3 Factors to Consider

Rent or Own: Which Way?

When you need a quality yard ramp or loading dock for your business, we’re confident we’ll work smoothly with you to find the right equipment for your requirements.

Alongside confirming the exact specifications, your choice of a purchase or a rental often factors into your decision-making.

Industrial yard ramps are big, in two key ways. Physically, they require a lot of real estate and, well, they weigh a ton (or two or three+ tons). Financially, while our prices are competitive, the equipment will cost much more than a pair of work boots.

So, buy or rent?

Here are three factors to consider when deciding:

1. Kicking the Tires
If you’re in need of moving inventory in a more streamlined way yet aren’t fully committed to the cost or want to gauge the efficiency, renting a forklift ramp is an excellent approach. You’ll have the luxury of evaluating the equipment’s worth to your team while paying a reasonable monthly rate. And if you decide to add the ramp permanently to your inventory, we’ll gladly discuss converting that rental into a purchase. (Attention stationary dock ramp shoppers: no tires; please don’t kick; it’ll hurt your foot.)

2. Seasonality
At first glance, if your business model involves moving inventory at select times of the year (i.e., harvest time, holiday production), a rental might make more economic sense: why keep a yard ramp on the lot permanently when you need it only for two months?

That said, keep in mind other factors: year-over-year, the cost of rental plus the cost of freight and loading and off-loading the yard ramp itself might exceed the cost of purchase. The Yard Ramp Guy team will walk with you through these scenarios, toward helping you make the better decision.

3. Cost
A new yard ramp typically costs between $9,000 and $15,000, depending on specifications. Our quality used inventory currently ranges from $6,500 to $12,000. If those ranges are not within existing budget, a rental might prove to be the smarter strategy.

With that in mind, we proudly offer yard ramp financing options. You gain immediate use of the equipment, a payment plan, and the ability to take the Section 179 tax deduction.

We have deep experience with all of these scenarios, and we’re here to clarify. We thank you for the opportunity to earn your business.

This week, our man McCoy Fields concludes his fascinating three-part series on language. And if he tells us he speaks elephant, well, we’re likely to believe him.

Check out McCoy’s great insights HERE.