New or Used Forklift Truck
When looking to buy a forklift, one of the biggest decisions is whether to buy a new forklift truck or a used forklift. While a brand-new forklift comes with the latest features and a full warranty, a used one can offer cost savings and immediate availability. But which option is best for your material handling needs?
This guide will break down the pros and cons of buying new or used, helping you get the best forklift for your business.
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When to Buy a New Forklift
A new forklift is the right choice for businesses that require heavy usage, advanced features, and long-term reliability. Here’s when it makes sense to invest in a new forklift:
Frequent or Heavy-Duty Use
If your forklift runs for four or more hours per day, a new model will provide long-term reliability and lower maintenance costs.
Customisation & Special Features
Need the latest forklift technology? New forklifts typically offer more customisation options to match your exact requirements.
Lower Total Cost Over Time
While new forklifts tend to have a higher initial price, they require fewer repairs in the first few years, reducing your total cost of ownership.
Higher Resale & Trade-In Value
If you plan to keep the forklift for a few years before trading it in, a new truck will retain more value compared to a used forklift.
Better Fuel Efficiency & Sustainability
Modern electric forklifts are more energy-efficient than older models. If sustainability is a priority, buying a new forklift truck may be the best option.
Extended Warranties & Manufacturer Support
New forklifts often come with warranties that cover parts and servicing, reducing unexpected expenses. Most come with a 12-month standard warranty, with options to extend it up to three years.
When to Buy a Used Forklift
A high-quality used forklift can be an excellent choice for businesses looking to reduce costs without sacrificing performance. Buying a used forklift truck is ideal when:
Budget is a Priority
A used forklift typically costs 25-50% less than a new one, offering significant potential cost savings.
Immediate Availability
A new forklift to arrive from the manufacturer can take weeks or even months. If you need a forklift yesterday, a used forklift can get you back to work immediately.
Light to Moderate Usage
If you only need a forklift for 15 hours per week or less, a used truck can deliver reliable performance at a lower cost.
Expanding Your Fleet or Adding a Backup Machine
A used forklift is perfect for businesses looking to supplement their existing forklift fleet for seasonal demand or as a backup option in case of breakdowns.
Familiarity for Operators
If your team is accustomed to a specific forklift model, replacing it with a used forklift of the same type can reduce training time and keep productivity high.
Sustainability Benefits
Used forklifts are often more environmentally friendly because they extend the lifespan of existing material handling equipment, reducing the need for new manufacturing.
Comparing the Costs: New vs. Used Forklifts
| Factor | New Forklift | Used Forklift |
| Upfront Cost | Higher | 25%-50% lower |
| Maintenance | Lower in the first few years | May require more frequent servicing |
| Warranty | Typically 12+ months | Varies (some may include a limited warranty) |
| Lead Time | May take weeks/months | Available immediately |
| Technology | Latest features & efficiency upgrades | Limited to existing features |
| Resale Value | Higher, slower depreciation | Depreciation already factored in |
| Customisation | Fully customisable | Limited to what’s available |
Potential Drawbacks of Buying New or Used
Downsides of a New Forklift:
- Higher purchase price – may strain budgets
- Depreciation – A brand-new forklift can lose up to 20% of its value in the first year
- Longer wait times – A new forklift to arrive can take months
Downsides of a Used Forklift:
- Higher maintenance costs – Older used equipment may need more repairs
- Limited availability – Finding a specific forklift model can take time
- No manufacturer warranty – Some dealers offer a limited used forklift warranty, but coverage varies
Should You Lease Instead of Buying?
Not sure whether to buy new or used? Leasing a forklift offers a middle-ground solution with lower monthly payments and flexible terms. Businesses that want access to new and used forklift models without a large upfront investment may benefit from a lease agreement.
Need a Reliable Used Forklift? Choose an Easy Truck Refurbished Model!
Not all used forklifts are equal. At Easy Truck, our Approved Used Toyota Forklifts go through a rigorous refurbishment process to ensure they perform like new.
- Full deep-clean & inspection
- Mechanical overhaul using genuine OEM parts
- New tyres, brakes, and hydraulic components (if required)
- Repainted and restored to factory condition
- 12-month warranty for peace of mind
👉 Learn more about our refurbishment process here: Easy Truck Forklift Refurbishment Process
Final Thoughts: Which Forklift is Right for You?
- Buy new if you need the latest features, heavy-duty performance, and long-term reliability.
- Buy used if you’re looking for cost savings, immediate availability, and light-to-moderate use.
Still unsure? Contact Easy Truck today, and we’ll help you find the perfect forklift to match your business needs.
📞 Call us now to discuss your forklift options!
