Forklift Pricing 101: What You Should Know

Material Handling Best Practices, Tips, Information and More from Toyota

Forklift Moving LumberThere are so many different kinds of forklifts and forklift manufacturers that it’s hard to say how much you might end up spending on yours. However, there are some things you can keep in the back of your mind to help you estimate how much you might end up spending on your forklift.

When it comes to pricing your forklift, remember this:

  • The higher the capacity, the more expensive the forklift will be. Just like homes, the bigger the forklift, the more expensive it’s going to be. It’s a good idea to know exactly how big you need your forklift to be so you don’t spend more than you need to.

  • Consider the manufacturer. Not all forklifts are manufactured the same. The better the quality, the better the long-term value.

  • The long term cost is more important than the upfront cost. When you’re thinking about buying an inexpensive or used forklift, look into what it can end up costing you in the long-run. Sometimes, paying a bit more upfront pays off.

  • Don’t forget to add in operating costs. The cost of the forklift isn’t the only one you’re going to incur. When you’re buying your forklift, think also about how much it’s going to cost to operate it.

  • Ask about extended warranties. If a part goes bad on your forklift, your warranty will pay for itself in a hurry. Yes, warranties are an extra cost, but they’re well worth it when something goes wrong.

  • You’ll spend anywhere from $15,000 -$100,000+ for a new forklift. As the size of the forklift increases, so does the price tag. Most mid-sized forklifts run between $20,000 and $50,000 new.

A forklift is a huge purchase and it’s important to know what you’re getting yourself into before you start. Just remember, it’s about much more than the sticker price.

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