Used Forklift Buyers Guide
We seem to be all too familiar with stories of forklift equipment purchases gone wrong, which leads to owners left with down time and money pits of parts and equipment.
Before purchasing a used lift – evaluate it!
From following the guide below, you will likely end up with a piece of equipment that you can depend on!
First start by determining what your needs are vs. your wants or whether concrete floors or outdoors on gravel? What size lift can your warehouse handle? – Look at aisle widths! If you are looking at purchasing electric, do you have the type of charging station needed? (single phase or 3 phase)
Budget and Price Expectations
“You get what you pay for” rings true when purchasing a forklift just as it does when purchasing a car. Generally, the higher the capacity the higher the price. Electrics are typically more expensive than the internal combustion lifts and pneumatics are usually even higher. Dealers will sometimes invest more money into the rehabilitation of a forklift, which can be things like cosmetic facelift, simple service, or complete tear down and rebuild. It’s important to ask what a price includes – some brands keep their value better than others due to quality, manufacturing and engineering.
Know your seller! Knowing who you’re purchasing from is important in deterring the quality and validity of the information regarding the forklift sale. Equipment dealers usually have the most general forklift knowledge or service history of the equipment. The Lilly Company performs routine maintenance and occasionally rehabilitate the lift before the sale.
Here are a couple questions to ask when purchasing equipment…
- How many hours are on this machine and what type of application did it work in?
- Do you have the service history of this forklift?
- Were there any recalls or campaigns issued for this piece of equipment and if so, have those repairs been completed?
- When the lift will only be in use for a few hours per day. Generally speaking, no more than 5 days per week or 5 hours per day.
- Single shift operation
- Not part of a heavy duty, nonstop environment.
- When adding an additional unit as back up
- When funds are limited
- When you need a good unit now
- Most can still be financed and/or leased including FMV residual leases
- Nearly immediate delivery vs. long lead time on new units
- Some units still qualify for some or part of the original factory warranty
- “Extended” or “Certified” warranties are available from the manufacturer for many used units
- In many cases, there is little difference between the “remaining life” of a used lift vs. a new lift
Contact The Lilly Company for any of your used lift needs!