When confronted with the purchasing cycle, it is a big decision for anyone to determine whether to purchase used or brand new. When it comes to buying a lift truck and trying to choose between the two options, the best thing to do is know the application needs for the lift truck. Like for instance, know the kind of machinery which is needed, how long you intend to keep it and how many hours per year or per week you would use it.
Higher priced forklifts would normally hold its value over time. It is good to remember that an inexpensive new forklift may not have the overall value, dependability and ability of a second-hand unit of an expensive model.
When considering a purchase of a brand new or used lift truck, there are 3 aspects that you should take heed of: seasonality, utilization and duty cycle. If you are thinking of utilizing your lift truck for 4 or more hours a day, it is recommended that you purchase a new unit, particularly if you will have a high-duty cycle. A high-duty cycle means moving many loads per hour that are at or near the capacity truck.
If you just need your lift truck for about 4 hours per day or on an intermittent basis, an inexpensive new unit or second-hand forklift might be optimal. Some of the newer models are available at lower costs that are manufactured for lower-duty cycles. Moreover, if you think that you will expect to utilize the forklift only during particular times of year on a seasonal basis, then a used lift truck or a rental program may best choice available and could potentially save you lots of money.
It is vital to know whether the machinery will be always used. This will mean determining the amount of uptime and dependability required for your certain application.