When confronted with the purchasing cycle, it is a huge decision for anyone to choose whether to purchase used or brand new. When it comes to purchasing a lift truck and trying to decide between the two options, the best thing to do is figure out the application needs for the lift truck. For instance, know the kind of machinery that is required, how long you plan to keep it and how many hours per year or per week you will utilize it.
Higher priced forklifts will normally hold its value over time. It is good to know that a lower priced brand new forklift may not have the overall dependability, ability or value of a second-hand unit of an expensive type.
When considering a purchase of a brand new or used lift truck, there are 3 aspects that you must 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 better that you buy a brand new unit, especially if you would have a high-duty cycle. A high-duty cycle means moving numerous loads per hour that are near or at the capacity truck.
Nonetheless, if you expect to use your forklift for less than 4 hours a day or on an irregular basis, than buying an inexpensive new model or a second-hand forklift might be the right alternative. Some of the newer units are available at lower costs which are manufactured for lower-duty cycles. Moreover, if you think that you will expect to use the forklift just during specific times of year on a seasonal basis, then a rental program or a second-hand lift truck may best alternative available and could possibly save you a lot of money.
It is important to anticipate if the forklift is going to be in nearly constant use or not. This will mean knowing the amount of uptime and dependability required for your particular application.