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Tips For Buying Used Forklifts

buying, Forklifts July 19, 2017

If you are out looking at used forklifts to buy, there has never been a better time in the materials handling market.  There are plenty of bargains you can pick up, weather its a 2.5T Yale forklift or a 16T SMV Forklift, but as always there are some things you really need to be aware of when looking at used forklifts.

Warranty

Does it have warranty.  It use to be very common to buy a used forklift with no warranty.  Well these days its fair and reasonable to expect some comfort in knowing that if you buy a used forklift you won’t get it home and have the engine blow up in the first week.

Most businesses will offer a 30 or 90 day standard warranty, if they don’t bring it up, ask them.   We’ve also started to see 12 month warranties being offered on used equipment.

Most new forklift manufactures will offer a minimum 12 month /1200 hour warranty on a new forklift, so getting a 12 month warranty for a used forklift might seem fantastic.  But read the fine print, a lot of these warranty policies, are bought for a few hundred dollars.

The policies are generally very tight, and don’t really allow for much, and you might fine that you get stuck with additional expenses like freight.

Beware the Liquid Overhaul

A lot of forklift dealers will tell you its been overhauled.  It might look shiny with a new coat of paint, but pop the bonnet and take a look underneath.  If you can see a dirty engine with visible oil leaks, its had a liquid overhaul  Ask for service records, most forklift dealers won’t mind giving these out at all.  Take a look at the last 12 months, if you can see service and breakdown jobs, you know it’s been well maintained.

Shop it around

With the internet people have gotten a lot smarter, with 20 minutes work, you are able to compare pricing for most things on line.  Used forklifts are no different, take your time and look.  If you like a Hyster H2.50DX model that you’ve looked at, compare the pricing on line, if you are thinking  you got good value at $20 000, you might be in for a rude shock if you see them advertised online at for $10 500.

 

Buying Used Forklifts at auction

We see so many people burnt doing this, you think you can get a good deal at an Auction, and this really comes under point 3.  We see people spend 10 or 20 thousands more then what they should, find that the used forklift has a problem and then want to sell it, and can’t get a return.

If you are going to an auction to buy, make sure you do your homework before you get there.  Most auction houses will let you inspect the forklift and start it before you start to bid on it.

Used forklifts are just like use cars, there are plenty out there, sometimes you can buy a lemon.  The trick to buying value is to do your research, and make sure you are buying something that has been well maintained, with a little bit of warranty on it. You won’t go wrong.

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5 Tips for Getting What You Need for A 2.5T Forklift

Forklifts November 3, 2016

2.5T (2 500kgs) Forklifts are what are referred to as the bread and butter of the Forklift industry, no it doesn’t mean someone puts  butter on them and tries eating them.  It simply means that they have the greatest numbers of availability in the industry.

If you think that generally speaking in Australia, most goods are moved on a CHEP pallet, Well CHEP Pallets are rated at 2.0T WLL. (Working Load Limit).  So the vast majority of forklifts used to move a 2.0T pallet will be a 2.5T Forklift.  OK, so great what’s the point you ask ?

If you are looking at either buying a forklift or selling a forklift,  the odds are you will fall in to the 2.5T Forklift category.

Which means you will have a vast number to choose from, it can get a bit daunting.  So here are some tips for making sure you get what you need in a 2.5T (2 500 kg) forklift :

  1. Is it new or Used that you really want.

There is a lot to consider, when its a new vs used decision, mostly it comes down to application, utilization and how much you want to sped

  1. Understand your Budget

Buying a forklift is a lot like buying  a car.  You need to make sure you have a budget that you stick to, once you work out the new vs used decision

  1. Understand your application

This becomes one of the most critical parts of the decision, If you are working in good environment operating 1 hours per week, unloading some pallets at a fruit shop, you probably should consider a second hand forklift. 

If you are operating in a foundry, working high hours. Its probably a new forklift you want to consider.

  1. Understand your utilization

    Working very closely with the application is the utilization, If its minimal hours per week 2 – 5 hours. See point 2, don’t spend the money unless you really have the need.

  1. Understand the Brand your buying

We are often asked about which brand is best. Hyster, Linde, Toyota, Komatsu. E.t.c  well its a hard answer, as we review forklifts and post our findings, we might come up with the answer.  But the advice is to understand points 1 – 4 first ,then look at what brand fits the equation.  Look for a brand that you know you can get parts for, and that your average mechanic can work on.

