New forklifts provide the best investment if you’re looking for long-term reliability and the latest technology.  

Pros of New Forklifts:  

• Latest Innovations – Buying new gives you the latest, most advanced performance features.  

• Great Condition – Purchasing a new forklift means there is no need to worry about wear and tear.  

• Fuel Efficiency – Modern forklifts are equipped with advanced engine technology for enhanced fuel efficiency.  

• Ergonomics – Special designs provide greater efficiency and better comfort.  

• Safety Features – Alarms and signals warn you of any proximity issues 

• Warranties – Comprehensive warranties that cover maintenance needs and repairs are available.  

• Customization – New forklifts are more customizable than used ones.  

• Fleet Uniformity – There are typically multiple new units accessible. If not, more can often be ordered factory direct. 

Cons of New Forklifts:  

• Long Lead Times – If you’re customizing your forklift or purchasing a high demand model, it’s possible that you’ll need longer lead times for delivery.  

• You’ll Pay More – There is a larger upfront cost than purchasing a used forklift.  

• Depreciation – Your forklift will lose value quickly after you purchase it.  

• Higher Repair Risk – There is a higher risk of maintenance issues and repair costs.  

• Lack of Warranty – Getting a limited warranty, or no warranty at all, means you’ll be responsible for any maintenance needs and repairs.  

• Outdated Safety and Efficiency – Forklifts are constantly being updated to have improved safety and efficiency features. Choosing a used forklift means you’ll miss out on the latest of these features.    

• Lack of Fleet Uniformity – Finding identical models in a company’s used forklift inventory may be impossible.  

Price Insights 

Finding a used forklift for under $10K is possible, but these heavily used models may need costly repairs. Used forklifts typically run between $10K to $30K, depending on their age and condition. A better option to consider is purchasing a certified pre-owned vehicle. It will cost more, but it’ll offer better reliability.  

Forklifts can come with unexpected costs if you don’t factor hidden expenses and long-term considerations into the equation. While used forklifts offer a lower upfront price, the ongoing cost of repairs and maintenance add up quickly, sometimes outweighing initial savings.  

Understanding these hidden costs before purchasing a pre-owned forklift can help you make a more informed decision. 

Hidden Costs You’ll Often Find with Pre-owned Forklifts  

• Higher Maintenance Costs – Pre-owned forklifts are more likely to need frequent repairs and new parts due to wear and tear. This treatment leads to increased operational costs over time.  

• Unplanned Repairs – As forklifts get older, hidden issues lurk and often only become apparent after their purchase.  

• Outdated Technology – Older forklifts trucks often lack the latest in efficiency updates and advanced safety features that come with modern versions. 

• Lower Resale Value – Used forklifts typically depreciate faster than new ones, resulting in a lower return on investment if you decide to sell it later.  

Long-term Considerations for New Forklifts  

• Warranty Coverage – New forklifts typically include a manufacturer’s warranty that covers major repair. You’ll see significant cost savings over time.  

• Fuel efficiency and Performance – Many newer models incorporate advanced engine technology, leading to better fuel economy and overall operational efficiency. These improvements help offset higher upfront costs. 

•  Advanced Features – New forklifts often include ergonomic designs, improved safety systems, and smart technology to enhance operator comfort and productivity. While these features increase initial cost, they may reduce long-term wear and tear on equipment and operator fatigue. 

• Resale Value Retention – New forklifts generally hold their value better than used ones, meaning they can command a higher resale price when selling or trading them in the future.  

Below are some common scenarios where one option may be a better fit than the other. 

When to Choose a New Forklift  

• Sufficient Budget – If your company has the financial resources available, investing in a new forklift is a smart choice. A new lift provides access to warranty protection, cutting-edge technology, reduced maintenance concerns, and more. 

• Heavy Daily Use – For operations that rely on forklifts for extended shifts and continuous workload demands, a new model offers greater durability, fewer breakdowns, and manufacturer-backed support. 

• Need for the Latest Safety Features – Businesses prioritizing workplace safety can potentially benefit from advanced technology such as stability control and collision avoidance systems. 

