There are many benefits to buying a new forklift over a used one. Peace of mind, reliability, and long-term durability are qualities that aren’t guaranteed with used lifts.
Used forklifts are cheaper upfront, but the maintenance costs required to preserve their lifespan quickly becomes an expensive investment. Because of these maintenance costs, buying a new lift is best for businesses that expect to use it for more than 4 hours per day.
To help you budget for your lift, we’ve made this new forklift price sheet. Use it to find the types of forklifts you need and the estimated prices for lifts in that category.
Ready to learn more? Keep reading.
Standard Forklift Cost ($25,000-45,000)
Standard forklifts are the most common lift type and use either electric, gas, or diesel motors. They’re best for loading and unloading trucks or moving pallets with even loads. On average, these lifts cost between $25,000 and $45,000 depending on weight capacity and engine type.
Side Loader Price ($25,000-75,000)
Side loaders are the ideal lift for moving unbalanced loads through tight warehouse aisles. Lifts with a lower weight limit run as low as $25,000. Side loaders that handle larger capacities for heavy-duty jobs run upwards of $75,000 or more.
Telehandler Forklifts ($70,000-120,000)
Telehandler forklifts also referred to as crab crawlers, are specialized for work in industries like lumber, agriculture, and utility. They are massive pieces of equipment that use a telescopic boom arm to transport material from one elevation to another. Prices start at $70,000 for light-duty vehicles, and upwards of $120,000 for heavy-duty ones.
Industrial Forklifts ($45,000-60,000)
Industrial forklifts are similar to standard warehouse lifts except with higher weight capacities. These types of forklifts are best for industries that move loads of 10,000 pounds or larger. The average price for a lift this size falls between $45,000 and $60,000.
Rough Terrain Lifts ($20,000-50,000)
Rough terrain lifts have tires and other features designed to increase safety and productivity for jobs on uneven ground. They are common on construction sites and yards that have hills, ditches, or use gravel instead of pavement. Prices for lifts of this type range from $20,000 to $50,000 depending on capacity and accessory add-ons.
Pallet Jacks ($250-8,000)
Pallet jacks are the cheapest material handling equipment and work best for loads up to 5,000 pounds. They are designed for transporting small loads short distances. On average, a new pallet jack goes for as low as $250 and as high as $8,000.
Walkie Stacker ($2,500-25,000)
Walkie stackers are essentially pallet jacks fitted with a mast for lifting pallets. They’re able to handle loads up to 2,500 pounds and reach elevations as high as 20 feet. The average price range for a new walkie stacker is $2,500 to $25,000.
Order Picker ($10,000-25,000)
Unlike the other types of forklifts mentioned, order pickers move people instead of loads. They are designed to increase productivity, efficiency, and safety in large warehouses by lifting employees to the necessary height to pick materials for orders. On average, new order pickers cost between $10,000 and $25,000.
New Forklift Price Breakdown
The average cost of a new electric forklift with standard capacity ranges between $20,000 and $45,000. For combustion lifts with standard capacity, the new forklift price ranges from $20,000 to $50,000 or more.
The biggest factors that determine the cost of a new forklift are the class, capacity, and engine type. Other factors like hydraulics, mast size, and added accessories increase the price as more features are added to your preferred base model.
For more information about the exact price of new forklifts, contact one of our representatives today!