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Forklifts are essential for warehouses and various material handling operations. But new ones come with a hefty price tag. That's where the world of used forklifts beckons! This guide dives deep into navigating this market, exploring the pros and cons of buying used, helping you choose the ideal equipment for your needs, and providing crucial tips on spotting reputable dealers and thoroughly inspecting a used forklift before you buy. Click on the following sections to learn more and to make a smart, cost-effective investment.
In the Market for Used Forklifts?
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Electric:
Electric forklifts are ideal for indoor applications. The offer quieter operation, and lower emissions. Consider charging capabilities and battery life. Lead-acid battery electric forklifts will require more maintenance than lithium-ion battery forklifts. Gas/Propane: Gas or propane powered forklifts are generally more powerful than electric forklifts and are better suited for outdoor use or heavy lifting. They are, however, noisier and require proper ventilation. Consider fuel efficiency and availability when making your choice. |
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What Lifting Capacity Do You Need?
Don't underestimate! Always choose a forklift with a capacity exceeding your heaviest loads. You should also factor in the weight of the pallet along with the materials themselves when determining your capacity needs.
Don't underestimate! Always choose a forklift with a capacity exceeding your heaviest loads. You should also factor in the weight of the pallet along with the materials themselves when determining your capacity needs.
What Is Your Maximum Lifting Height?
How high will you need to stack materials? Measure your highest storage rack and add a safety buffer for maneuverability.
How high will you need to stack materials? Measure your highest storage rack and add a safety buffer for maneuverability.
What Is Your Workspace Size?
Do you have tight aisles? Consider a narrow-aisle forklift with a smaller turning radius. Standard forklifts work best in open spaces.
Do you have tight aisles? Consider a narrow-aisle forklift with a smaller turning radius. Standard forklifts work best in open spaces.
Budgeting for the Long Haul
Factor in the upfront cost of the used forklift alongside potential future repairs and ongoing maintenance. While a lower initial price might seem tempting, prioritize models with a good service history to minimize unexpected expenses down the road.
By answering these questions, you'll paint a clear picture of your ideal used forklift. This focused approach will save you time and frustration in the search process, allowing you to find a machine that seamlessly integrates into your operation. Remember, compromising on functionality to fit a tight budget can lead to bigger problems (and costs) in the long run.
Factor in the upfront cost of the used forklift alongside potential future repairs and ongoing maintenance. While a lower initial price might seem tempting, prioritize models with a good service history to minimize unexpected expenses down the road.
By answering these questions, you'll paint a clear picture of your ideal used forklift. This focused approach will save you time and frustration in the search process, allowing you to find a machine that seamlessly integrates into your operation. Remember, compromising on functionality to fit a tight budget can lead to bigger problems (and costs) in the long run.
3. Reputable Dealers vs. Private Sellers
Many dealers will offer warranties on used forklifts.
Finding the right seller is just as important as finding the right used forklift. Here's a breakdown of the two main options:
Reputable Dealers:
Pros:
Peace of Mind:
Established dealers often perform thorough inspections and refurbishments on their used inventory, minimizing the risk of hidden problems.
Warranty Options:
Many dealers offer warranties on used forklifts, providing some coverage for repairs in case of unforeseen issues.
Financing and Support:
Dealers can assist you with financing options and offer you ongoing maintenance and support packages.
Selection and Expertise:
Reputable dealers typically have a wider variety of models and experienced staff who can guide you towards the perfect fit for your needs.
Cons:
Higher Price Point:
The extra services and assurances come at a cost. Used forklifts from dealers may be slightly more expensive than those from private sellers.
Reputable Dealers:
Pros:
Peace of Mind:
Established dealers often perform thorough inspections and refurbishments on their used inventory, minimizing the risk of hidden problems.
Warranty Options:
Many dealers offer warranties on used forklifts, providing some coverage for repairs in case of unforeseen issues.
Financing and Support:
Dealers can assist you with financing options and offer you ongoing maintenance and support packages.
