Frequently asked questions
1. What is warehouse equipment?
Warehouse equipment refers to tools and systems used in a warehouse to help with tasks like receiving goods, storing items, managing stock, moving products, processing orders, dispatching goods, and handling returns. There are two main types of warehouse equipment:
Manual Warehouse Equipment: This includes items like pallet racks, shelves, forklifts, and trolleys. These tools are operated by people and are used for tasks that require physical effort.
Automated Warehouse Equipment: This category includes machinery like conveyors, Autonomous Mobile Robots (AMRs), and Automated Storage and Retrieval Systems (ASRS). These machines can perform tasks without human intervention, improving efficiency.
2. What warehouse equipment do you need?
Choosing the right warehouse equipment can be overwhelming due to the wide variety available. To meet your operational requirements, consider factors like building constraints, storage needs, available labor, cash flow, and order volume. These factors determine the type and combination of equipment you need. We’ve partnered with Relog to ensure your requirements are met effectively.
3. Can I finance warehouse equipment?
Yes, you can finance your warehouse or material handling equipment, similar to other business equipment. Our financing options cover a wide range of material handling and warehouse gear, including racking, shelving, forklifts, and trolleys. Check our list of commonly leased warehouse equipment and view projects we’ve financed for other customers.
4. What is warehouse equipment finance?
Warehouse equipment finance involves using asset finance methods like leasing, hire purchase, or refinancing to obtain necessary warehousing equipment for business growth. By financing your equipment, you align expenses with income, avoiding the burden of upfront capital expenditure. A customized Lease Agreement not only stabilizes cash flow but also eliminates monthly administrative tasks associated with various vendors.
5. How does warehouse equipment financing work?
When a business needs new equipment for their warehouse, they can get help to pay for it. First, everyone talks and decides what equipment is needed. A partnership between Goler and Relog helps come up with different plans and ideas. They suggest different ways to solve the problem and even say how much it might cost. Then, Relog helps you choose the best plan and equipment that is right for your business. Once you know what you want, Goler makes a special money offer to help you pay for the equipment. This way, you can use the equipment without spending all your money at once. It’s like getting help to buy things you need for your warehouse!
6. Can anyone apply for warehouse equipment financing?
Yes, any business in any industry that needs to expand or improve its warehousing operations can apply for our tailor-made financing. We specialize in helping businesses get the equipment they need, whether they are big or small. If you need to make your warehouse better, we’re here to help you with the money you need.
7. What type of warehouse equipment can be financed?
We can help you finance a wide range of equipment needed for warehouses, like shelves, racks, forklifts, and more. Check out our list of commonly leased equipment and the projects we’ve helped other customers with.
8. Can I refinance my warehouse equipment?
Yes, you can refinance your warehouse equipment if it meets our requirements. These include ownership proof, equipment age, current condition, quality, original equipment manufacturer (OEM), and adherence to relevant regulations.
9. Why should you finance your warehouse equipment?
There are several benefits to financing your warehouse equipment:
Simplify cash flow: Financing aligns your monthly expenses with your income, preventing the need to spend a lot of capital in a short time.
Preserve capital: Instead of large upfront payments, use your capital for other business priorities like product development, new stores, or retaining top talent.
Stay competitive: Free up capital to keep up with customer demands and maintain a competitive edge.
Tax advantages: Financing your equipment can offer accounting and tax benefits compared to upfront purchases.
10. Can I finance the entire project?
While a few project elements might not be eligible for financing, they usually make up a small portion of the total project value. However, Goler offers the opportunity to finance a substantial part of your project. This includes conceptual and detailed designs, most warehouse equipment, installation, and ongoing maintenance and inspections.
11. Am I responsible for the maintenance of the financed equipment?
Ensuring the sustainability and longevity of your leased warehouse equipment is crucial. Regular equipment inspections and maintenance are essential. Your Lease Agreement will include quarterly or bi-annual inspections by approved maintenance teams and at least two annual visits from your dedicated Goler project principal. This helps:
Keep the leased equipment in good operational condition.
Confirm that the solution achieves its intended results.
Discuss potential improvements and developments.
12. What happens at the end of my lease agreement?
At the conclusion of your lease agreement, the outcome depends on the agreement type:
Lease-to-Own Agreement: The financed equipment becomes your property.
Refinancing Option: Equipment from a lease-to-own agreement can be refinanced at a reduced premium.
New Lease Agreement: You can agree on a new, reduced monthly premium lease.
Equipment Adjustments: Modify, extend, or replace the equipment to match your operational needs.
Equipment Removal: If no longer needed, the equipment can be completely removed.
13. What happens at the end of the financing term?
The outcomes at the end of your materials handling finance term depend on the type of term:
Minimum and Fixed-Term Financing: Return the equipment in line with agreement terms.
Hire Purchase Finance: You gain full ownership after making the final payment.
14. What is the relationship between Goler and Relog?
Goler partners with Relog, a renowned logistics and supply chain consulting company. This collaboration allows us to offer a tailored turnkey solution. We excel in creating efficient and sustainable logistics, and we provide flexible financing options that suit your needs.
