Forklift prices vary depending on equipment type, brand, dealer, and more. You’ll need a basic understanding of how these prices work before you buy. This will help you determine whether or not you’re getting a good deal.
Unfortunately, that’s easier said than done. Not only is comparing forklift prices time-consuming, but it can be nearly impossible depending on who you buy from. Some dealers aren’t upfront about their pricing. These sellers won’t disclose their new or used forklift prices until they’ve practically sold you on the equipment.
If you don’t want to waste hours calling sellers and visiting websites, you’re in the right place. Industrial Forklift Truck is your free solution to answering the question, “How much is a forklift?” We have everything you need for a forklift price comparison.
Get transparent information about average forklift prices. Then, discover how Industrial Forklift Truck can help you perform a more detailed forklift price comparison.
How Much is a Forklift?
Buying a forklift is a long-term investment. That’s why it is important to pick the right equipment. It’s also important to find a great price. Purchasing a forklift that fits your budget is just as important as purchasing one that fits your needs.
There are many different options out there. Getting a forklift price comparison upfront will help you make the smartest decision for your operation.
New Forklift Prices
So, how much is a forklift? For brand new equipment, the average forklift cost falls between $20,000 and $50,000. The amount you’ll pay depends heavily on what forklift capacity you’re looking for. The higher the forklift capacity, the higher the forklift cost.
When considering load capacity and lift height, make a decision based on maximum load capacity. Many buyers are tempted to select a forklift that fits their average load capacity, but keep in mind that your equipment will last a long time. Loads will likely get heavier, while lift height typically remains constant.
Forklift capacity also varies with forklift classification. The type of forklift, power source, tires, and safety features of the equipment will have a direct effect on the forklift cost.
For instance, electric forklifts cost more than internal combustion (IC) forklifts. Pneumatic tire forklifts cost more than cushion tire forklifts. Forklifts with better safety features cost more than those without.
Regardless, a smart buyer should make a decision based on the long-term cost of ownership. Be sure to factor lifetime fees into the upfront forklift cost. For instance, the yearly maintenance costs of an electric forklift are typically around $500, while an IC forklift is $1,500.
Also, while pneumatic tires are more expensive, they’re stronger and tougher. You’ll need to spend the extra money if you plan to operate outside. On the same note, you don’t want to skimp on safety features, regardless of the forklift price. OSHA requirements are no joke. If you operate outside of those requirements, you’ll get hit with hefty fines.
Sometimes, spending more money on the upfront forklift cost is necessary for saving money in the long run.
Used Forklift Prices
If you want to immediately reduce upfront costs, consider used equipment. Buying used can cut forklift prices in half. A new electric forklift is anywhere from $15,000 to $25,000, with an additional $2,000 to $5,000 for the battery and charger. On the other hand, a used electric forklift typically costs between $5,000 and $10,000.
Of course, purchasing pre-owned equipment comes with risks. If the machine you choose needs expensive repairs just a few months after you buy it, your initial savings on the upfront used forklift price are irrelevant. That’s why it’s important to buy from trustworthy sellers.
Be sure to assess the equipment before you commit. Make sure the forklift is in good condition, and check its history to find out where and how it was used. Did it undergo any major repairs? Is it over 5 years old? Was it stored outside in cold or humid weather?
If the equipment checks out, you could benefit from a great used forklift price. Want to save money without all of the work? Industrial Forklift Truck carries a full inventory of refurbished equipment from pre-screened dealers.
Find affordable used forklift prices on used equipment you can trust. Industrial Forklift Truck offers a huge range of used forklifts for sale that are in great condition, guaranteed.
How to Find the Best Deal
Find the best deal by comparing pricing and information on all of your options. With all of the information in front of you, you’ll be able to pinpoint the best overall value based on initial price, associated costs, and reliability.
Industrial Forklift Truck is a free forklift price comparison tool designed to give you transparent information on all of your options. Simply let us know what you’re looking for and we’ll send you pricing and specs on a variety of industry-leading forklifts that meet your needs.
Choosing the right forklift is critical to maintaining productivity, efficiency, and safety. Instantly compare forklifts for sale from wherever you are. Start your forklift price comparison today with Industrial Forklift Truck.