Selection and Expertise:
Reputable dealers typically have a wider variety of models and experienced staff who can guide you towards the perfect fit for your needs.
Cons:
Higher Price Point:
The extra services and assurances come at a cost. Used forklifts from dealers may be slightly more expensive than those from private sellers.
Private Sellers:
Pros:
Pros:
You may get a lower price from a private seller.
Potentially Lower Price:
You might find a real steal by purchasing from a private seller, especialy if the seller is motivated and hasn't factored in refurbishment costs
.
Cons:
Buyer Beware:
The onus is entirely on you to thoroughly inspect the forklift and identify any potential problems.
Limited Warranties (or None):
Private sellers rarely offer warranties, leaving you responsible for all future repairs.
Unknown History:
Unless you know the seller personally, it's difficult to verify the forklift's maintenance history and overall condition.
Limited Selection:
Private sellers typically only have one or two forklifts available, restricting your options.
The Verdict:
The choice depends on your risk tolerance and budget. If you prioritize peace of mind and a wider selection, a reputable dealer is the way to go. However, if you're a savvy buyer with the expertise to inspect a forklift thoroughly, and you're comfortable with potentially lower upfront costs but higher repair risks, a private seller might be an option.
Remember:
Regardless of the seller, never skip a thorough inspection before finalizing any used forklift purchase.
You might find a real steal by purchasing from a private seller, especialy if the seller is motivated and hasn't factored in refurbishment costs
.
Cons:
Buyer Beware:
The onus is entirely on you to thoroughly inspect the forklift and identify any potential problems.
Limited Warranties (or None):
Private sellers rarely offer warranties, leaving you responsible for all future repairs.
Unknown History:
Unless you know the seller personally, it's difficult to verify the forklift's maintenance history and overall condition.
Limited Selection:
Private sellers typically only have one or two forklifts available, restricting your options.
The Verdict:
The choice depends on your risk tolerance and budget. If you prioritize peace of mind and a wider selection, a reputable dealer is the way to go. However, if you're a savvy buyer with the expertise to inspect a forklift thoroughly, and you're comfortable with potentially lower upfront costs but higher repair risks, a private seller might be an option.
Remember:
Regardless of the seller, never skip a thorough inspection before finalizing any used forklift purchase.
4. Inspecting a Used Forklift
Test out the forklift before you buy it.
o you've found a potential used forklift that seems to tick all your boxes. But before you hand over your hard-earned cash, a critical step remains: the inspection. This is your chance to uncover any hidden gremlins and ensure the forklift is truly up to the task. Here's what you should be looking for:
General Appearance:
Overall Condition:
Look for dents, cracks, rust, or leaks. Excessive wear and tear can be a sign of neglect or potential future problems.
Leaks:
Inspect the engine, hoses, and hydraulic cylinders for any leaks of oil, coolant, or hydraulic fluid. Leaks indicate potential component failure.
Performance Check:
Engine/Motor:
Start the engine and listen for any unusual noises, knocking, or excessive smoke (gas/propane). In electric models, check battery health and charging capabilities.
Hydraulics:
Operate the lift arms, tilt mechanism, and forks. Ensure smooth, controlled movement without hesitation or jerking.
Safety Features:
Test the brakes, horn, lights, seatbelt, and overhead guard. All safety features should be in proper working order.
Digging Deeper:
Service History:
Request maintenance records from the seller. Look for a history of regular servicing and address any red flags, like frequent repairs for the same issue.
General Appearance:
Overall Condition:
Look for dents, cracks, rust, or leaks. Excessive wear and tear can be a sign of neglect or potential future problems.
Leaks:
Inspect the engine, hoses, and hydraulic cylinders for any leaks of oil, coolant, or hydraulic fluid. Leaks indicate potential component failure.
Performance Check:
Engine/Motor:
Start the engine and listen for any unusual noises, knocking, or excessive smoke (gas/propane). In electric models, check battery health and charging capabilities.
