When confronted with the purchasing cycle, it is a huge decision for anybody to choose whether to purchase used or new. In terms of purchasing a forklift and trying to choose between the two options, the best thing to do is figure out the application needs for the lift truck. Like for example, know the kind of equipment which is required, how long you intend to keep it and how many hours per year or per week you would utilize it.
Normally, an expensive forklift would hold its value longer over time. It is good to know that an inexpensive new forklift might not have the overall value, dependability and capability of a second-hand unit of a higher priced type.
When considering a purchase of a brand new or second-hand lift truck, there are 3 aspects that you must take heed of: seasonality, utilization and duty cycle. If you are thinking of using your lift truck for 4 or more hours a day, it is recommended that you purchase a new model, specially if you would have a high-duty cycle. A high-duty cycle means moving numerous loads per hour that are at or near the capacity truck.
Nevertheless, if you expect to use your forklift for less than 4 hours a day or on an irregular basis, than buying an inexpensive new unit or a second-hand forklift may be the best alternative. Several of the newer units are available at lower costs that are manufactured for lower-duty cycles. What's more, if you think that you will expect to utilize the forklift only during specific times of year on a seasonal basis, then a used lift truck or a rental program might best choice available and could possibly save you a lot of money.
It is vital to anticipate if the forklift is going to be always used or not. This would mean knowing the amount of uptime and dependability needed for your particular application.