Comparison: Should You Buy or Rent a Forklift?

Buying a Forklift in Wetherill ParkAny lift with a movable platform or scaffolds is essential to warehouses and construction sites. If you don't have the funds to buy them, however, then you're left with no choice but to find dealers who auction or sell second-hand.

Buying second-hand doesn't mean they're inferior in terms of quality. Koala Trucks Forklift Wholesalers and other heavy equipment dealers say that many second-hand forklifts in the market are still in good condition. Some businesses only used them for a small number of projects, while others underwent liquidation.

Buying vs. Renting Forklifts
  • Budget – Forklifts can be costly, even the second-hand ones. You will have to spend a significant amount maintaining it, as well. Many say that it's better to rent, especially if they only need it for a single project. If your business revolves around tasks that need lifting, then buying is the ideal option.
  • Utility – Another factor to consider is the usage of the lift. If you intend to use it regularly, then it's worthwhile to buy instead of spending on rental every time. This gives you peace of mind, as you're sure of the lift's stability and performance.
  • Trained Lift Operator – If you buy a forklift, you will likewise need to employ a trained forklift operator. If you rent a lift, on the other hand, then you have many options — let the rental company provide you with an operator, hire a temporary operator, or let one of your workers (who has knowledge in lifting) operate.
  • Maintenance – Buying a second-hand forklift may mean that you have to spend more money on its maintenance. After all, you will be buying an older model. Maintaining it or getting spare parts of a specific forklift can be quite costly, especially when they're about to be phased out.

Buy a forklift only after careful consideration. It's best that you evaluate the costs and utility of the lift before anything else. It's a huge investment after all.

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