New Forklift Price

New Forklift Price: When you are purchasing a piece of equipment, you obtain competitive quotes, verify specifications and generate a purchase order. For that matter, just about anything we purchase goes through the same process.

However, there is much more to purchasing forklifts and other material handling equipment. We have found, over the years, that often there are variables that can greatly affect the total cost of ownership of anything, be it an automobile, forklift or a giant cargo container.

New Forklift Price
New Forklift Price

Brand new forklift price

New-forklift Price: – There are a few general rules to be aware of when assessing the price of a forklift. Forklifts are an important investment for any business. Therefore, it is integral to be aware of what you are paying for, from upfront costs to servicing and the overall cost of ownership.

The price you pay for your piece of equipment, by most accounts, reflects about 10% of the total ownership costs of that piece of equipment. This leaves 90% of your total costs up in the air.

As there is such a wide range of quality and extras that can come with particular forklifts, it is hard to determine the right price. This blog will provide you with key rules to help guide you in your decision.

The higher the operating capacity and lift height, the more expensive the forklift will be.

New Forklift Price
New Forklift Price

New forklift cost

Depending on many variables, you could pay much more for the equipment than you needed to, or much less. These variables include:

New-forklift Price:

Performance forklift

Performance and Reliability of Equipment: Comparing cost per hour to operate can give you a good idea of what competing pieces of equipment will cost you over their useful life. When comparing cost per hour to operate, you should be sure you’re comparing similar models under similar circumstances.

A lift truck operating 1500 hours a year for a lightweight product manufacturer will cost far less over its lifetime than the same lift truck operating at a recycling facility. This cost should reflect general maintenance requirements as well as fuel costs.

Forklift lifting capacity

The higher the operating capacity and lift height, the more expensive the forklift will be.

  • Operating capacity is how much weight a forklift can safely handle. The most common weight is 1.5, 2.5 and 4-tonne models, and these often fall in the $15,000 – $30,000 price range for a new model.
  • As you look toward higher capacities, prices increase sharply. It is important to note, that knowing the typical dimensions and weight of your loads will allow you to work with sellers to determine the exact capacity you need.

Forklift load capacity

If your load capacity varies, you may want to purchase a forklift with more capacity than you need currently to make sure it gets the job done now and in the future.

For this reason, it is important to do your homework and look for a forklift that has retained capacities. There are certain forklifts, which can perform the same functions as a larger unit but are a smaller capacity unit, this will save you on cost.

If you require your forklift to reach excessive heights, such as 20 feet or above, you will move into a more expensive pricing bracket. However, unlike load capacity, your height needs are unlikely to change over time (barring new construction or major renovations). Therefore, it is best to buy for the height you need now.

Forklift fuel consumption

While this is often a part of performance and cost per hour, knowing the fuel costs for each comparing brand and calculating total costs over the life of the equipment can sometimes be quite an eye-opener.

In addition, what are your fuel alternatives? Can you use electric models? Thinking outside the box may result in lower costs to power your forklift and other lift equipment.

Top forklift brands

Top-tier brands are more expensive than less well-known brands, but their technology advantages enable greater productivity and reliability.

New Forklift Price: Top-tier brands will have more upfront costs involved in their purchase.

However, that extra cost gives you a forklift that is more productive, and reliable. It will also provide better tolerance of harsh environments, boast a lower cost of ownership and will provide you with access to a more established dealer network for service, parts, and accessories.

These added benefits will save you time and money in the end. If the forklift is an integral part of your operation, it is worth investing in a reputable brand name machine.

Forklift fork dimensions and specifications

It is rare that two 5,000-lb-capacity forklifts from competing brands will have similar specifications. Knowing what your facility will accommodate and comparing that with each model will give you insight into how each model will perform, given your operating parameters.

Factors include aisle width vs. turn radius, drawbar pull, suspension and ergonomics compared to your floor condition, indoor/outdoor use and ceiling height/rack height vs. max lift height.

You will also want to compare features between brands to ensure that each lift truck model is equipped with the proper components to meet your operational requirements.

For example: Can it operate properly inside your ice cream freezer?

Electric vs propane forklift

Electric forklifts are generally more expensive upfront than internal combustion forklifts with identical specifications:

Electric forklifts are more expensive to purchase than their internal combustion (IC) counterparts. This is because there are more upfront costs involved, such as multiple battery packs per forklift, battery rechargers, battery swapping equipment, battery-charging space, and battery swapping personnel.

Electric forklifts do offer significant advantages for some situations. Unlike IC forklifts, electric forklifts do not emit odor. In addition, they are environmentally friendly, quieter and offer a lower cost of ownership in the long run.

New Forklift Price
New Forklift Price

Forklift useful life years

Finally, how many hours can you expect from each piece of equipment until the cost to operate becomes cost-prohibitive? This can vary widely depending upon brand and model.

But having some qualitative and quantitative information on hand, if possible, will help you make a better decision about the total cost of operating each unit/model.

There are many factors beyond the price tag or lease rate that can help you make good decisions about the equipment you purchase. Having a partner that listens, evaluates and fulfills your needs is essential in building a fleet that is most productive and less costly in the long run.

New Forklift Price
New Forklift Price

New Forklift Price

How much does it cost to lease a forklift?

The cost of leasing can depend on a number of variables, including the cost of the machine. For example, you can expect to pay about $600 per month to lease a forklift with a value of $25,000, or in the vicinity of $1,100 per month for a $50,000 machine.

How much does a standard forklift cost?

Generally, the more weight a forklift can handle (operating capacity), the more a forklift will cost. A standard capacity forklift will cost between $15,000 and $25,000. A 10,000 lb capacity forklift will cost between $30,000 and $45,000 while a 35,000 lb capacity forklift with cost up to $100,000.

The most read

Forklift Parts name

Forklifts are designed to last, but like any other machinery, forklift parts are susceptible to wear and tear. To keep your lift trucks running and your employees safe, high-quality forklift parts and accessories are essential.

More on this story

Forklift Purchase

If you’re in the forklift market for the first time, have returned to the market after a long absence, or just need to go back to the basics, understanding where to start in buying a new forklift can seem like a complex process.