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When planning to rent equipment for your upcoming project, one of the most critical considerations is the cost of the equipment rental required to finish your tasks. In Singapore, the most popular choice for equipment rental tends to be a scissor lift, which enables workers to access higher areas or perform tasks that would otherwise be impossible. Scissor lifts are among the most commonly rented pieces of machinery globally.
What Are Reasonable Rental Rates for Scissor Lifts?
The cost of renting a scissor lift can vary significantly depending on the country and specific specifications. Traditionally, finding the best rental rates involves extensive research, numerous calls, emails, clarifications, and negotiations, which can take up a lot of time without necessarily guaranteeing the best deal.
To give you a clearer understanding of what to expect regarding scissor lift rental prices in the Singapore market, we’ve outlined some common factors that influence the cost. To make a more informed decision when renting from suppliers in Singapore, it’s essential to be aware of these factors. Here are seven key aspects to consider when estimating costs:
Read: How to Select the Right Scissor Lift for Your Project
What Factors Impact the Cost of Renting a Scissor Lift?
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When estimating the cost of renting a scissor lift, there are several factors to keep in mind. These elements can significantly affect the final price you’ll end up paying. Let’s explore them in detail:
1. Size
Scissor lifts are typically chosen based on their maximum platform height. The higher the scissor lift can reach, the larger the machine, and consequently, the more expensive the rental price.
Even within the same platform height, scissor lifts may have varying maximum load capacities. The greater the loading capacity, the higher the price as well. It’s important to note that the price listed above does not include delivery costs, which can vary depending on the delivery location.
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Source: Zoomlion Scissor Lift Catalogue
2. Type
Scissor lifts can also be categorized into two main types: electric-driven and diesel-driven. Interestingly, diesel-driven scissor lifts, which are designed for outdoor use, are less common than electric ones. Due to their rarity and specialized design, diesel scissor lifts or rough terrain scissor lifts tend to be more expensive than their electric counterparts.
3. Brand
Some brands of scissor lifts may be pricier to rent compared to others that are less popular. American and European brands, for instance, often charge higher rental fees compared to brands like those from China. However, the technology behind some of the less well-known brands has improved dramatically over the years, narrowing the gap in rental rates significantly today.
4. Duration
Knowing your exact timeline in advance can prevent you from paying for unused days or needing to extend your rental period later. Generally, the longer the rental period, the lower the daily rate. Short-term rentals, such as daily or weekly rentals, are usually more expensive. For example, a 6-meter electric scissor lift might cost around S$300-400 for a one-week rental, but S$200-300 for a day rental, compared to just S$500 for a month-long rental.
Read Also: Five Common Scissor Lift Hazards You Shouldn’t Ignore
5. Delivery Location
The cost of renting a scissor lift can vary greatly depending on the project's location due to delivery fees. In Singapore, delivery fees are relatively standardized since it's a small country. However, in larger countries like Malaysia or Indonesia, delivery fees can become a significant cost factor. Sourcing the rental of your preferred equipment from the nearest rental company can help reduce your rental costs.
6. Market Conditions
Of course, scissor lift rental rates also fluctuate based on market supply and demand. Prices can change throughout the year depending on the state of the rental market. Rental costs tend to be higher when scissor lifts are in high demand and lower when there are fewer active development projects.
7. Equipment Insurance
Did you know that 99% of equipment rentals in Singapore, Malaysia, and across Southeast Asia are not covered by equipment all-risk insurance during the rental period to protect users from accidents? The reason is that there isn’t an insurance product available to cover users against equipment damage or loss for short-term rentals lasting from one day to less than a year. The underwriting process can take weeks, making it nearly impossible to purchase such insurance. Therefore, it’s crucial to rent your equipment with insurance to mitigate your risk exposure. Any accident could lead to a substantial financial impact on your equipment project budget.
If you manage to rent a scissor lift with coverage of Equipment All Risk, even if the rate is slightly higher, you should seriously consider it as the risk exposure could be far greater than anticipated!
One way to secure Equipment All Risk coverage is to rent your equipment through a reliable online rental platform like Antbuildz.com. Every piece of equipment reserved through the platform is automatically covered with Equipment All Risk insurance, protecting your equipment damage risk up to $30,000. Best of all, it’s completely free!
Rent High-Quality Scissor Lifts at Lower Costs!
These are some of the factors that can influence your scissor lift rental rates. Understanding these factors well can help you find the best quality scissor lift at the lowest possible cost to fit your project budget. We realize this could be a time-consuming task if you’re doing all the sourcing alone.
Do it smartly! Instead of contacting each supplier individually, search, compare, and rent your scissor lift in just a few clicks using Antbuildz.com, the largest online equipment rental platform in Southeast Asia!
Need to Rent Equipment? Check the Rental Rate Instantly Now!
Are you looking to rent equipment or a vehicle? Get the best rental rates by visiting Antbuildz.com today! Whether it’s for a single day or several months, every equipment rental made on Antbuildz.com is covered by the Antbuildz Protection Plan, providing up to S$15,000 in first-loss coverage. Yes, it’s absolutely free!
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