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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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Is a Cheap Forklift The Best option

Forklifts October 15, 2016

When you say the word cheap, it can mean a lot of things to a lot of different people. For some it can mean costing very little, or something is very low priced, it can even mean shoddy workmanship, as in that was cheap workmanship. But when it comes to a cheap forklift, you really need to give it some thought. The old adage is true ” You Get what You Pay For”.

At the end of the day, forklifts are mechanical, they will age, and parts will wear out due to wear and tear, they will break down.

Businesses that have a need to move materials will have a forklift to move their product from A to B.  There are several factors to consider when it comes to choosing the right forklift and whether it is cheap or not.

Own V’s Rent

Whether a business owns or rents their forklifts, is very specific to their own requirements. But whether it’s a cheap forklift or not takes a little bit more examination.

Purchase New or Used

Owning a forklift, there are two choices, NEW or USED. A New 2.5T forklift can range anywhere from low $20 000 up to mid $40 000. A used 2.5T forklift can range from less than $5000 up to $20 000.

While the price can range widely, they will all lift 2500 kgs. But things like age, features and benefits, condition, hours of utilisation, environment that it will work in. Are all factors that need to be considered, when making the choice on New or Used.

Buying a “Cheap Forklift” for $5000 that is put to work in a harsh environment working 40 hours a week. Might be cheap initially, but not to far down the track it is bound to cost you plenty.

Rent

If your business decides to rent, a 2.5T forklift can rent anywhere in the market from $100 per week to $200 per week. Again factors that will affect the rental rate are things like, hours of utilization, environment it is working, tyres being included or not being included in the rate.

A cheap forklift rental rate is fine, but the things that really matter here are can the forklift company that is renting you the forklift able to support and back up a cheap rate. The first time that your rental forklift breaks down, and you call the forklift company and they take forever to respond or repair the forklift. A cheap rental forklift can end up causing you a lot more in lost production time, because you don’t have a forklift to move your product.

Maintenance

Whether you buy or rent your cheap forklift, it can cost a lot when it breaks down. Maintenance is the one thing that business need to consider making any ownership decision about they forklifts.

When it comes to a cheap forklift, you need to do your research and consider your options fully, it can make a lot of difference between getting a bargain that is cheap and getting a cheap bargain that will cost you.

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Selling a USED FORKLIFT

Selling October 12, 2016

If you have decided its time to sell your forklift, weather its to upgrade your forklift, or maybe your business needs have changed.  There are many ways you can sell your used forklift., it can get a bit daunting, but here’s a few tips that might make it easier for you to navigate.

Know what its worth

Its simple, everything has a value, but it is pointless if you are trying to sell a Hyster H2.50DX for $20 000 when they are being advertised for sale as a used forklift for $10 000 in your area.

To get a gauge of what its worth, you can visit our listing page and search for similar makes and models of equipment, or even talk to your local dealer to get an idea.

Set a budget for selling

Forklifts sell just like cars, but you will need to spend a little bit of money of either getting it in shape for sale or possibly cost of advertising.  Weather it be an online portal such as ForkliftMarket , or through conventional sales methods such as newspapers, so make  sure you set a dollar value you are prepared to spend, you don’t want to spend $1000 in advertising, where you might get better value for $60 in an online ad.

What condition are you selling it in

As a private sale you really don’t need to worry about selling with terms, other then As is where is (make sure all safety features work – as a minimum condition) , but if you are a dealer, you really need to consider do you offer warranty,

Make sure you get the money

Its just like anything, when you sell, make sure you get the money of the purchaser.  At a minimum make sure you are sure if you are repairing it, to what condition you are repairing it to.  Do all safety features work, ie horn, lights seat belts, beepers.

Service records

Its all ways a good idea to give the buyer a copy of your service records, It can generate trust and show your not hiding anything that might be majorly wrong with your forklift.

So there they are the top 5 tips for selling your forklift, remember do your research and make sure you get the value you want.

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    If you are out looking at used forklifts to buy, there has never been a better time in the materials handling market.  There are plenty of bargains you can pick up, weather its a 2.5T Yale forklift or a 16T SMV Forklift, but as always there are some things you really need to be aware […]

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