When it comes to running a warehouse or handling materials, forklifts are essential. While new forklifts may seem like the obvious choice, used forklifts offer many benefits that can make a big difference for your business. Here are ten reasons why buying used forklifts is a smart decision.

Key Takeaways

Used forklifts are much cheaper than new ones, helping you save money right away.
You can get a used forklift quickly, avoiding long wait times for new models.
Used forklifts don't lose value as fast as new ones, making them a better investment over time.
Buying used forklifts is good for the environment since it extends the life of the equipment.
There are many different types of used forklifts available, so you can find one that fits your needs.

1. Cost Savings

One of the most compelling reasons to buy used forklifts is the substantial cost savings. New forklifts come with a high price tag, which can strain your budget. Used forklifts, on the other hand, are much more affordable, allowing you to allocate financial resources to other critical areas of your business.

By opting for used forklifts, much of the initial depreciation has already occurred, which means that your investment is less likely to lose value as rapidly as a new purchase would. This mitigates the potential financial hit that depreciation can cause and helps maintain the asset’s value over time.

2. Immediate Availability

When it comes to business operations, time is often of the essence. Waiting for a new forklift to be manufactured, delivered, and set up can cause delays and disrupt your workflow. Used forklifts are readily available, allowing you to meet your material handling needs right away.

This quick access can be especially useful during busy seasons or when you face unexpected increases in demand. By choosing used forklifts, you can avoid the long wait times associated with new equipment and keep your operations running smoothly.

3. Reduced Depreciation

Forklifts, like most heavy machinery, lose value quickly in their first few years. By buying a used forklift, you avoid this steep drop in value. This means your investment holds its value better over time, giving you a more cost-effective solution.

Used forklifts have already gone through the initial depreciation.
Your investment is less likely to lose value as rapidly as a new purchase would.
This helps maintain the asset’s value over time.

Choosing used forklifts can be a smart financial move, as it mitigates the potential financial hit that depreciation can cause.

4. Proven Reliability

When you buy a used forklift, you get a machine that has already shown it can handle real work. A well-maintained used forklift can be just as reliable as a new one . Dealerships often refurbish and thoroughly inspect their used inventory, ensuring that the equipment is in good working condition. This means you can trust a used forklift to get the job done.

Used forklifts have already been tested in real-world conditions. This experience means they are ready to tackle your business's material handling needs efficiently. You don't have to worry about initial issues or kinks because they have already been worked out during previous usage.

Real-world experience: Used forklifts have proven their reliability through previous usage.
Thorough inspections: Dealerships refurbish and inspect used forklifts to ensure they are in good working condition.
Ready to work: These machines are ready to handle your business's needs without the initial problems new forklifts might have.

A well-maintained used forklift can be just as reliable as a new one. Dealerships often refurbish and thoroughly inspect their used inventory, ensuring that the equipment is in good working condition.

5. Sustainability

Choosing used forklifts is a smart move for businesses aiming to be more eco-friendly. Opting for used forklifts aligns with sustainability goals by extending the lifespan of existing equipment. This decision helps reduce the demand for new manufacturing, which in turn conserves resources and minimizes the carbon footprint associated with production.

Additionally, buying used forklifts means fewer machines end up in landfills, contributing to less waste. This choice supports a circular economy, where products are reused and recycled, promoting environmental preservation.

By extending the life of forklifts, businesses can make a positive impact on the environment while also benefiting from cost savings. This approach not only helps the planet but also aligns with the growing trend of corporate social responsibility.

In summary, purchasing used forklifts is a win-win situation. It supports sustainability efforts and provides practical benefits for businesses.

6. Lower Insurance Costs

Insuring used forklifts is generally more affordable than insuring new ones. Lower insurance premiums translate to ongoing cost savings, making used forklifts a more economical option over the long term.

Lower insurance costs contribute to a more favorable cost structure and positively impact the bottom line. The potential risks associated with purchasing used forklifts have decreased over the years due to advancements in equipment inspection, certification processes, and quality assurance standards.

Reputable dealers and sellers often thoroughly inspect and refurbish used forklifts before offering them for sale. As a result, businesses can be more confident in the quality and reliability of the equipment they acquire.

7. Diverse Selection

When you decide to buy a used forklift, you open the door to a wide range of options. This means you can find the perfect machine that fits your specific needs and budget. Whether you need a compact forklift for tight spaces or a heavy-duty one for larger loads, the choices are plentiful.

