When you operate forklift trucks in your business, it is important to know when to let them go so that you can get a healthy resale value. Continuing to use the forklift past a certain point diminishes its resale value. When buying a new or pre-owned forklift, you can easily trade-in the old one to bring down the cost of ownership. You can also opt for fork truck rental to escape high ownership and running costs. To help, we share some of the factors that influence your forklift truck’s resale value.
Age/Usage
Like every piece of equipment, the hours of work a forklift puts in have a direct impact on how fast it ages and its resale value. If you wish to get the best resale value on your forklift, you should consider retiring it while it is below 9,000, although this varies from make and model. Forklift trucks with more than 16,000 work hours will fetch significantly less.
Condition
The condition of a forklift truck at the time of retirement has a huge impact on its value. Different users will place a different value on aesthetics and ‘condition’ also pertains the condition of moving parts.
Capacity
The capacity of a forklift also influences its resale value. Forklift trucks with a higher capacity naturally have better value at the time of retirement when compared to those with a small capacity.
Brand
The name brand of your forklift also has an influence on its value at the time of resale. That is why it is always advisable to buy forklift trucks for sale that enjoy a good reputation.
Service History
Forklifts that have received regular service throughout their operation will fetch more by way of resale when compared with those that get erratic or none at all. Make sure you keep all the service records intact to get a good resale value at the time of retiring your forklift truck.
Finally
When looking to replace your forklift truck, it is important to connect with a reputable dealer that gives you access not just to used forklifts for sale, but fork truck rental services as well. This helps you compare all the options, discuss with the dealer, and arrive at the best possible way forward. Accurate Forklift gives forklifts for sale and rental in Atlanta and surrounding places. Talk to us today to discuss your requirement and customize an attractive deal. Just dial 770-692-1455 or mail us at sales@accurateforklift.net or rentals@accurateforklift.net.
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