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Forklifts are an essential piece of equipment for moving heavy materials, yet, they can put a huge hole in your budget when you buy them new.

If you’re a professional who needs a forklift on-site, don’t overpay for a new forklift. Consider buying used!

Keep reading to learn more about pricing a used forklift.

Determining the Value of a Used Forklift

While used forklifts are a great option, it’s important to know that you’re getting a good deal.

Part of this is knowing the value of various used forklifts. Here are some factors that impact the pricing of a used forklift:

The Manufacturer of the Forklift

If a used forklift is from a well-known and reputable brand, it’s going to cost a little more than its counterparts.

Since you’ll know that the forklift still has quite a long life, you’re getting a better deal than if you bought a less valuable forklift for less money.

The Forklift’s Power

Another factor that will impact how much you pay for a used forklift is the power of the forklift.

The higher the load capacity, the more expensive a used forklift will be. A higher capacity will allow more work to be done in less time, so naturally, the price will be a little bit higher.

In addition to load capacity, the lifting power will impact the value of the used forklift. Having a strong lift power is essential for professionals who are transporting large items. Since this feature makes the forklift more versatile, the price will be a bit higher.

If you’re in search of a forklift for smaller loads and items, you can get away with buying a less-expensive forklift with less power.

Type of Engine

For the most part, the type of engine your forklift has won’t make a huge impact on the value.

On the other hand, the type of engine will have an impact on how much the forklift costs over time. For example, a battery-powered forklift will cost less over time than a forklift that’s powered by diesel or gasoline.

While the battery may need to be replaced every so often, gas is more expensive over time.

Use of the Forklift

The number of times the previous owner used the forklift will also impact the value.

A forklift’s age is determined by the number of hours it has been used rather than the miles that have been used. When purchasing a used forklift, it’s important to look at how many hours it has been used as well as how many hours you plan on using it.

This will help you ensure that the forklift has enough time left for your investment to be worth it.

Are You Ready to Invest in a Used Forklift?

For the most part, a used forklift will be much more affordable than a new forklift.

If you need a forklift, consider buying used to save yourself some money while getting a great piece of equipment!

To buy a used forklift or trade-in yours, reach out to us today!

When at work, there’s nothing better than getting your job done efficiently.

While this can apply to all types of businesses, there are often tools you can use to streamline tasks. In some businesses, forklifts are useful in these situations.

Putting less strain on workers and giving them a tool to use for heavy lifting is a great way to improve efficiency. But which forklifts are best for your industry?

Read on to find out more about the different forklift types on the market and how they can work for you.

Forklift Types: What You Need to Know

Forklifts are commonly divided into classes. These classes have different types of forklifts depending on certain characteristics and purposes.

Here’s a little bit about each of the forklift classes.

Class I

Forklifts in Class I are electrically powered. You’ll find them used inside and they’re a popular choice in retail.

They have many different uses, but they’re a great addition to warehouses. They’re capable of turning sharp corners and of carrying large loads. This makes them the perfect choice for stores or warehouses who need to move lots of merchandise or food.

Class II

This class is also made up of electric-powered forklifts but they have different purposes.

Two great examples in this group are the order pickers and reach forklifts. They both have the same purpose, which is to grab things out of reach.

They are best used in situations where you have tall shelving for storage. This makes it easier to take things up and down off of them.

Another example of this class is the pivoting-mast forklift. It can rotate the mast to make turning easier.

Class III

Class III is an interesting one. It includes lifts that are electrically powered, or human-operated. Pallet jacks are part of this class as they can be operated manually or automatically.

This class is great for the grocery or retail industry. They’re capable of moving large pallets of merchandise that are transported. They can also be used for moving merchandise around or unloading deliveries.

Class IV

This class is all about the cushion tires. They’re a defining feature of the forklifts that are part of this group.

You’ll find these types of lifts indoors, and they have gas or diesel engines. They’re useful on loading docks and for unloading trucks at their destination. Another great feature of these forklifts is that they can have a large weight capacity.

Class V

While Class IV claims cushion tires, Class V is known for its pneumatic tires.

These are the types of forklifts you’ll find on a construction site or metal yard. They are great for transporting large objects and some are even capable of moving large containers.

Bonus: Class VII

The forklifts in this class are often found mounted on the back of trucks. They travel with the truck and do the loading/unloading at their destinations.

You might know them better as piggyback forklifts. These types of forklifts can also be installed on tractors. They’re used on farms for various tasks like lifting equipment or taking out hay.

What Forklift Types Are Right For You?

Forklifts are essential to many businesses. Whether you’re working with lumber or transporting food, they can make life much easier. Now that you know the different classes, you can choose the forklift types that suit your business best.

Are you looking to purchase a forklift? Check out our inventory to find the one that’s right for you!