What Determines the Price of a Forklift?

You might be on the hunt for a new forklift, a replacement forklift or an additional forklift thanks to increased demand, but no matter what you’re purchasing a forklift for, you might be wondering why the prices of them differ so greatly. This is because there are a number of different factors involved, much like when it comes to the price of a car. For example, the age of a forklift or the amount of hours it has done will affect the price, similarly to car mileage. But there are other things at play as well, and we’ll be going through those in this article:

1. The capacity of the forklift

The higher a forklift mast will go and the greater the weight capacity of a forklift, the more it will cost if you wanted to purchase one. You will need to assess your individual needs for your own warehouse before making a decision about which forklift to buy. This is because you don’t want to spend more money on a forklift that can reach greater heights if you don’t need it. If you’ve got a budget that you’re wanting to stick to, then make sure you’re prepared before you go shopping for a new forklift.

2. The forklift manufacturer

Despite common belief, there’s no one forklift manufacturer out there. There are many different forklift manufacturers on the market and each one of them will have different price points for their machines. The forklift dealer, also, will base their prices on the quality of manufacture, as well as the parts and components that are present on the forklift.

Just like with car manufacturers, some forklift manufacturers are more reliable than others, so make sure you do some research on which ones will be best for you. The forklift brands we have available here at Multy Lift are trusted and produce high-calibre machines that will stand the test of time. The manufacturers we’re proud to stock include, but is not limited to, the following:

• Aisle-Master
• Mitsubishi
• CombiLift
• JCB
• Caterpillar
• Doosan
• Komatsu
• Linde
• Toyota

3. The fuel type

How your forklift is powered will affect the price also. Depending on the power or performance that the fuel gives the forklift, you could end up paying more than you want for a reliable forklift. Generally, warehouse owners will opt for electric forklift models or forklifts that are powered by LPG.

This is because they’re incredibly versatile and can be used either outside or indoors. Where diesel-powered machines are more powerful, they’re mostly reserved for outdoor use. Think carefully about the setting in which you’re going to be using your forklift and compare the prices accordingly.

4. The amount of features it has

Just like when it comes to purchasing a car, the more features it has available the more the machine will cost you. You need to determine what you need for your warehouse before making your purchase. Ask yourself whether your employees or your operations would benefit from any of the features that are available on the forklift you’re considering. Does the forklift you’re looking for offer more than what you need, and does it have the price to match? Think about whether or not it’s worth the investment.

5. Additional forklift accessories

If a forklift has a number of different attachments available, more so if it’s a brand new machine, then the forklift dealer will often offer these additions to you for an extra fee. It’s up to you about whether or not you consider them to be a worthwhile investment. Before you go and purchase either a new or used forklift, make sure you know and understand exactly what you need that will only benefit your business. You don’t want to buy a variety of attachments for your forklift that you will only use one or two times, if at all. Some of the most common forklift attachments that are on the market include, but are not limited to, the following:

• Single-doubles
• Side shifters
• Layer pickers
• Carton clamps

6. Whether the forklift is new or used

Naturally, if a forklift is for sale that is second-hand, then it will cost less than a brand new forklift model, much like when it comes to new and used cars. If you’re looking for new or used forklifts at a reasonable price, but also want peace of mind that you’re purchasing high-quality machines, then look no further than us here at Multy Lift. We have a wide range of new and second-hand forklifts available, including those of different fuel types, sizes, capacities and manufacturers.

Multy Lift has over thirty years’ of experience in the material handling industry. We have a team of dedicated, professional experts who will always be on hand to deliver an exceptional service and provide you with equipment that will stand the test of time, whether you’re looking for new or used warehouse equipment. For further information about our new or second-hand forklifts, or to discuss the other material handling machines we have on offer, get in touch with a member of our friendly team today – we’re always pleased to hear from you.