{"id":2731,"date":"2023-06-10T23:00:32","date_gmt":"2023-06-10T23:00:32","guid":{"rendered":"https:\/\/iplantmachinery.com\/au\/?p=2731"},"modified":"2023-07-31T01:47:06","modified_gmt":"2023-07-31T01:47:06","slug":"forklift-finance","status":"publish","type":"post","link":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/","title":{"rendered":"How to Choose The Right Forklift Finance For Your Business"},"content":{"rendered":"

When it comes to sourcing the right forklift for your business.\u00a0 There are many different things to consider such as load capacity, lift height, fuel preference, type of tires, and operator comfort, just to name a few.\u00a0 But what is often one of the most neglected things that people overlook, is forklift finance<\/strong>.<\/p>\n

We wanted to take you through how to choose the right forklift finance for your business.<\/p>\n

How to choose the right forklift finance<\/h3>\n

Capital Purchase<\/strong><\/h3>\n

The most obvious way is to pay for your forklift up front, with your own capital. Depending on what type of forklift you are financing, new or used, small or big.\u00a0 This often involves either you going to a bank and financing the full amount with a bank loan or taking the money out of your own account and paying for it.<\/p>\n

When you buy a forklift outright, you are responsible for all the repairs and maintenance.<\/p>\n

\"Financing<\/a><\/p>\n

Fully Maintained Rental<\/strong><\/h3>\n

The fully maintained rental option has now become one of the most popular ways to purchase a forklift for many different businesses. All forklift companies will have a forklift rental fleet.<\/p>\n

A fully maintained rental involves entering into a rental agreement, from anywhere from 1 day to 7 years, and paying an agreed upon rental figure.<\/p>\n

The forklift rental figure will include things like maintenance, a set of tires per year, and support forklifts in case of breakdowns.\u00a0 The great thing about a fully maintained rental is that you get to give the forklift back at the end of the term.<\/p>\n

Lease Finance<\/strong><\/h3>\n

Forklift Finance with leasing means going to a financial institution<\/a> like a bank and entering into a leasing agreement with the financial institution over an agreed-up timeframe.<\/p>\n

This usually involves a monthly lease payment, which might have a residual payment at the end of the term, and any maintenance is your responsibility.<\/p>\n

There are two main different types of leasing an operating lease and a finance lease.<\/p>\n

Rent Then Buy<\/strong><\/h3>\n

One particular popular method of Forklift Finance<\/strong> is a rent-then-buy scenario<\/a>, or what is better known as a Commercial Hire Purchase (CHP) or Chattel mortgage.<\/p>\n

Generally, there are balloon payments at the beginning or at the end of the loan.\u00a0 Very similar to a leasing arrangement, the terms are generally anywhere from 1 to 5 years.<\/p>\n

The servicing and maintenance of the forklift are treated separately in these circumstances.<\/p>\n

When it comes to the right type of forklift finance<\/strong> for your business, if you are unsure first talk to your accountant about your own particular circumstances.<\/p>\n

