New Forklift vs Old Forklift vs Forklift Rental


We've all experienced the dilemma of deciding on a new car or used model when those times roll around. With forklifts, there are still those two choices, plus the added option of renting the equipment. So how does one decide? Just like all decisions, this one has to be made with all specific details considered. How, when, where and for how long will the new forklift, used forklift, or rental forklift be used? Once you have that criteria ironed out, the decision can become rather obvious. For our purposes here, let's look at the top 3 benefits within each of the 3 categories:

Top 3 Benefits of Buying a New Forklift

  1. If your business will have consistent use for it, you can invest in just the right one for your needs.

    Making the decision to purchase a new forklift takes some planning and a lot of foresight. If you know your business will have continual need for it, and you know just the make and model of what your projects call for, then ownership offers a big benefit over renting.

  2. The lower cost of ownership over time will save you money.

    While buying a new forklift typically comes with a higher upfront cost than a used one, or renting, it will usually prove less expensive in the long run, especially if you get a lot of work out of the forklift over its lifetime.

  3. You'll enjoy the improvements and higher technology of the new forklifts.

    Thanks to ever improving technology, new forklift models are equipped to handle longer hours at a more efficient pace than older or used models. And new forklifts also come with a warranty that is usually between 12 and 36 months.

The Top 3 Benefits of Buying a Used Forklift

  1. You'll save about 50% on a used forklift.

    Naturally, new forklifts are more expensive than used ones. So, if your budget limitations prevent the purchase of a new one, then certainly looking into the less expensive used forklifts is a great option.

  2. If its been lightly used and well maintained, a pre-owned forklift can be a great investment.

    If you're looking at a used forklift that's only been indoors on a smooth concrete floor, it may have much less wear and tear than one that's worked outside or on uneven terrain. Buying used may also provide you with a wider choice of options and models.

  3. If you have only moderate, occasional work for your forklift, used may be just the thing.

    If you will be using your forklift only moderately, say fifteen hours a week or less, then the substantial savings of a used forklift may be too good to pass up. The potential for maintenance costs will be significantly lower with minimal use as well.

The Top 3 Benefits of Renting a Forklift

  1. You'll save a significant amount of money by renting a forklift.

    Renting a forklift can save you a good chunk of money, and prevent the need to secure a bank loan for ownership. Forklift rental simply supersedes the need to put out a large amount of money that your business may not have readily available.

  2. Try forklift rental if you’re unsure about the kind of forklift that's right for your applications.

    Renting a forklift gives you a nice trial run with the equipment. You might rent several different kinds to see which model works best. Renting gives you the flexibility to test before you invest.

  3. Renting is the ideal option when you only need a forklift for a short period of time.

    If you know you’ll only need to use a forklift for a limited time, renting a forklift will obviously be the way to go. Small or temporary projects are perfect examples for when forklift rental is so convenient and affordable.