Rental

Rental enables businesses to reduce capital outlay and focus on strategic areas of their business

As the digital economy continues to disrupt industries at rapid speed, businesses are actively seeking to streamline their operations to become lean and agile. In this fast-changing environment, the concept of renting instead of buying is favourable for many business set-ups. People are looking for worry-free solutions for their material handling needs. Warehousing and logistics companies have started to move away from the norm of owning their equipment and are shifting to solution providers who will take away the responsibility of maintenance, stock keeping for spare parts, and technician employment.

To help enable this transformation, leading material handling company, MHE expands our equipment rental services in the region to allow companies to focus their capital and talent on business growth opportunities.

No Capital Investment Required

Purchasing brand new equipment is extremely expensive and can make a huge impact on businesses’ cash flow. Moreover, purchasing equipment is a long-term investment that ties you down to particular equipment and technology. Renting or leasing equipment avoids the upfront costs associated with purchasing and allows businesses to better allocate their financial resources.

Less Maintenance and Repair Costs

When you own equipment, you have to consider the cost of maintenance and repair. All equipment requires significant upkeep and maintenance in order to operate safely and at an optimal level. Although maintenance and repair are still important for rental equipment, costs will be significantly lowered compared to purchased equipment.

When renting equipment from MHE, you do not have to worry about the maintenance and repair of an equipment for its entire lifecycle. We remove this stress from your already busy schedule and allow you to focus on other aspects of your business.

No Depreciation Costs

Owning an equipment comes with considerable depreciation costs. Reselling equipment, and maintaining it as long as possible, require quite a large investment on top of your upfront purchase cost. As value continues to depreciate, it makes it more difficult to recover the cost of your initial investment. Renting addresses this concern and avoids losses associated with cost depreciation.

Meeting Project Based Demand

If your requirement of equipment is tied to a project, then going rental would be ideal. The rental period matches the project timeline, and it relieves your company from the risks of the project being put on hold or even cancelled due to excessive start-up costs that exceed budgets. Secondly, you can generate savings while paying lower monthly rental. On top of that, rental equipment tends to be newer, more modern and efficient to give you the greatest productivity.

For short-term projects, renting gives you the flexibility required for the provisional period that the equipment is needed. This temporary solution does not impose the kind of responsibility that comes along with ownership, e.g. long-term maintenance requirement, saving you from extended housekeeping tasks and other routine services. MHE offers warranty and technical support so you are getting all the benefits of ownership without the disadvantages associated with long-term upkeep.

Customer Support from the Largest Service Network

When a piece of equipment breaks down, you have to sort it the repair and associated costs. If you choose to hire an item instead, MHE will be on hand to provide the backup and ensure the equipment is up and running again as swiftly as possible, as part of the rental agreement. Having the largest service network in the region with more than 700 service engineers and technician, and 300 service vehicles, we offer great convenience and peace of mind for many businesses.

Latest Equipment Technology

Besides improved cash flow and lower business risks, renting also provides businesses with access to the latest equipment technology, which will have significant business impact by enhancing worker productivity and increasing per-hour profitability on the work site. It is a cost-effective way to avoid equipment obsolescence and to add more efficient and emissions-compliant machines to their businesses.

Product Testing

Before making a full investment in a piece of equipment, renting gives you the ability to perform your own product trial, at a pace that suits you, in your own production facility to ensure the equipment of your choice performs to your expectation. You can also use this opportunity to access MHE’s products and services.

Meeting Needs during Peak Season

When there is a surge in production or when businesses are running late in schedules, rental is an ideal solution to support the existing equipment fleet and ease the demand accordingly.

Risk Management

Market is dynamic and many things may influence the prospective of a business. Rising or sinking costs of equipment or the number of jobs available are not within your control. Equipment rental cushions your company from any unpredictable financial downturns. Rather than committing to a piece of equipment, leasing allows flexibility that makes it easier to handle the rise and fall of market forces.

Technical Competency

Service engineers and technicians in MHE are trained by the best in the industry based on structured modules that suit to their technical competency level. Our first-of-its-kind regional training center is well equipped with material handling products and parts that are fully functional. Our trainers with more than 25 years of experience conduct 20 to 25 trainings or workshops annually based on professionally designed modules, which cover topics such as lift trucks, building maintenance units (gondola), dock levellers, safety, etc.