It is difficult to decide on buying or renting an electric scissor lift. The main constraint to such a decision is the budget and use of the scissor lift in your setup. Where both the options have their pros and cons, the decision becomes dilemmatic. Some businesses require lifts once or twice a year and some businesses might use them regularly. So, whether you consider a purchase or a rental service; briefly assess the use and time duration of the scissor lift. It helps in better decision-making.
Scissor lift in Toronto, Canada:
If you have a business set up in Toronto that requires a scissor lift, then you can rent it from Scissor lift rental companies at an optimum rate. The rates are discussed on a daily, weekly, and monthly basis. Moreover, you can purchase them from companies that list scissor lifts for sale at a good price. It is the business’s need that decides on whether to rent them or purchase for a lifetime.
Pros and Cons of scissor lift Renting:
When an organization decides to rent the machine, it has to pay either daily, weekly or monthly rent to the provider. Here are some pros and cons of Scissor lift taken on a rental basis in Toronto:
Flexibility With Immediate Budget:
For companies that need scissor lift can get them immediately on rent. If the company lacks the budget for immediate purchase, then renting is a viable option. Renting option comes with a lower cost than purchasing. You can get access to your required machine even on a tight budget.
Diverse Rental Plans:
Here comes the main financial advantage of renting option. The companies with scissor lift rental in Toronto have rental plans in which the maintenance costs are included. There are a variety of rental plans that are economical to choose from and they don’t hit your pocket hard.
Good For Limited Time Job:
If the job purpose is for a limited time, then renting is the best option. Make sure to provide your staff with scissor lift training so that they can operate it smoothly without causing any damage. Any minor or major damage is highly chargeable.
The only disadvantage you can face in the rental option is the availability. If the scissors lift is not available with the provider, then you will have to wait until your desired scissor lift is available.
Pros and Cons of Scissor Lift for Sale
When you decide to buy a scissor lift for your work, it is the freedom that you enjoy by owning it. It is just like buying your own home rather than staying on rent.
Good decision for Full-Time work:
If the company has extensive use of scissors lift in the coming few years, then purchasing them is a viable option. You can get complete control over your asset and use it freely. You can enjoy the flexibility for the future and the availability of the machine whenever you want.
You Can Earn Good Resale Value:
When you purchase it, you own it. You can sell your asset whenever you want at a good resale value. If the machine is in good condition, then the depreciation would be less. It can fetch you more resale value. You can also upgrade it to a new model whenever required. The only disadvantage you can face on buying the scissor lift is the maintenance cost. Different models have different repairing costs.
Whether you are looking to buy or rent a scissor lift in Toronto, Torcan Lift Equipment is at your service. Call us at 1-833-743-2500 and get the best quote in the industry.