If you’re in the market for a new forklift, deciding between a used or new one can be challenging. Several important factors come into play when determining the right choice for your needs. In this article, we’ll discuss a few signs it’s time to replace your forklift, considerations to help you decide whether to buy a used or new forklift, and a few benefits of purchasing a new forklift for your operations. Here’s what you need to know:
Signs Your Business Needs a New ForkliftForklifts are essential equipment in many businesses, particularly in manufacturing and warehousing. They make moving and stacking heavy loads easier, saving time and increasing productivity. However, like any other equipment, forklifts will eventually need to be replaced. Here are a few signs a replacement is due:
- Frequent breakdowns: If your forklift requires frequent repairs and maintenance, it might be time to consider a replacement. Continual breakdowns can lead to downtime, affecting productivity and increasing repair costs. Investing in a new forklift is more cost-effective than continually repairing an old one.
- Age: Forklifts have a limited lifespan, typically ranging from 8 to 12 years depending on usage and maintenance. If your forklift is approaching or exceeding this age range, it’s likely time to replace it. An older forklift isn’t as efficient or reliable as a newer model, affecting productivity and safety.
- Increased maintenance costs: As forklifts age, they require more frequent and expensive maintenance. If the cost of maintenance and repairs is becoming too high, replacing the forklift might be more cost effective.
- Decreased efficiency: If your forklift is taking longer to complete tasks or struggling to lift loads, it’s worth considering a replacement. Newer forklift models are designed to handle heavier loads more efficiently.
- Safety concerns: Safety should always be a top priority in any business. If your forklift is compromising safety, like having difficulty stopping or starting, it’s time to replace it. Investing in a new forklift improves safety and prevents accidents in the workplace.
Should You Buy a Used or New Forklift?Now that we’ve run through a few signs, you might have decided the time is now to replace your current forklift. But do you look for used or new forklifts?
Your Work NeedsThe first consideration when buying a forklift is the scope of your work. Purchasing a new forklift is the best choice if you’re using machinery for heavy-duty applications and need maximum power, reliability, and efficiency. Newer models are designed for more demanding tasks, with features like advanced engines and transmission systems that deliver optimal performance. On the other hand, a used forklift is suitable for lighter jobs.
The Truck’s Service HistoryAnother critical factor to consider is the service history of the truck. A used forklift might have been previously owned by another business and had some maintenance issues that weren’t addressed properly, which could lead to performance problems. It’s important to thoroughly inspect used forklifts before buying them to be sure they won’t cause problems in the future. Newer forklifts usually come with a warranty covering any potential defects within a certain period, so you’ll have peace of mind knowing any minor problems will be covered.
UrgencyIf you need a truck immediately and don’t want to wait for an order from a manufacturer or supplier, buying a new one is your best option, as it’s often quicker than assessing the condition of used models.
The Cost: How Much Is a New Forklift?The cost of a new forklift is the biggest consideration. New forklifts tend to cost more than their used counterparts due to their improved performance and added features, but they also come with warranties, making them more attractive investments in the long run. The exact price tag on a new model depends on several factors like weight capacity and required attachments, but it typically ranges anywhere from $20,000–$80,000.
If you’re looking into purchasing a new forklift, check out this article that covers forklift service costs and budgeting.