 480 hours over two months, it would be an excellent decision to go and buy the forklift. That’s because, in the long term, this will usually be the more cost-effective option. Using the equations below, you can determine which option would be best for your business. Please fill it out from top to bottom to decide whether or not you should buy or hire a forklift in London.

Cost to rent equipment

? | Rental rate (per year/month/day) x rental period (number of years/months/days) + pickup/delivery charge = total rental cost
? | Total rental cost/rental period = rental cost per year/month/day
? | Total rental cost/expected hours of use = rental cost per hour of use

Cost to own equipment

? | Purchase cost + delivery, maintenance, insurance (ownership costs) – resale value = total cost of ownership
? | Total ownership cost/ownership period = ownership cost per year/month/day
? | Total ownership cost/expected hours of use = ownership cost per hour of use

Determine your purchase cost plus the delivery, maintenance and insurance. Remember, the delivery also comes into play when owning your equipment because you have to deliver it yourself. That means bigger trucks and bigger trailers. So, once you’ve gone through the equation, you’re going to come down to your cost per hour of use, which will be the main determining factor. That is what will determine whether you should buy or hire a forklift in London

You do get more flexible times with a forklift when you own it. This leads to sometimes buying equipment not necessarily because they use it a lot or it makes sense financially, but simply due to ease of access. So again, we are not recommending against buying any equipment – whether it be small or large. You have to make financial sense of it for your business and not follow what everyone else is doing or what seems fun or popular. Don’t buy into the hype of buying more equipment. There is plenty of advertising spent to convince you that you need to buy more, but in reality, that’s not what makes a profitable business. It will not make you wealthy in the long run, and we only want success for our customers.

Want to hire a forklift in London? Here's what you can expect

Safe, reliable equipment delivered directly to your door.

When it comes to warehouse logistics and solutions, it’s always best to plan for peaks. Seasonal demands, sudden breakdowns, or unexpected bulk orders can prove critical. Such spontaneous conditions prompt delays and missed deadlines, and this is the last thing you want to happen. Yet our team is committed to making your life easier with our industry-leading hire range. Materials handling equipment is vital in day-to-day trade. Yet, as you saw in the section above, they can be a considerable investment for any business to make.

It’s essential to find the right forklift and storage system. That way, you can make significant efficiency gains and reduce the size of your fleet and the number of operators required.

Locators are the South’s leading fully integrated material handling and storage system company. Staffed by over 75 dedicated team members, including more than 20 mobile field engineers, we’re on hand to help your business help itself. Your business will benefit from safe, reliable equipment while keeping within your budget. We operate a young hire fleet in excellent cosmetic condition, our hire rates remain very competitive, and we also offer fixed cost transport. We maintain over 2,500 machines and work with some of the largest companies in our area and many small ones. Most rental services carry an assortment of the more commonly found models of forklifts. Yet, at Locators, we cover the entire range of our material handling fleet to cover any gaps in your material handling needs.

We supply and stock forklifts, telehandlers, rough terrain, and warehouse and access equipment.

Aisle Masters & Equipment Hire in London

Efficient | Innovative | Space-saving

We supply a wide variety of warehouse equipment to suit most applications. With an aisle master, we can increase your efficiency and productivity with . . .

Excellent visibility and ergonomics

Up to 50% increased storage capabilites

1.6m Very Narrow Aisle (VNA) ability

Electric, LPG or Diesel Forklift Hire in London

Comfortable | Ergonomic | Interactive

Locators offers a full range of counterbalance forklift trucks. Various lift heights and capacities are available. Increase your efficiency and productivity with . . .

Excellent turning radius

Indoor & outdoor work

Multi-load handling

Telehandlers & Access Equipment Hire in London

Dynamic | Maneuverable | Precision

Need a specialist machine for rough terrain, access equipment or to handle long loads? If so, we can increase your efficiency and productivity with . . .

Exceptional 360° visibility from cabin

Lifts heavy, bulky loads without moving

Perfect flexiblility with 3 steering modes

Get in touch to hire a forklift in London

Locators are the South’s leading material handling and storage system company.

Are you interested in hiring a forklift in London? In addition to the truck, you can expect our expert, impartial advice and high-quality services. Our team works with some of the largest companies in our area and some of the smaller ones. So, if you want a partner with the resources and capability to help your business succeed, get in touch.

We guarantee

Access to Young Fleet

The BEST Standards of Equipment

Competitive Commercial Terms

Prompt Delivery Timescales

Responsive & Mobile Support

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