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Are Linde Forklifts Really Worth The Money ?

Forklifts November 7, 2016

The saying goes, there are forklifts, then there are Linde ForkliftsLinde forklifts origins start in Germany, as a German designed forklift with roots going back over a 130 years.  Linde is now part of the Kion Group and is a publicly traded company

Linde Forklifts entered into at the Australian Market in the 90’s, and has since continued to grow in a tough Australian Market.  The Linde forklifts are unique in that they are designed with a Hydrostatic drive.

Basically this means that, Linde integrated the hydrostatic drive, hydraulic pump, hydraulic motor and gearbox into one compact axle so the forklift has less moving parts that will wear out.

With the current 392 Series H25T model , costing somewhere in the vicinity of $40 000 AUD (depending on specifications), and the second tier 351 Series H25 costing early $30 000 AUD, you need to ask your self are Linde forklift really worth the money ?

Its worth pointing out here, in the industry bread and butter 1.8T – 3T bread and butter range of forklifts. Linde actually do a cheaper budget 2.5T Forklift, bought in under the Baoli brand, which is manufactured in China.

We’ve looked at this quite a few times when it comes to choosing a forklift for your business, there are two main things to consider :

Utilization

How many hours are you doing per week ?

Application

What is the environment that it is working in.

Linde Forklifts fall into 3 different categories.

Baoli – Made in China

Low utilisation – Up to 15hours per week – Light application

35 Series (also made in China)

Up to 30 hours per week, and a medium application

39 series (out of Germany)

In excess of 30 hours per week and a harsh application

So are Linde forklifts really worth the money, to answer that properly you need to look at the above two factors. Linde forklift do cost a lot more money, but they we will still pick up a load and transport it from A to B.

A high end Linde forklift, does have some unique features, over and above the competition, but as an outright purchase if you are wanting to use a forklift for 10 hours per week in a fruit shop, you might want to consider saving your money and spending it else where.

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Two Ways To Finance Your Forklift

buying October 26, 2016

Forklift Finance

When the banking industry was deregulated, it opened up the Australian Finance Market to a lot of different options when it comes to how finance can be arranged for equipment, here we look at two of the most popular ways to finance your Forklift.

Finance Leasing

Features

  • Minimal capital outlay
  • Payments are fixed for the lease term
  • At the end of the lease term, the following options are available :
    • Extend the lease term
    • Trade in the forklift and lease a new forklift
    • Return the forklift. You may be responsible it there is shortfall between sale proceeds and the outstanding residual value amount
    • Make an offer to purchase the forklift for the residual value.

Benefits

  • A hedge against market fluctuations with interest rates fixed for the term of the lease
  • Ownership is optional
  • Leasing frees up capital which can be used to grow your business
  • Pay only for equipment use

Commercial Hire Purchase

Features 

  • For accounting and tax purposes you own the asset
  • Payments can be structured to suit a company cash flow
  • Generally repairs and maintenance is not included in the Commercial Hire Purchase.

Requirements

  • Balloon payments can be arranged at the expiration of the term and refinanced where required

Benefits

  • Business retains fund for working capital purposes.
  • Depreciation and interest costs can be claimed by the hirer which reduces tax payable on net profits.
  • You own the forklift on termination of the contract.

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Buying A Used Forklift

Forklifts October 18, 2016

If you have decided to buy a used forklift, weather it be updating your existing unit, starting a new venture.  There are literally thousands out there in the market place. It can get a bit daunting, but here’s a few tips that might make it easier for you to navigate

Know what you need.

This is simple, there is a wide range of different specifications, you need to be sure of the job you are doing and what you need to do it.  Ie. – Wanting to load and unload containers –  Its pointless trying to drive into a container if you have a 5 000 mm 2 stage mast with a lowered clearance of 2 500mm.

You need a 3 stage 4 500 mm mast, that has a lowered overall height to go into a container.

If you are unsure what you need, try visiting a reputable forklift dealer, and explaining what work your are doing.  They will be able to provide you with some advice you what you will need to do the job. Also browse the stock they have there, you might find a bargain.

Set a budget

Forklifts are just like cars, there are many different makes, and come in very different prices.  Always make sure you know how much money you have got to spend.

Ask for Warranty

The forklift industry is currently unregulated, as such forklift dealers do not need to offer warranty.  Dealers can offer Warranty when they want. You can generally expect anything from 30 to 90 days.  So ask, before you agree on a price.

Beware the liquid overhaul

Weather it be a coat of jam, or a liquid overhaul.  You need to be careful and look pass the visual condition of the forklift and make sure its is mechanically sound.  If need be get a mechanical inspection done, most small 1 x man subcontractors, are wiling to do this type of work,  It might cost you a $100 or so, but it can save you thousands in the future.  Also ask for the service records, if it is a ex rental unit, most Dealers are happy to show you this type of record.

Future maintenance

Unfortunately all machinery brakes down at some stage.  When you are buying a forklift, always make sure you know where to get it serviced down the track.  If you are in the City, its generally no problem, but if you are out in the country, it could be a lot more difficult to get something repaired.  If you are handy enough tot do the work yourself, ask where you get parts from.  Or if you aren’t make sure you ask where you can get them serviced.

This is our top 5 tips for buying a forklift (new or used).  Make sure you get the value you want.

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Do you need to buy a forklift.

buying October 13, 2016

buying forklifts

If you have a business where you are moving products on a pallet, there is more than a fair chance you need a forklift to help you.  Whether you already have a forklift or are looking at getting one.  You might want to be looking at needing to buy a forklift.

How to buy Forklifts

These days there are plenty of forklift brands and models on the market.  When you go looking to buy forklifts, buyers will tend to focus more on the engine, transmission, mast, make and model then they do on how to buy forklift.

Once you narrow your decision down on what forklift you are going to buy. The next step is how to buy the forklift, and you have a few different choices.

Purchase outright

If your are lucky enough to have the capital sitting in your bank account.  You can purchase it outright.

Rent to Buy

This has become a very popular way to buy forklifts.  You are able to rent the forklift over a fixed period of time, with either a zero payout or a small payout figure at the end of term.  Usually the business renting the forklift is still responsible for maintenance by either paying for it as they go, or a preventative maintenance agreement, with the forklift dealer that they bought the forklift through.

Finance – Lease

This type of arrangement is very similar to the rent to buy scheme, but it is purely a finance arrangement with either a finance lending business or the bank.  The maintenance can be done by any reputable forklift or mechanical business.

Fully Maintained Operating Lease

A different version of a rental agreement, but it is usually done directly through the finance company where the forklift dealer will bill the finance company every month. The business that rents the forklift ring the forklift dealer directly to arrange maintenance issues when they arise.

Rental

Very similar to the FMOL arrangement above, The Business rents the forklift direct from a forklift dealer.  The forklift business will invoice the business renting the forklift directly,  and all maintenance requirements are done directly between the business renting the forklift and the forklift dealer.

If a business has a need or a requirement for a forklift, there are many different ways that you can buy a forklift, and there certainly are different advantages and disadvantages to any way you want to do it. The best thing to do with talk to your accountant first before making a decision on financing or leasing a forklift.  Then talk to your local forklift dealer about what options they can provide you.

New or Used forklifts are also something worth considering for any business, any of the above methods of buying forklifts can apply to new or used. But the older the forklift the more restricted you might be with what you can do.

A final tip, if you do decide to purchase it out right with your own capital, make sure you discuss any warranty that might apply.

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