Pros and Cons of Used Forklifts

June 2, 2020 10:46 pm Published by Leave your thoughts

Companies rely on material handling equipment to streamline deliveries, restock inventory and rearrange warehouse space quickly and efficiently. Unfortunately, it isn’t always easy to choose between the wide variety of forklifts on the market and pick the one that is best for your needs. One of the most important factors to consider is whether to invest in a new forklift or a used model. Keep reading to learn more about new vs. used forklifts and for some reasons to purchase used forklifts in Texas.

Used vs. new forklifts

Most business owners assume that new forklifts must be better than used forklifts, but this isn’t always the case. In fact, there are lots of different factors that contribute to the value of a forklift, and there are plenty of reasons why purchasing used forklifts in Texas might be right for your situation. Here are some of the differences between used and new forklifts:

  • Cost: The most significant difference between new and used forklifts is the cost. Used forklifts tend to be much less expensive than new forklifts. Even the exact same model and year number can be significantly less expensive when buying used instead of new. Purchasing a used forklift allows business owners to get more from their budget for material handling equipment.
  • Warranty: New forklifts typically come with warranties that cover parts and operating systems for at least a year, and sometimes for up to three years. These warranties cover the cost of repairs and part replacements if forklifts are damaged or faulty. Warranties give business owners added peace of mind knowing that their equipment is covered should something go wrong with it.
  • Convenience: Purchasing a new forklift often requires a lengthy financing process with lots of paperwork and multiple steps. Because of the higher cost associated with new forklifts, you might need to get financing through a bank or credit union to cover your purchase, which requires approval that can take several business days. Even after getting approval for your financing, there is lots of paperwork to sign and lengthy terms to agree to before receiving your equipment. Buying a used forklift is often much more convenient. There is less paperwork, financing isn’t usually necessary and delivery is quick and simple.
  • Performance: While new forklifts typically offer better performance and extended lifespans, the cost of a new forklift doesn’t always pay off in the long run. If you’re planning on using your forklift for just a few hours a day, a used forklift is probably a more economical choice. Make sure to get as much information as possible about a used forklift’s maintenance history and condition to give you the best picture of how it will perform in the long run.

Used and new forklifts

If you’re looking for high-quality material handling equipment for your business, look no further than V-Bar Equipment Company. We’ve been providing quality material handling equipment, training and services for over 25 years. Whether you’re wondering about reasons to purchase a new or used forklift in Texas or you need safety training for your employees, our team is here to help. Give us a call today to find out more about how we can assist you.

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