Hydraulics:
Operate the lift arms, tilt mechanism, and forks. Ensure smooth, controlled movement without hesitation or jerking.
Safety Features:
Test the brakes, horn, lights, seatbelt, and overhead guard. All safety features should be in proper working order.
Digging Deeper:
Service History:
Request maintenance records from the seller. Look for a history of regular servicing and address any red flags, like frequent repairs for the same issue.
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Hour Meter Reading:
While not a definitive indicator of condition, a lower hour meter reading suggests less wear and tear on the engine/motor. Tires: Check the tread depth and overall condition of the tires. Look for signs of uneven wear, cracks, or bulges. |
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Bring in the Experts (Optional):
For added peace of mind, consider hiring a qualified forklift mechanic to perform a pre-purchase inspection. Their expertise can uncover hidden problems you might miss and provide valuable insights into the forklift's overall health.
Don't Be Afraid to Ask Questions:
A reputable seller should be transparent and answer any questions you have about the forklift's history, maintenance, and performance.
By following these inspection tips, you'll be well-equipped to evaluate a used forklift and make an informed decision. Remember, a thorough inspection can save you from costly repairs and ensure you get a reliable workhorse for your material handling needs.
5. Additional Considerations for Used Purchases
Research financing options that will suit your monthly budget.
While finding the right used forklift is key, there are a few additional factors to consider before finalizing your purchase:
Financing Options:
Not everyone has the budget to buy a used forklift outright. Explore financing options offered by lenders or even some dealerships. Factor in interest rates and repayment terms to ensure the monthly payments fit comfortably within your budget.
Delivery and Transportation Costs:
Getting your used forklift from the seller's location to yours can add unexpected costs. Factor in transportation fees, permitting requirements (if applicable), and any potential offloading assistance needed at your facility.
Parts Availability for the Model:
Replacement parts are essential for future maintenance and repairs. Research the availability and cost of parts for the specific used forklift model you're considering. Opting for a more common model can ensure easier access to parts and potentially lower costs in the long run.
By considering these additional points, you'll gain a more comprehensive picture of the true cost of owning a used forklift. Remember, the initial purchase price is just one piece of the puzzle. Factoring in financing, transportation, and parts availability will help you make a well-informed and financially responsible decision.
Financing Options:
Not everyone has the budget to buy a used forklift outright. Explore financing options offered by lenders or even some dealerships. Factor in interest rates and repayment terms to ensure the monthly payments fit comfortably within your budget.
Delivery and Transportation Costs:
Getting your used forklift from the seller's location to yours can add unexpected costs. Factor in transportation fees, permitting requirements (if applicable), and any potential offloading assistance needed at your facility.
Parts Availability for the Model:
Replacement parts are essential for future maintenance and repairs. Research the availability and cost of parts for the specific used forklift model you're considering. Opting for a more common model can ensure easier access to parts and potentially lower costs in the long run.
By considering these additional points, you'll gain a more comprehensive picture of the true cost of owning a used forklift. Remember, the initial purchase price is just one piece of the puzzle. Factoring in financing, transportation, and parts availability will help you make a well-informed and financially responsible decision.
Looking for Quality Used Forklifts? Contact Island Handling
Established in 1987, Island Handling Systems Inc. is your one-stop shop for all your material handling needs in Charlottetown, Prince Edward Island. We are a family owned business with over 44 years of combined expertise in the material handling industry,
Island Handling offers you a comprehensive selection of:
Our convenient location at 100 East Royalty Road offers you a showroom and parts department, while our second building onsite is a fully equipped service department and bulk storage to ensure they have what you need, when you need it.
Contact us today to get started.
Island Handling offers you a comprehensive selection of:
- Forklift parts
- Pallet jacks
- Strapping machines, and much more
Our convenient location at 100 East Royalty Road offers you a showroom and parts department, while our second building onsite is a fully equipped service department and bulk storage to ensure they have what you need, when you need it.
Contact us today to get started.
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