Forklift Truck Purchase: New vs Used - Which is Right for Your Business?

Purchasing a forklift truck for your business is a significant decision that requires careful consideration. It is important to assess your business requirements, the load capacity, and the number of hours the machine will be required to work before making a purchase. Both new and used forklift trucks have their advantages and disadvantages, and it is essential to weigh them up carefully to save time and money in the long run.

To ensure that the truck you purchase meets your working requirements, consider the load capacity, operating environment, and usage hours. Some dealers provide specification sheets that enable you to identify your needs regarding the above factors. Requesting a demonstration of the forklift's suitability is critical, whether you're buying a new or used forklift truck. If you are unsure or new to using a forklift truck, consider hiring one before making a purchase to ensure that you have selected the right machine for the job.

The number of hours that the truck will be used for is another crucial aspect to consider. If you require a forklift to operate for approximately 40 hours or more per week, it may be worth purchasing a new forklift if your budget allows. Obtain a range of quotes from local and national companies to find the best deal available. Different companies have varying stocks available, and some may have ex-stock at lower prices than newly imported models. Look out for companies that offer good warranty terms and check what they cover. You may also be able to obtain a lease-purchase agreement to spread the cost of the machine. Keep in mind that a new forklift truck begins to depreciate immediately, so only purchase if you are sure that you will require the machine for the long term.

For those seeking a more cost-effective option, purchasing a used forklift truck may be the solution. Look for reputable dealers concerned with sourcing the right machines for your needs and offer various financing options. If the machine is used in a busy role, consider a lease purchase with additional maintenance coverage at an extra cost to minimize downtime or a hire contract that includes maintenance. Check with your local dealer or search online to get started. Once you have identified the right forklift for your needs, ensure you know what to look for when viewing the machine or take an engineer with you to inspect it.