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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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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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