As human beings, we like to think we’re pretty strong. But despite our best efforts, we’re not that strong. In fact, there’s a lot of things that the average person just can’t lift.
Thankfully, we’re pretty smart, too, and we’ve got plenty in the way of technology to help us out with that. One of the best examples of that is the forklift, a staple of countless industries worldwide. Pretty much anywhere where heavy stuff needs to be lifted or moved, you’ll find a forklift.
But how much does a forklift cost to buy? What about forklift rental? And which one is more cost-effective in the long run? Let’s take a look at the answers to those questions.
How Much Does a Forklift Cost to Buy?
Forklifts, like most other industrial equipment, don’t come cheaply. Most forklifts, depending on the quality and a few other factors, generally cost between $20,000 and $35,000. The average price in the United States is around $25,000 for a forklift.
Of course, there are a lot of other factors that need to be taken into account when estimating the cost of purchasing a forklift. For example, electric forklifts will require additional batteries at some point. These on their own can cost you a couple of thousand dollars; the best batteries can run as high as $5000.
You also have to take other features into account. Whether it be increased lift capacity, or any number of other additional features, there are plenty of things that can rapidly increase the price of a forklift.
Brand, too, is an important factor in the price of a forklift. Toyota, one of the most common brands on the market, averages at around $20,000 dollars. Some of the highest-end brands, on the other hand, can easily cost twice that much. The brand Linde, for example, can run as high as $60,000 per unit.
Is Forklift Rental the Better Option?
As with other equipment, forklift rental is a viable alternative to buying the device outright. But is it actually any cheaper than just purchasing a forklift directly?
In the short term, yes, rental is much cheaper. An average device can be rented for as little as $500 per month, although the average tends more towards $1000 monthly. If you only need the forklift for a short period of time, this is obviously much cheaper than purchasing the forklift outright.
Of course, if you’re going to need to make use of a forklift long-term, then purchasing the device may be more cost-effective in the end. But generally, rental is going to be the more affordable option.
Finding the right forklift rental service is essential as well. Prices can vary between different options, so finding a place that gives you the best quality for your money is important.
Rent a Forklift Today
Forklift cost is as variable as any other purchase, but in general, rental is the cheaper option. Unless you need the device for a very long time, a rental will almost always be more cost-effective.
So head out, find a good rental service, and rent a forklift for your project or business today. Forklifts are an invaluable tool, and you won’t regret the decision. For more auto-related tips and news, check our site often!