Are you considering purchasing a forklift for your business operations? 

If so, you’ve come to the right place. There are around 850,000 forklifts in operation in the United States. Companies across many industries need forklifts to complete their daily operations. 

Even though it may be a necessity, it’s crucial that you know the answer to “How much does a forklift cost?”. 

Unfortunately, there isn’t an exact answer. There are different factors that can contribute to the price. 

This guide will break down the various factors so you know what to expect when it’s time to make your purchase. 

Types of Forklift

There are numerous types of forklifts to choose from. There are options that cost $250 and some that reach $120,000. 

You’ll need to research which one is going to be best for your operations. What works for your competition may not work for you. 

One of the most common types is called a counterbalance forklift. This one is best for handling general material. They also come in gas, diesel, and electric options. 

Rough terrain forklifts are designed for the outdoors. If you’re doing a lot of work on uneven terrain, this would be a great option to consider. It comes in two different sizes, which can be beneficial to you as well. 

New vs Used Equipment Costs

When you’re wondering, “How much does a forklift cost?” you’ll need to consider if it’s new or used. As you would expect, a new forklift is going to be more expensive than a used one. 

However, before opting for the cheapest option, you’ll need to think about the latest technology and maintenance. 

A new machine will have warranties and will be updated will all the new functions. An older one may require more maintenance, which will increase your overall cost. 

Forklift Pricing: Size Matters

Forklifts come with different weight capacities. Smaller options with lower weight capacity will likely be cheaper. However, before purchasing a smaller one because it’s less expensive, think about your company’s needs. 

Is a smaller forklift going to get the job done? Will a bigger one allow your team to be more efficient? These are crucial questions that you need to ask yourself before making your purchase. 

Maintenance and Service

You should also consider the cost of maintenance and service contracts. Your machine will need regular maintenance to ensure it’s in good working condition.

It’s not unlikely that your forklift will need a repair every once in a while, either. A service contact can add to the overall cost, but it can save you money in the long run and give you peace of mind. 

Answered: How Much Does a Forklift Cost

Understanding “How much does a forklift cost?” will allow you to stay within the company budget. Whether you have a large or small amount to spend, you can find the perfect forklift for your business. 

Before making your final decision, be sure to consider the factors listed above. We know how difficult it can be to find the right material handling equipment and forklift dealer, which is why we’re here to help. 

Our team has worked with hundreds of clients over the years and we’re confident in our ability to help you, too. Contact Superior Industrial Products today for more pricing information!