No matter if it’s a cheap second-hand forklift option or a fleet of forklifts.\u00a0 Take the time and talk to your forklift provider after your accountant.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to sourcing the right forklift for your business.\u00a0 There are many different things to consider such as load capacity, lift height, fuel preference, type of tires, and operator comfort, just to name a few.\u00a0 But what is often one of the most neglected things that people overlook, is forklift finance. We wanted<\/p>\n","protected":false},"author":1,"featured_media":2732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","footnotes":""},"categories":[237,179],"tags":[238,180],"class_list":["post-2731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-forklifts","tag-forklift-finance","tag-forklifts"],"yoast_head":"\nHow to Choose The Right Forklift Finance For Your Business - iPlantmachinery.com<\/title>\n<meta name=\"description\" content=\"Learn how to choose the right forklift finance for business. getting your finance right is just as important as choosing the forklift.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/iplantmachinery.com\/au\/forklift-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Choose The Right Forklift Finance For Your Business - iPlantmachinery.com\" \/>\n<meta property=\"og:description\" content=\"Learn how to choose the right forklift finance for business. getting your finance right is just as important as choosing the forklift.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/iplantmachinery.com\/au\/forklift-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"iPlantmachinery.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/iplantmachinery\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-10T23:00:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-31T01:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/06\/2500-kg-forklift.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"395\" \/>\n\t<meta property=\"og:image:height\" content=\"395\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Di Natale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Di Natale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/\"},\"author\":{\"name\":\"Scott Di Natale\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#\\\/schema\\\/person\\\/c5f18850ae61902e155d153b8ffc34c9\"},\"headline\":\"How to Choose The Right Forklift Finance For Your Business\",\"datePublished\":\"2023-06-10T23:00:32+00:00\",\"dateModified\":\"2023-07-31T01:47:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/\"},\"wordCount\":461,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/2500-kg-forklift.jpg\",\"keywords\":[\"Forklift Finance\",\"Forklifts\"],\"articleSection\":[\"Finance\",\"Forklifts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/\",\"url\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/\",\"name\":\"How to Choose The Right Forklift Finance For Your Business - iPlantmachinery.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/2500-kg-forklift.jpg\",\"datePublished\":\"2023-06-10T23:00:32+00:00\",\"dateModified\":\"2023-07-31T01:47:06+00:00\",\"description\":\"Learn how to choose the right forklift finance for business. getting your finance right is just as important as choosing the forklift.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#primaryimage\",\"url\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/2500-kg-forklift.jpg\",\"contentUrl\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/2500-kg-forklift.jpg\",\"width\":395,\"height\":395,\"caption\":\"Forklift Finance\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/forklift-finance\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Choose The Right Forklift Finance For Your Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/\",\"name\":\"Iplantmachinery.com\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#organization\",\"name\":\"iPlantmachinery\",\"url\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iPlantMachinery-copy.png\",\"contentUrl\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iPlantMachinery-copy.png\",\"width\":350,\"height\":90,\"caption\":\"iPlantmachinery\"},\"image\":{\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/iplantmachinery\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/#\\\/schema\\\/person\\\/c5f18850ae61902e155d153b8ffc34c9\",\"name\":\"Scott Di Natale\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe6c4803fd1cd91725d2929ee37849b8231ae115fe528e21a1b739cb687e10fd?s=96&d=mm&r=x\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe6c4803fd1cd91725d2929ee37849b8231ae115fe528e21a1b739cb687e10fd?s=96&d=mm&r=x\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe6c4803fd1cd91725d2929ee37849b8231ae115fe528e21a1b739cb687e10fd?s=96&d=mm&r=x\",\"caption\":\"Scott Di Natale\"},\"description\":\"With 30+ years in Material Handling and Capital Equipment, Scott helps businesses navigate their equipment needs with expert guidance, practical advice, and proven solutions. Scott now lends his professional voice to helping others navigate their materials handling needs.\",\"sameAs\":[\"https:\\\/\\\/iplantmachinery.com\\\/au\"],\"url\":\"https:\\\/\\\/iplantmachinery.com\\\/au\\\/author\\\/sadfasdf34ds\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Choose The Right Forklift Finance For Your Business - iPlantmachinery.com","description":"Learn how to choose the right forklift finance for business. getting your finance right is just as important as choosing the forklift.