A Guide to Buying Pre-Owned Forklifts

Checklist for Buying Pre-Owned Forklift

Are you considering purchasing a pre-owned forklift for your business and want to make a well-informed decision? Look no further! In this comprehensive blog, we present a checklist for buying pre-owned forklifts, providing valuable insights and guidance to navigate the process confidently.

From assessing your specific needs to negotiating prices, this checklist will cover all your bases and help you find a reliable and cost-effective pre-owned forklift that meets your requirements.

But before diving in and discovering the essential steps to make your purchase successful, let’s see why buying pre-owned forklifts is a good idea.

Top Reasons Why Buying Pre-owned Forklifts Is a Great Idea?

Forklifts are powerful industrial vehicles designed for lifting and transporting heavy materials over short distances. They are commonly used in warehouses, construction sites, manufacturing facilities, and other settings where efficient material handling is a crucial part of the job. It is a fact that buying forklifts for your business is a big capital investment. Thus, one can always consider buying pre-owned forklifts. Here are a few reasons why this might be a good idea:

1.Cost Savings

Pre-owned forklifts are generally less expensive than new ones, saving you money. Buying a pre-owned forklift can be a good option if you have a limited budget or don’t want to spend much money upfront.

2.Immediate Availability

When you buy a new forklift, it may take some time to order and receive it. With pre-owned forklifts, you can often find them available immediately, which can be beneficial if you need a forklift quickly.

3.Proven Reliability

Pre-owned forklifts have a track record of use, so you can see how they’ve performed in the past. This can give you an idea of their reliability and help you make a more informed decision.

4.Lower Depreciation Overtime

New forklifts depreciate quickly, which means their value decreases rapidly over time. Pre-owned forklifts have already experienced some depreciation, which can make them a more cost-effective investment in the long run.

5.Access to a Wider Range of Models

If you’re looking for a specific forklift model, you may have more options available when buying pre-owned. This can be especially beneficial if you’re looking for an older model that may no longer be in production.

Of course, there are also some potential downsides to buying pre-owned forklifts, such as the potential for hidden issues or higher maintenance costs. However, if you do your research and take steps to ensure that you’re buying from a reputable seller, buying pre-owned can be a smart choice for many businesses.

General Checklist for Buying a Pre-owned Forklift

When buying a pre-owned forklift, following a checklist is important to ensure you make an informed decision. Here’s a list you can consider:

Determine your needs: To choose the right forklift for your business, assess your requirements. This may include lifting capacity, height requirements, fuel type (electric, gas, diesel), and any specific features or attachments you need. This will help you narrow your options and find the right forklift for your needs.
Research reputable sellers: Look for reputable dealers or sellers with a track record of selling quality pre-owned forklifts. Check their reviews and ratings, and ask for recommendations from industry professionals if possible.
Inspect the forklift thoroughly: Perform a comprehensive inspection of the forklift components to assess its condition. Check for any visible signs of damage, wear and tear, leaks, or rust. Pay attention to the tires, forks, mast, hydraulic system, and controls. Inspect the battery (if electric) or engine (if combustion-powered) for any issues.
Request maintenance and service records: Ask the seller for the maintenance and service records of the forklift. This will give you an idea of how well it has been maintained and any major repairs or issues it may have had in the past.
Test the forklift: If possible, test drive it to evaluate its performance. Check the lifting capacity, maneuverability, brakes, and steering. Test all the controls and features to ensure they are functioning properly.
Check the hour meter or odometer: Note the number of hours or miles the forklift has been operated. This will give you an indication of its usage and potential remaining lifespan.
Consider getting a professional inspection: If you’re not experienced with forklifts, consider hiring a qualified technician or inspector to evaluate the forklift’s mechanical, electrical, and structural components. They can provide a more detailed assessment and identify any hidden issues.
Inquire about warranty or return policies: Ask about any warranty or return policies offered by the seller. This can provide assurance and protection if any unforeseen problems arise shortly after the purchase.
Compare prices and negotiate: Research the market value of similar forklift models to ensure you’re paying a fair price. Use this information to negotiate the price with the seller.
Review the purchase agreement: Carefully review the terms and conditions of the purchase agreement, including payment terms, delivery, and any warranties or guarantees. Seek clarification on any unclear points before finalizing the purchase.

