This calculator will help to measure the approximate economic life of your forklift. This will calculate an approximate time when it becomes more advantageous to acquire a new forklift rather than pay to service and maintain your existing forklift.

Directions

First, enter the average hours of operation per day, the number of days your forklifts operate per year, and the amount of hours you plan to have on the forklift at trade-in or the maximum you are willing to put on it. This will provide an approximate time when you should explore acquiring a new forklift rather than continuing to service and maintain your existing forklift.

Hours Truck is Running Per Day:
Operating Days Per Year:
Median IC Forklift Hours at Trade-In or Maximum Hours Willing to Put on a Forklift:

Time to Trade-In:
NOTE: The Economic Life Calculator will help estimate when it may be smarter to acquire a new forklift rather than pay to service and maintain your existing forklift. This estimate is only an initial guide: every application is different and places different demands upon your equipment. Please be sure to consult with a qualified professional about your specific needs before making a decision.

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