Can You Afford a New Electric Pallet Truck?
Purchasing an electric pallet jack is a great way to increase efficiency in your warehouse. Hand pallet jacks do not work as well and are more likely to result in operator injury. There are many different ways to purchase new pallet jacks. Forklift financing can be arranged through your own bank or through a third party firm. Leasing a pallet jack has its benefits as you can obtain equipment without incurring a large upfront capital cost.
Leasing has the advantage of keeping the asset off your balance sheet while allowing you to pay for it through your monthly cash flow. Companies with over 3 million in revenue can usually obtain financing without a personal guarantee. If you're interested in financing your pallet truck, you may want to check the Dun & Bradstreet score in advance. You should do this before you formally apply for your loan, so that there are no surprises.
Electric pallet jacks will also increase your labor productivity in your warehouse which will help absorb some of the monthly expenses of your new pallet jack lease. The increased efficiency can help you maintain control over your labor budget while maximizing your inventory turnover.
New pallet jacks have the various safety features which were not available in previous versions. These advances can help prevent your fork lift from tipping over in unstable weight conditions. This safety feature alone is worth buying a new pallet jack. Accidents can easily result in deaths and inventory damaged due to forklift operator error. The amount of money you can potentially save from reducing inventory damage means your new pallet truck will pay itself back 10 times over.
When you are considering the purchase or acquisition of the pallet truck, you may also want to purchase a preventative maintenance plan as well. Keep in mind that many pallet jack parts will wear from normal daily usage. By factoring maintenance in advance you can steadily ease your cash flow with a predictable maintenance schedule on your forklift.
