Forklifts Buying Guide To Keep Startup Costs Low For Entrepreneurs

Starting a business can be an exhilarating and overwhelming time for entrepreneurs. But thankfully, there is no shortage of business startup resources online for you to take advantage of, like this one. If you plan on starting a construction business, buying forklifts is going to be one of the first large construction equipment concerns you will need to address once you have established your business address. Forklifts are not cheap. It is a sizable business investment. That means it requires extra consideration. Learn what you should keep in mind when shopping for forklifts below.

New Or Used

When buying a forklift for business, you will need to decide between new forklifts or used forklifts. This is the very first decision you need to make. A used forklift will be much cheaper. That could be a necessity for entrepreneurs with limited startup capital. However, it may also require more costly maintenance. That could make the wrong used forklift a poor investment. New forklifts will cost much more, but will also provide peace of mind for years to come. Consider your startup budget to help you make the best decision.


Leasing forklifts is another possibility for entrepreneurs looking to keep startup costs low. Leased forklifts work the same way as leased cars do. You will be required to make monthly payments on the forklift. However, there are several different types of leasing that you may want to consider. Full payout forklift leases have higher monthly payments, but in the end, the forklift is yours. Full service forklift leases act like traditional rentals. You get to use the product for a monthly payment, but the provider is responsible for repairs and maintenance. Operating forklift leases, or fair marketing value forklift leases, have the lowest monthly payments. However, you will be required to pay full market value if you plan on keeping the forklift in the end, which could be costly. Consider these leasing options too when searching for forklifts for construction businesses.

Types Of Forklifts

There are several different kinds of forklifts that are available for purchase. You will need to consider what type of forklift is best for your new construction business when dealing with procurement. Sit down rider trucks, reach trucks, rough terrain forklifts are all viable possibilities. Pallet jacks and order pickers, on the other hand, are not going to be of much use for your construction business. Figure out what type of forklift is best for construction that you plan on doing. Then, you can begin to start looking at the various forklift models in that style.

Post-Sale Support

When you buy a new forklift, you get access to post-sale support from the forklift dealers you do business with. This is important to keep in mind while shopping. Some forklift dealers offer better post-sale support and maintenance than others. Your forklift will require maintenance throughout its years in use. Be sure to do business with the dealer you feel offers the best support and maintenance for your dollar. Consider the number of on-staff professional service technicians and the turnaround time on repairs. Also ask about the accessibility of name brand parts on-hand at the dealer. This way, you can be sure that routine maintenance is taken care of quickly and your forklift lasts for many years to come.

Forklift Specs

Finally, you will want to consider the specs of the various forklifts you are considering buying. If you are just starting out, you will not necessarily need top of the line products. You may want to start by looking for mid-level products that are reliable, but affordable. The forklift specs will give you an idea of the overall performance of the construction equipment. That will help you decide whether or not it will work for your new construction business. Make sure you compare forklift specs for each piece of equipment you consider to help you make the most informed decision. This is sure to be the best you can do for your wallet and your future construction business operations.

If you are an entrepreneur looking to open a construction business, buying a forklift will be one of your first concerns when it comes to construction equipment. You will have to tackle this obstacle long before you ever worry about time management software solutions. Buying construction equipment is a costly and nerve-wracking process. Let this forklift buying guide ease some of those tensions and help you score the best deal on your machinery. Consider all the above elements when buying forklifts for business. It is sure to help you get the best equipment at the best price.

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