In recent years, the shift towards sustainability and environmental consciousness has led many businesses to explore electric forklifts as a viable alternative to their traditional counterparts. With reduced maintenance costs and technological advancements on offer, it’s no wonder that more and more material handling solutions needs are being fulfilled by electric forklifts.
That said, all investments should only happen after careful research. When considering an electric forklift for sale, businesses like yours often choose between new and used options. In this blog post, we will explore the key differences between new and used electric forklifts, highlighting the benefits, considerations, and cost-effectiveness associated with each option.
Without any further ado, let’s help you determine which option is best for your needs.
Breaking Down New Electric Forklifts
Cutting-Edge Technology
New electric forklifts for sale come equipped with the latest technological advancements, ensuring improved efficiency, performance, and safety features. This can contribute to increased productivity in the workplace.
Manufacturer Warranty
Purchasing a new electric forklift often comes with the added benefit of a manufacturer warranty. This provides peace of mind to businesses, knowing that any potential issues or defects will be addressed without incurring additional costs.
Longer Lifespan
New electric forklifts generally have a longer lifespan compared to their used counterparts. This can translate to a more extended period of reliable service and reduced maintenance costs over time.
Customisation Options
Businesses have the opportunity to customise new electric forklifts according to their specific requirements. This includes features such as lift capacity, mast height, and additional attachments, providing tailored solutions for diverse operational needs.
To summarise, buying a brand-new fleet of forklifts is an excellent choice, but only if you consistently need that much help on your side. With associated storage costs alongside the upfront cost of the purchase, an entirely new fleet can be a big decision, so it’s important to consider if it suits your business.
How much additional help do you need? Is it a seasonal fluctuation, or is it more consistent? Do you have the storage capacity for a long-term purchase, or will you need to create some?
What to Know About Used Electric Forklifts
Cost Savings
One of the primary advantages of opting for used electric forklifts is the significant cost savings. Businesses can acquire reliable equipment at a fraction of the cost of a new forklift, making it an attractive option for those on a budget.
Proven Reliability
One of the primary advantages of opting for used electric forklifts is the significant cost savings. Businesses can acquire reliable equipment at a fraction of the cost of a new forklift, making it an attractive option for those on a budget looking for an electric forklift for sale.
Immediate Availability
Unlike new forklifts, which may require lead time for manufacturing and delivery, used electric forklifts are readily available for immediate use. This can be especially beneficial for businesses in need of quick solutions to meet their operational demands.
Depreciation
The depreciation rate is generally lower for used electric forklifts than for new ones. This means that businesses may experience less significant financial losses over time when choosing the used option.
If you’re looking for seasonal support or a more affordable electric fleet, or you simply don’t have the necessary long-term storage space, then renting electric forklifts might be the option for you. The predictable monthly costs allow you to easily weigh your return on investment, which is a vital step in making this decision.
Considerations for Both Options
Battery Condition
Regardless of whether a forklift is new or used, the condition of its battery is crucial. Assessing the battery's health and lifespan is essential for understanding the forklift's overall longevity and performance.
Operational Requirements
Businesses should carefully evaluate their operational needs and requirements before deciding between new and used electric forklifts. Consider factors such as load capacity, operating environment, and daily usage patterns.
Resale Value
New electric forklifts may have a higher initial resale value compared to used ones. However, the overall resale value is influenced by factors such as maintenance, condition, and technological advancements.
As with any big business decision, the best thing you can do before signing on the bottom line is to get in touch with the experts.
At NFL Forklifts, we want to help you make the best decision for your business’s well-being as well as your own. If you’re still unsure whether you’d like to rent or own your electric forklift fleet, get in touch with our team to discuss your options. We’re happy to help!
Find the perfect forklift for you with the team from NFL Forklifts.
At NFL Forklifts, we’ve been selling new and used forklifts for almost three decades. We’ve been lucky enough to witness the evolution of the humble forklift into its newest electric version, and now we want to connect business owners like you with this revolutionary option.
Ready to make the right choice for you? Contact us for expert guidance on finding the ideal electric forklift for your needs.
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