A forklift is a powered industrial truck which allows you to lift, move and drop materials over distances.
If you work in a warehouse or distribution centre, you’re probably surrounded by forklifts and using them as an integral part of your day-to-day job. Construction, recycling and waste industries are just a few examples of the diverse working environments that forklifts are used in. However, replacing forklifts which are outdated or defective can be complicated and tedious. The first question you find yourself asking is: Should I buy a new forklift, or a used forklift?
New VS Used
1. New forklifts are generally capable of operating for longer periods of time, whereas used forklifts are more appropriate for occasional use in short periods. As expected, new forklifts are significantly more expensive. However, in the long run purchasing a new model is the most cost-effective option in the long run (when all other factors are taken into account).
2. Generally, used forklifts can be up to 50% cheaper than new models. This is counteracted with the ‘wear and tear’ costs you are likely to encounter with a used model. Similarly to buying a used car, it is important to view reports of previous maintenance issues and also consider how long/frequently it has been used for with its previous owner(s).
3. You are safe in the knowledge that new forklifts have genuine parts, whereas used forklifts may have been remedied with unknown parts and maintenance, which can pose significant danger and also further trouble down the line.
4. Used forklifts are not usually the latest models and therefore you will probably have to forgo more modern features that you want. Purchasing a new forklift means you can purchase exactly what you want, in line with meeting the needs of your business.
5. You will pay the set price when purchasing a new forklift, whereas used forklift prices are usually negotiable.
Remember, if you are going to purchase a used forklift, make sure that it has received Thorough Examination which was carried out independently. A warranty period and also a money back guarantee is also recommended. Safety is of the utmost importance when buying a forklift, weigh up the advantages and disadvantages and seek further advice on which option is best for you.
New forklift or used forklift, you decide!