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/","og_locale":"en_US","og_type":"article","og_title":"How to Choose The Right Forklift Finance For Your Business - iPlantmachinery.com","og_description":"Learn how to choose the right forklift finance for business. getting your finance right is just as important as choosing the forklift.","og_url":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/","og_site_name":"iPlantmachinery.com","article_publisher":"https:\/\/www.facebook.com\/iplantmachinery","article_published_time":"2023-06-10T23:00:32+00:00","article_modified_time":"2023-07-31T01:47:06+00:00","og_image":[{"width":395,"height":395,"url":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/06\/2500-kg-forklift.jpg","type":"image\/jpeg"}],"author":"Scott Di Natale","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Scott Di Natale","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#article","isPartOf":{"@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/"},"author":{"name":"Scott Di Natale","@id":"https:\/\/iplantmachinery.com\/au\/#\/schema\/person\/c5f18850ae61902e155d153b8ffc34c9"},"headline":"How to Choose The Right Forklift Finance For Your Business","datePublished":"2023-06-10T23:00:32+00:00","dateModified":"2023-07-31T01:47:06+00:00","mainEntityOfPage":{"@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/"},"wordCount":461,"commentCount":0,"publisher":{"@id":"https:\/\/iplantmachinery.com\/au\/#organization"},"image":{"@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/06\/2500-kg-forklift.jpg","keywords":["Forklift Finance","Forklifts"],"articleSection":["Finance","Forklifts"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/iplantmachinery.com\/au\/forklift-finance\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/","url":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/","name":"How to Choose The Right Forklift Finance For Your Business - iPlantmachinery.com","isPartOf":{"@id":"https:\/\/iplantmachinery.com\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#primaryimage"},"image":{"@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#primaryimage"},"thumbnailUrl":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/06\/2500-kg-forklift.jpg","datePublished":"2023-06-10T23:00:32+00:00","dateModified":"2023-07-31T01:47:06+00:00","description":"Learn how to choose the right forklift finance for business. getting your finance right is just as important as choosing the forklift.","breadcrumb":{"@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/iplantmachinery.com\/au\/forklift-finance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#primaryimage","url":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/06\/2500-kg-forklift.jpg","contentUrl":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/06\/2500-kg-forklift.jpg","width":395,"height":395,"caption":"Forklift Finance"},{"@type":"BreadcrumbList","@id":"https:\/\/iplantmachinery.com\/au\/forklift-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/iplantmachinery.com\/au\/"},{"@type":"ListItem","position":2,"name":"How to Choose The Right Forklift Finance For Your Business"}]},{"@type":"WebSite","@id":"https:\/\/iplantmachinery.com\/au\/#website","url":"https:\/\/iplantmachinery.com\/au\/","name":"Iplantmachinery.com","description":"","publisher":{"@id":"https:\/\/iplantmachinery.com\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/iplantmachinery.com\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/iplantmachinery.com\/au\/#organization","name":"iPlantmachinery","url":"https:\/\/iplantmachinery.com\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/iplantmachinery.com\/au\/#\/schema\/logo\/image\/","url":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/05\/iPlantMachinery-copy.png","contentUrl":"https:\/\/iplantmachinery.com\/au\/wp-content\/uploads\/2023\/05\/iPlantMachinery-copy.png","width":350,"height":90,"caption":"iPlantmachinery"},"image":{"@id":"https:\/\/iplantmachinery.com\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/iplantmachinery"]},{"@type":"Person","@id":"https:\/\/iplantmachinery.com\/au\/#\/schema\/person\/c5f18850ae61902e155d153b8ffc34c9","name":"Scott Di Natale","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fe6c4803fd1cd91725d2929ee37849b8231ae115fe528e21a1b739cb687e10fd?s=96&d=mm&r=x","url":"https:\/\/secure.gravatar.com\/avatar\/fe6c4803fd1cd91725d2929ee37849b8231ae115fe528e21a1b739cb687e10fd?s=96&d=mm&r=x","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe6c4803fd1cd91725d2929ee37849b8231ae115fe528e21a1b739cb687e10fd?s=96&d=mm&r=x","caption":"Scott Di Natale"},"description":"With 30+ years in Material Handling and Capital Equipment, Scott helps businesses navigate their equipment needs with expert guidance, practical advice, and proven solutions. Scott now lends his professional voice to helping others navigate their materials handling needs.","sameAs":["https:\/\/iplantmachinery.com\/au"],"url":"https:\/\/iplantmachinery.com\/au\/author\/sadfasdf34ds\/"}]}},"_links":{"self":[{"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/posts\/2731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/comments?post=2731"}],"version-history":[{"count":0,"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/posts\/2731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/media\/2732"}],"wp:attachment":[{"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/media?parent=2731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/categories?post=2731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iplantmachinery.com\/au\/wp-json\/wp\/v2\/tags?post=2731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}