Used forklifts come in various types, including:

Electric Forklifts: Ideal for indoor use due to their quiet operation and zero emissions.
Counterbalance Forklifts: Designed to balance the weight of the load, making them stable and reliable.
3-Wheel Forklifts: Perfect for maneuvering in narrow spaces.
Forklift Stackers: Great for lifting and storing items on high shelves.

With so many options available, you can easily find a forklift that matches your specific requirements and enhances your operational efficiency.

Additionally, buying used forklifts allows you to choose from different brands and models, ensuring you get the best value for your money. This diverse selection makes it easier to find a forklift that not only meets your needs but also fits your budget.

8. Faster Return on Investment

When you buy a used forklift, you spend less money upfront. This means you can get your money back faster compared to buying a new one. The lower initial cost helps your business see the benefits sooner.

Used forklifts are often ready to use right away. This means you can start working with them immediately, which helps you make money faster. You don't have to wait for new equipment to arrive.

Buying used forklifts also means you can avoid the steep drop in value that new forklifts face. This helps your investment hold its value better over time.

With less money spent at the start, the time it takes for the benefits to cover the cost is shorter. This allows businesses to enjoy the advantages of their investment more quickly.

9. Flexibility in Financing

When it comes to buying used forklifts, one of the standout benefits is the flexibility in financing options available. Many dealers offer a variety of financing solutions that can be tailored to fit your budget and financial needs.

Lease-to-Own Agreements

Lease-to-own agreements are a popular choice for businesses looking to acquire used forklifts. This option allows you to lease the equipment for a specified period, with the opportunity to purchase it at the end of the lease term. This can be a cost-effective way to eventually own the forklift without a large upfront investment.

Rental Plans

For those who need forklifts on a short-term basis, rental plans are an excellent option. These plans provide the flexibility to rent the equipment for as long as needed, without the commitment of a long-term purchase. This is particularly useful for businesses with fluctuating demand or seasonal needs.

10. Enhanced Operational Efficiency

Buying used forklifts can significantly enhance operational efficiency in various ways. These machines are often already broken in, meaning they are ready to work at full capacity right away. This can lead to immediate improvements in your workflow.

Used forklifts can also be more reliable because they have a proven track record. You know what to expect in terms of performance and maintenance needs. This reliability can reduce unexpected downtime and keep your operations running smoothly.

Additionally, having a fleet of used forklifts allows for greater flexibility. You can easily scale your operations up or down based on demand without a huge financial commitment. This adaptability is crucial for businesses facing fluctuating operational requirements.

In many cases, businesses might already have trained personnel familiar with specific models of used forklifts. Acquiring similar used models ensures that employees can seamlessly transition to using the equipment without the need for extensive retraining.

Lastly, used forklifts often come with lower insurance costs, which can further enhance your operational efficiency by reducing overhead expenses.

Conclusion

In conclusion, buying used forklifts can be a smart move for many businesses. The cost savings alone make it a worthwhile consideration, freeing up funds for other important areas. Plus, the immediate availability of used forklifts means you can keep your operations running smoothly without waiting for new equipment. Used forklifts also come with a proven track record, giving you confidence in their reliability. Additionally, choosing used equipment is a more sustainable option, helping to reduce waste and support environmental goals. With lower insurance costs and a wide variety of models to choose from, used forklifts offer flexibility and efficiency. Overall, the benefits of purchasing used forklifts can greatly enhance your business's productivity and financial health.

Frequently Asked Questions

Are used forklifts reliable?

Yes, used forklifts can be very reliable, especially if they come with detailed maintenance and usage records. These records help you understand the forklift's history and ensure you make an informed purchase.

How much can I save by buying a used forklift?

You can save between 25% to 40% compared to the cost of a new forklift, depending on the condition and model of the used forklift.

Is it easy to find parts for used forklifts?

For most models, finding parts is relatively easy, especially if you buy from reputable dealers who offer support and maintenance services.

Do used forklifts come with a warranty?

Many reputable dealers offer warranties on used forklifts. Make sure to ask about warranty options when purchasing.

Can I get financing for a used forklift?

Yes, many dealers offer flexible financing options for used forklifts, including lease-to-own agreements and rental plans.

What are the insurance costs for used forklifts?

Insurance for used forklifts is generally cheaper than for new ones, which helps you save on ongoing operational costs.

10 reasons why you should buy used forklifts