Quick Summary:
Buying a used sit-down forklift can save your operation thousands, but only if you know what to look for. This guide covers the critical items to inspect before purchases, how to assess value, and where to find used forklifts from trusted dealers.
Compare Costs of Used Forklift Deals Near YouUsed sit-down forklifts can be a cost-effective solution for many businesses looking to add equipment to their roster. In fact, it’s estimated that buyers can save up to 30% - 50% more buying a used model over a new model.
But that’s only true if the machine you’re buying is worth it. Aside from businesses with limited budgets, here are some business scenarios where it may be more beneficial to buy used equipment over new:
The lowest price tag upfront could end up costing you more in the long run in maintenance and upkeep if you don’t properly inspect its condition.
Before signing a purchase agreement, always inspect these 10 components:
Component | What to Look For |
---|---|
Forks & Mast | Cracks, bends, weld integrity |
Tires | Tread wear, sidewall cracks, flat spots |
Hydraulic Hoses | Leaks, fraying, wear at connection points |
Engine or Battery | Cleanliness, startup ease, battery age |
Frame | Rust, welds, visible repairs |
Hour Meter | Less than 10,000 hours preferred |
Brakes & Steering | Smooth function, no squeals or drift |
Warning Lights | Fully functioning dash & safety indicators |
Seat & Restraint | Secure, not torn or missing hardware |
Maintenance Records | Complete history, including part replacements |
Requesting maintenance records is a tried-and-true method for assessing a used sit-down forklift's condition. It’s essentially a health report that outlines if the machine has been properly managed over the years.
Here are the maintenance records we suggest asking for and how they can help:
Any used forklift sellers unwilling to provide full transparency through maintenance records could be hiding something about the forklift’s history.
"The key to buying used is transparency. A forklift with 6,000 well-documented hours is often better than one with 4,000 and no records."
~ Dana Pierce, Equipment Procurement Manager, Streamline Logistics
When it comes to deciding if a used machine is worth your investment, there are some red flags to stay aware of. We’ve flagged these items because they could lead to extensive maintenance costs later on. It’s best to steer clear from machines with any of these red flags:
If the used sit-down forklift you’re interested in buying has 1 or more of these red flags, it’s probably best to walk away and keep looking.
There are plenty of advantages to buying used forklifts, but there are some downsides too, especially in certain scenarios. Compare the pros and cons of buying a used machine to determine if choosing a used forklift if right for you:
1. Lower Upfront Costs: Used forklifts typically cost 30–50% less than new models, which can free up capital for other needs like racking, training, or inventory.
2. Faster Availability: You can usually purchase and put a used forklift to work right away without having to wait long lead times for ordering or manufacturing.
3. Limited Depreciation: The steepest depreciation happens in the first few years of a forklift’s life. Buying used means someone else has already absorbed that value drop, so your asset retains more of its purchase price.
4. Cost-Effective For Low-Usage Applications: If your forklift will only run a few hours a week or act as a backup, a used unit can meet your needs without overspending.
1. Limited or No Warranty: Many used forklifts are sold “as is,” or with only a short warranty, which means you might have to shoulder repair costs sooner than you would a new model.
2. Higher Maintenance Costs: Older machines often require more frequent servicing, part replacements, and downtime than newer models.
3. Technology or Safety Gaps: You may miss out on newer safety features, fuel efficiencies, telematics, or ergonomic designs found in current models.
4. Unknown Usage History: Even well-maintained forklifts with well-maintained records can hide wear-and-tear or past damage that could shorten lifespan or cause safety issues.
Compare the features and costs of new vs. used forklifts side-by-side:
Feature | New Forklift | Used Forklift |
---|---|---|
Price | $25K - $40K | $10K - $20K |
Warranty | 1 - 3 years (typical) | Varies (or none) |
Condition Certainty | High | Depends on inspection |
Lead Time | May require ordering, resulting in several weeks to months | Often ready to ship, able to use as soon as it arrives |
Depreciation | Loses the most value in the first 1 - 3 years | Retains most of its initial cost value |
Looking for a more comprehensive breakdown of how much used sit-down forklifts cost? Read our forklift pricing blog that compares the costs of new, used, and leased machines.
There are thousands of used sit-down forklifts listed online, but not every deal is a great one. Your best option is to buy from authorized dealers or aggregates like Forklift Inventory, which only list equipment from verified sellers.
If you have the ability and knowledge to thoroughly inspect the forklift, you can also find good deals from private sellers. But generally, we recommend sticking to certified resellers.
Forklift Inventory allows you to compare prices on used sit-down forklifts that meet your operating requirements in one easy place! Start comparing deals on equipment near you.
Get Used Sit-Down Forklift DealsUnder 10,000 hours is ideal. For electric forklifts, battery replacement cost should also be factored in.
Yes. Many dealers offer financing for used equipment, often with flexible terms.
Only if you’re experienced and can inspect it thoroughly. Otherwise, stick with certified resellers or verified platforms.
Only if they pass inspection and include the required safety equipment (seatbelt, backrest, lights, etc.).
Forklift Inventory has the largest online selection of forklifts, aerial lifts and construction forklifts. Compare new and used forklifts to get the lowest prices available.