When does it make sense to purchase a used forklift?
- Companies and managers purchasing used forklifts will find that reconditioned lifts make better fiscal sense in many cases depending on usage. If you are using the truck no more than 5 hours a day – 5 days a week and are not in a high usage environment like a Distribution Center a used forklift could be a better option.
- If you are using your truck a full shift or two shifts per day per week a new lift may be more cost effective than a used unit.
How to Buy a Used Truck
Determine what model forklift you need. Forklifts vary by model, application and how they will be used. If you have a previously owned forklift, determine what you like and don’t like about the lift.
- How much weight does it need lift? Always purchase a lift which can handle at least the maximum load of your product to the top of your system.
- What is the maximum height your load needs to reach? A good rule of thumb is to purchase a unit which will lift a minimum of 9” above your top load beam. This will allow ease of lift off from the top height.
- Will the forklift be used indoors or outdoors? Typically electric lifts are used indoors and propane or internal combustion lifts are typically used outdoors.
- Ask if extended warranties are available. This is a good way to control your costs on future maintenance and/or repairs.
Rent vs. Purchase
There are a number of reasons to rent rather than purchase below is some key factors.
- Seasonality – you have a peak season where you need additional equipment
- Inventory – you have a scheduled time where you inventory your stock.
- Expense – you have an expense budget but do not have capital acquisition dollars for additional equipment.
- Opportunity to use the model of equipment you are considering purchasing.