When confronted with the purchasing cycle, it is a huge decision for anyone to choose whether to buy used or brand new. In terms of buying a forklift and trying to decide between the two options, the best thing to do is figure out the application requirements for the lift truck. For example, know the type of equipment that is required, how long you plan to keep it and the number of hours per week or per year you would utilize it.
Usually, a higher priced forklift will hold its value longer over time. It is good to remember that an inexpensive new lift truck might not have the overall capability, value or reliability of a used unit of an expensive model.
When considering a purchase of a new or used lift truck, there are 3 aspects which you should take heed of: utilization, duty cycle and seasonality. If you are thinking of using your lift truck for at least 4 hours per day, it is recommended that you purchase a new model, especially if you will have a high-duty cycle. A high-duty cycle means moving many loads per hour that are near or at the capacity truck.
If you only need your lift truck for approximately 4 hours per day or on an intermittent basis, a lower cost brand new unit or used lift truck might be optimal. Some of the newer models are available at lower costs which are made for lower-duty cycles. In addition, if you think that you would expect to use the forklift only during particular times of year on a seasonal basis, then a rental program or a used lift truck might best alternative available and could possibly save you lots of money.
It is essential to know whether the machine will be in constant use. This will mean knowing the amount of uptime and dependability required for your particular application.