When making space in your warehouse or upgrading your equipment, you may consider selling your used forklifts.
Here at Singapore Forklifts, we’re more than happy to take a look at the condition of your forklift before quoting you a price for it.
Factors to Consider When Selling Your Forklift
Rise in Maintenance Costs
No matter how durable your forklift is, it will reach a point when repairs are needed so frequently that it’s not cost-effective to keep anymore. That’s because every time your forklift is sent for repair, there is a loss in productivity and an increase in cost.
Therefore, the golden rule is that you should sell your forklift before its value is fully depreciated to ensure cost-effective productivity.
Wear and Tear
The age of your forklift is measured by the number of hours that it has been used. This is important to note as the longer it has been used, the less value it naturally has.
However, note that better brands and models such as Toyota will be able to last longer.
As a general guide*,
|Number of hours||Value|
|7,500 – 10,000||Higher trade-in value|
|10,000 – 12,500||Decreased value|
|12,500 – 16,500||Lower value|
|16,500+||Lowest trade-in value|
Source: How to Get the Maximum Trade-In Value for Your Forklift
*These are just estimates. For a more accurate value analysis, contact your preferred forklift buyer.
Having said that, if the battery and charger of your electric forklift are still functional, it will still have significant value.
Other than the mechanical wear and tear, its exterior appearance plays a part as well. If your forklift has any visible damage such as scratches or dents, be ready to account for it.