For anyone determine whether to buy used or new lift truck, it is a very big decision when confronted with the purchasing cycle. The best thing to do is to figure out the application requirements for the lift truck, when trying to decide between the two options. For example, know the kind of machinery which is required, how long you intend to keep it and the number of hours per year or per week you will utilize it.
Usually, a higher priced forklift will hold its value longer over time. It is good to know that a lower priced new forklift may not have the overall reliability, capability or value 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 brand new model, specially if you would have a high-duty cycle. A high-duty cycle means moving many loads per hour that are near or at the capacity truck.
However, if you expect to use your lift truck for less than 4 hours per day or on an irregular basis, than buying an inexpensive brand new unit or a second-hand forklift might be the best alternative. Some of the newer models are available at lower costs that are made for lower-duty cycles. As well, if you think that you will expect to use the forklift only during particular times of year on a seasonal basis, then a used lift truck or a rental program might best available alternative and could possibly save you a lot of money.
It is essential 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 needed for your particular application.