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Should I Lease or Rent?
For some businesses, renting material handling equipment makes more sense than buying it outright.
If you are after a forklift to rent for one day, or for up to five years, Toyota Material Handling (TMH) has a rental / lease solution for you. TMH offers an extensive range of forklifts and warehouse equipment available with either short or long term rental / lease options. Maximise flexibility with our fleet rental/management programmes - your fleet can change to match your needs.
With rental, you know and control your forklift budget in advance and optimise operating costs by adjusting your fleet size to the minimum number of units needed. And you can adapt your forklift fleet to sudden peaks in demand, based on unforeseen circumstances.
TMH offers a complete range of forklift rental plans.
TMH's rental agreements are tailor made to your specific requirements. Long Term rentals give you all the benefits of use with none of the risks of ownership. Short term rental solutions can help your react immediately to a situation with a predicted cost. Other benefits include a single point of contact and simplified fleet management.
Our rental programme is backed by the strength and flexibility of our branch network. Whether you need short, medium or long-term rental, we are your partner for cost-effective, peace-of-mind solutions.
One of the most important benefits of forklift hire is flexibility. We understand the changing needs of business. You can grow your forklift fleet as your business expands, as well as, add short term capacity to overcome seasonal peaks in activity.
So whatever your forklift rental needs, contact your local TMH representative.
Finance Options Available
TMH is your source for short-term and long-term forklift rentals; we offer flexible lease and finance options to qualified customers through Toyota Financial Services (TFS) for added value. TFS has a proud history of being one of Australia’s leading vehicle financiers.
Forklift Finance Made Easy
Traditionally, purchasing a forklift was the only way. Some people still prefer buying a forklift outright – paying cash on delivery. However, now there is a range of finance options available.
Rentals
For many people, a straight-forward rental agreement from the TMH branch is often the most cost-effective way to acquire a forklift.
Essentially, you pay a rental fee for an agreed term. Once the rental agreement ends, you have no ongoing obligations. Your local branch simply takes the forklift back.
Benefits
- Minimal capital outlay – usually just monthly payments
- Flexible terms
- Access to the most up-to-date forklifts
- Offers the advantage of using a forklift for peak periods instead of long term financial commitment
- All scheduled service and maintenance may be included in the monthly rate
What Finance Options do TFS Offer?
TFS offers a comprehensive range of solutions for the financing of TMH forklifts. Simply speak to your local dealer who can provide you with further information and assist you in establishing the finance package that suits you best.
TFS recommends that customers consult with their professional taxation and financial advisers to determine the taxation and financial treatment of their preferred finance option. All finance applications are subject to TFS’ credit approval criteria.
More and more businesses are choosing the lease option when acquiring a forklift. Leasing offers a variety of arrangements, time frames and payment methods. A Finance Lease is an equipment rental arrangement with lease payments generally being fully tax deductible. It allows you (the lessee) to select the equipment of choice and use it as though they were the owner. This requires the lessee to take care of routine servicing, maintenance, registration and insurance.
Terms are negotiable within a range of 12 to 60 months. At the end of the term, the lessee can offer to purchase the forklift or hand it back.
The lessee is also responsible for the residual value by way of an indemnity.
Benefits
- Security of fixed payments and interest rates
- Preserves working capital – funds can be invested in other parts of the
business - Tax efficient – lease payments are generally tax deductible.
Business Vehicle Loan
A Business Vehicle Loan is a flexible and tax effective means of financing a forklift. Under a Business Vehicle Loan your business owns the forklift and TFS takes a mortgage over it.
You can choose to structure your loan over a 12 – 60 month term and incorporate a final balloon payment to match your monthly payments with your cash flow requirements. Interest is calculated daily and extra repayments can reduce the loan period and interest payable.
Benefits
- No GST on repayments
- The forklift is an asset of your business
- Payments can be structured to suit your business requirements.
- Depreciation allowances may be claimed.
Term Purchase
A Term Purchase represents the ideal choice if a company seeks to own their material handling equipment at the end of the repayment term. That is, the ownership of the equipment passes to the customer upon payment of the final instalment.
The arrangement can be structured either to be fully amortised over the term, or payments can be set by structuring a “balloon” payment as a final instalment. It is structured to preserve business capital whilst paying for the equipment from generated income.
For tax and accounting purposes, the operator is treated as the owner – i.e. ‘on-balance sheet financing’. Interest rates are fixed for the term, which is negotiable within a range of 12 to 60 months. This option best suits those who aim to eventually own their equipment.
Benefits
- Unit is shown as an asset on the balance sheet.
- Depreciation allowances may be claimed.
- Interest can be offset against taxable income.
