Website design By BotEap.comA precise and meaningful parallel can be drawn between forklift prices and car prices. Variations in forklift prices depend on several factors, such as the make, technology, and overall reliability. First-class forklifts are expensive, but they also guarantee a longer lifespan, and greater overall durability and efficiency. Price variations, just like with cars, also depend on geographic location, dealerships, local regulations, and the condition of the machine.

Website design By BotEap.comTo compare prices, you would have to look at at least three different retailers. Let’s take the industry standard forklift: the 5,000 lb. New electric forklifts in this category can sell for an average of $20,000, with a maximum of $25,000. A few thousand extra dollars will be spent on a charger and batteries. The other options are the internal combustion forklift models, which are also close in price to their electric peers. While prices for internal combustion types start at around $15,000, you may also end up paying twice as much depending on the model type and accompanying accessories. Prices go up with the heavier and more powerful models. You’ll pay $30,000-$45,000 for a 10,000lb combustion forklift and over $100,000 for the top end – 35,000+lb forklift.

Website design By BotEap.comIf you don’t want to spend as much on a new forklift or just can’t afford one, you can opt for a used model that will sell for about half the price of a new one. Used 5,000 pound forklifts that cost $25,000 new can be bought used for $11,000 to $12,000. However, when determining your investment costs, also try to find out another important element: your operating costs per hour. If the forklift is used daily for a few hours, you may see a high operating cost per hour due to breakdowns and maintenance time. When calculating operating costs, include the following items: fuel cost, additional supplies like filters and oil, maintenance time, and downtime.

Website design By BotEap.comSince the initial investment in a forklift is so high, many investors prefer to rent the vehicle. With most dealers you will find some type of financing option, either directly from the manufacturer or through local banks and financial institutions. You can also try a long-term rental, usually for a period of more than a year, in which you will have to pay a monthly payment. This last option has more benefits for short-term projects or for contractors, since the lower monthly fee and included maintenance can generate a good profit. You can also get different service plans to go along with your purchase. Comprehensive maintenance plans will take care of any problems you may encounter with the forklift, a very useful option if you’re buying a used machine from a dealer.