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Buying a Forklift: What You Need To Know


Buying a Forklift: What You Need To Know

Do you need to add a forklift to your business’s operation but aren’t sure what to look for? Don’t worry, we can help! We’ll explain what you need to know about buying a forklift, from new versus used models to buying versus renting.

First, List What You Need

Before you look at any listings for forklift models or go to a supplier for their selection, you should list what you need from your new forklift. How will you use the forklift in your operation? How often will you use it? Where will you use it? Next, set a budget for your forklift expenditure to narrow your choices and make manageable purchases.

New vs. Used

Consider whether you want a brand-new machine or a used one. Each option has inherent advantages: used forklifts will be cheaper upfront, but new ones will last longer and are less likely to break down.

Think about how and how often you’ll use the forklift. If the forklift will be a critical juncture of daily operations, you probably don’t want something that could easily malfunction. However, if you plan to use the equipment sparingly, saving a few dollars with a used model is probably worth it.

Indoors vs. Outdoor

Another key factor to consider when purchasing a forklift for your operation is where you or your team will operate it. Three forklift categories include indoor, outdoor, and all-terrain. Indoor forklifts are typically electric, relatively small, and better for maneuvering indoors, like in warehouses.

Consider the many benefits of choosing an all-terrain forklift if you plan on using it outdoors—they’re more durable and bigger than indoor models. Again, think about the primary uses for your forklift in order to determine the best model.

Buying vs. Renting

Forklift operators and buyers need to know the difference between buying and renting a forklift. Owning or renting a forklift has similar benefits to buying or leasing a car. If you rent, you’ll pay less upfront and the supplier will be responsible for maintenance and repairs—less for you to worry about!

However, you can end up paying more in the long run for monthly fees than if you were to buy the machinery. Buying a forklift makes it an asset for your company, but you’ll be on the hook for maintenance and repairs, requiring more investment in replacement parts and repair time.

We hope our guide helps make shopping and purchasing a forklift for your operations much easier. Remember that it’s important to know what you need from a forklift to determine which model is ideal for you.

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