When confronted with the purchasing cycle, it is a huge decision for anybody to determine whether to purchase used or brand new. In terms of buying a lift truck and trying to decide between the two options, the best thing to do is figure out the application requirements for the lift truck. For instance, figure out the kind of machine that is needed, how long you intend to keep it and the number of hours per year or per week you will use it.
Higher priced forklifts will normally hold its value over time. It is good to know that an inexpensive brand new forklift might not have the overall dependability, ability or value of a second-hand unit of a higher priced kind.
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 at least 4 hours a day, it is better that you purchase a new model, particularly if you would have a high-duty cycle. A high-duty cycle means moving lots of loads per hour that are near or at the capacity truck.
If you just need your lift truck for around 4 hours a day or on an irregular basis, a lower cost brand new unit or used lift truck may be optimal. Several of the newer models are available at lower costs that are manufactured for lower-duty cycles. What's more, if you think that you would expect to utilize the forklift only during specific times of year on a seasonal basis, then a used lift truck or a rental program might best option available and can possibly save you lots of money.
It is vital to know whether the equipment will be always used. This would mean determining the amount of uptime and dependability needed for your particular application.