• Need for Operational Insights – Smart Telematic Systems provide real-time data on driver behavior, truck usage, impact reporting, and GPS tracking. These insights can be used to help improve safety, optimize efficiency, and streamline fleet management. 

• Standardizing a Fleet – If you need multiple forklifts at the same type, purchasing new ensures consistency in model features and performance. 

• Customization Needs – New forklifts offer greater flexibility for specific configurations, allowing you to choose load capacity, fuel type, and attachments tailored to your workplace needs more easily than a used model. 

• Long-term Investment – For companies looking for a forklift with a longer lifespan and higher resale value, a new model is best. 

When to Choose a Used Forklift  

• Lower Budget – If upfront cost is the primary concern, a used forklift provides significant savings while still offering solid performance.  

• Limited Daily Use – Businesses using forklifts for shorter shifts or occasional tasks can benefit from a used model without worrying about excessive wear.  

• Expanding Operations Quickly – When additional forklifts are needed on short notice, used models are readily available without the long lead times of new orders.  

• Short Term or Seasonal Needs – If you need a forklift temporarily or seasonally, investing in a used model prevents overspending on equipment that won’t be used year-round. 

• For Easier Maintenance and Familiarity – Mechanics and operators grow more used to older forklift models. This familiarity makes repairs more straightforward and reduces training time. 

When it comes to pricing your equipment, the following tips will help guide you toward the best overall choice of forklift for your operation.  

Tip #1: Choose a Reputable Brand 

Well established brands typically offer better warranty coverage, easier access to replacement parts, and a proven track record of performance. These manufacturers also work hard to give you stronger resale value and better reliability in the long run.  

Tip #2: Ask an Expert Forklift Dealer 

Meeting with a knowledgeable dealer and asking questions helps match you with the best material handling equipment. An expert dealer can also conduct a site visit, helping you to assess your facility layout, lifting requirements, and any operational needs.   

Tip # 3: Conduct a Thorough Inspection 

There’s a reason the phrase “kick the tires” exists—it’s a simple but important step in assessing equipment. Examine tire condition and tread depth, check the forks for damage or excessive wear, and test mast operation for smooth lifting without hesitation.  

For electric forklifts, do an assessment of battery health, charging capabilities, and power issues. Inspect for leaks, worn hoses, or fluid contamination in the hydraulic system, and verify all safety features—including alarms, lights and brakes—are functioning properly. 

Tip # 4: Review Service History 

Always ask for service records and previous owner details to get a good idea of how well the forklift has been maintained. A well-documented history of regular servicing and part replacement can indicate that the vehicle has been properly maintained. 

Tip # 5: Inquire About an Extended Warranty 

Extended warranties are an extra cost but will be well worth it if a part goes bad on your equipment. In other words, when something costly goes awry, the warranty pays for itself in no time. 

Tip # 6: Choose a Strong Aftermarket support system 

Reliable access to OEM and aftermarket parts ensures forklifts stay operational long after purchase. Companies like CLARK offer extensive parts distribution and quick delivery helping businesses maintain both new and used forklifts efficiently. In addition, a strong parts network minimizes down time and extends the forklift’s lifespan.  

Tip # 7: Don’t Forget About Operating Costs 

The forklift’s cost isn’t the only thing that will make costs go up in the long run. Also think about how much it’s going to cost to operate it.  

To recap, the price tag is not the only important factor when choosing between new and used forklifts. The answer is a bit more nuanced and depends on whether you want savings upfront or savings long-term. The best choice involves careful consideration of your organization’s budget, operational demands, and long-term goals.   

While new forklifts offer the latest technology, safety features, and warranty protection, used forklifts give you cost-effective solutions combined with immediate availability. Factoring in maintenance, financing options, hidden costs, and operating costs will help you make the best decision for your business. 

CLARK is a top ten manufacturer of forklifts and spare parts, making us a trusted brand for both new and used forklifts. Our expert dealers are standing by to help you solve time-wasting dilemmas and find the right solution to fit your needs—regardless of application.   

Whether you’re looking for a brand new-model or a well-maintained used option, CLARK dealers can guide you through the selection process, financing options, and aftermarket support to keep your fleet running efficiently.   

Find an expert CLARK Dealer near you today!