This article explores when buying used makes financial sense, what to inspect before purchasing and how to choose a reliable supplier.
When Buying Used Makes Financial Sense
Buying a second hand forklift can be a smart financial decision when your business needs reliable equipment without the higher upfront cost of a new machine.
It makes the most sense for companies with moderate usage needs, seasonal demand, or tight cash flow.
Depending on your business structure, purchasing a second hand forklift may also qualify for wear-and-tear allowances on business assets. It’s worth speaking to your accountant about how this may apply to your operation.
What to Inspect Before Purchasing
Before buying a used forklift, it’s important to perform a thorough inspection. This can help you avoid unexpected repair costs and ensure the machine is suitable for daily operations.
Key areas to check include:
- Tyres and overall wear
- Mast, forks and hydraulics
- Battery or engine condition
- Service history and maintenance records
- Brakes, steering and safety features
How to Choose a Reliable Supplier
Choosing the right supplier is just as important as choosing the right forklift.
Look for a company that understands your operational needs and can help match you with the right make, model and lifting capacity for your operation. A reputable supplier should offer:
- Quality used or refurbished forklifts
- Transparent advice and product information
- Access to parts and servicing
- Knowledge of different forklift applications
When a New Forklift May Be the Better Choice
While used forklifts offer excellent value, a new machine may be better if your business requires advanced features or niche specifications.
New forklifts typically offer longer warranty coverage and fewer immediate maintenance concerns, making them a good choice for high-demand operations.
Looking for a quality second hand forklift in South Africa? First Forklifts offers a wide range of used and refurbished forklifts to suit different operational requirements. Speak to our experienced team for expert advice on choosing the right machine for your business.
FAQs
When does buying a used forklift make financial sense?
Buying used makes sense when your business needs reliable equipment at a lower upfront cost, especially if you have moderate usage needs, seasonal demand or tight cash flow.
What should I inspect before buying a second hand forklift?
Check the tyres, mast, forks, hydraulics, battery or engine condition, service history, brakes, steering and safety features before making a purchase.
When might a new forklift be a better option?
A new forklift may be better if your business needs advanced features, niche specifications, longer warranty coverage or equipment for high-demand operations.