Technical and Mechanical Checklist For Buying Pre-owned Forklifts

In addition to the general checks and whereabouts of the forklift, it’s crucial to conduct thorough technical and mechanical checks to ensure you’re getting a reliable machine. Here are some key checks to keep in mind:

Structural Integrity: Inspect the forklift’s frame, mast, and overhead guard for any signs of damage, cracks, or excessive wear. Look for indications of previous repairs or welding that might suggest past issues.
Forks and Attachments: Examine the forks for signs of bending or wear. Check their alignment and ensure they can slide smoothly on the carriage. If the forklift comes with attachments such as clamps or rotators, assess their condition and functionality.
Hydraulics: Check the hydraulic system for leaks, including hoses, cylinders, and connections. Test the lifting and tilting functions to ensure smooth and consistent operation. Listen for unusual noises during its operation that may indicate hydraulic problems.
Controls and Instruments: Test all controls, levers, switches, and pedals to ensure they function properly. Check the dashboard instruments, such as the hour meter, fuel gauge, and warning lights, to verify their accuracy.
Brakes: Assess the braking system by performing several test stops. Check for responsiveness and even braking without excessive noise or vibrations. Inspect the brake pads or shoes for wear and ensure they are within acceptable limits.
Tires: Inspect the tires for wear, cuts, or signs of damage. Uneven tire wear may indicate alignment issues. Consider the type of tires (pneumatic or solid) and their suitability for your intended usage environment.
Engine or Battery: Depending on the forklift’s power source, assess the engine or battery condition. For combustion-powered forklifts, check for smoke, unusual noises, or signs of poor maintenance. Review the battery’s age, charging capacity, and overall health for electric forklifts.
Fluids and Filters: Check the levels and condition of engine oil, transmission fluid, hydraulic fluid, and coolant. Inspect the filters for cleanliness and proper maintenance. Dirty fluids or clogged filters may indicate a lack of regular servicing.
Electrical System: Test the lights, horn, and other electrical components to ensure they are in working order. Check the wiring for any signs of damage or improper repairs.
Service and Maintenance Records: Request the forklift’s service and maintenance records to understand its history. Regular maintenance and servicing indicate responsible ownership and increase the chances of a well-maintained machine.

Wrapping Up

Secondhand forklifts are less expensive than brand-new ones, allowing businesses to acquire the necessary equipment at a lower investment. Furthermore, unlike new forklifts, which may require pre-ordering, pre-owned forklifts are typically readily available.

So, if you’re planning on buying a pre-owned forklift, you can follow our checklist to make a more informed decision. Also, it will further increase your chances of getting a reliable and cost-effective machine for your business.

At Southern Lift Trucks, we have rigorous inspection processes to ensure the quality and functionality of the pre-owned forklifts. This gives our customers peace of mind knowing they’re purchasing a reliable and well-maintained machine.

Our experience in this industry can help you choose the right model based on your specific requirements, provide advice on maintenance and safety, and offer ongoing support.

FAQs about Pre-Owned Forklift

Is buying a pre-owned forklift a good idea?

Yes, buying a pre-owned forklift is a great idea since it would help you save money. Also, pre-owned forklifts are readily available and reliable; thus, businesses can address their material handling needs immediately.

How much would it cost to buy a pre-owned forklift?

The cost of buying pre-owned forklifts depends on several factors, such as the model of the forklift, its features, and its current condition. However, the price of a pre-owned forklift can range anywhere between $65,000 to $300,000.

What are the things to keep in mind while buying pre-owned forklifts?

Always research the buyer, check the technical and mechanical features, inquire about the warranties, test the forklift, and do not forget to compare and negotiate the price.

What are some top forklifts brands?

Top forklift brands include Toyota, Hyundai, Caterpillar, Kion Group, Crown Equipment Corporation, and Linde Material Handling.

How many types of forklifts are there?

According to Occupational Safety and Health Administration (OSHA), there are seven classes of forklifts.