One of the big questions that you may ask when looking to upgrade your material handling equipment fleet is ‘how much does a forklift cost?’ The cost burden of buying a forklift can have significant impacts on your bottom line. Renting or leasing your equipment can be the short-term procurement option that will allow you to keep up-to-date with the leading forklift technology without the need to buy it. Deciding between renting or leasing your forklift can be a complicated process, yet knowing the impacts of using each approach can make the decision less of an undertaking. We have compiled the average forklift prices for both renting and leasing for the most common forklift models.
The first step in the procurement process is determining whether renting or leasing will be better suited for you. Listed below are the advantages of both financing options.
It is important to take note that if your facility has specific requirements that need to be matched with the size of the lift, such as door heights and aisle widths, then you may need a very specific type of forklift. Equipment may not be readily available when you are looking to change or upgrade your forklift.
The cost of your forklift will depend on the type of financial solution you choose. Now that you have a better understanding of the elements of both leasing and renting, we have detailed the forklift price for each.
We have broken down the forklift cost for machines costing $30-50K. An FMV lease for an IC forklift with pneumatic tires, 3-stage mast, side shifts, and 2,000 annual hours of work for normal/dry conditions would generally come out to the below pricing for a 36 or 60-month leasing period. These prices should be used as a reference when considering acquiring a forklift.
$580 - $720
$430 - $520
$775 - $950
$575 - $690
$970 - $1,190
$720 - $860
For rental pricing, it depends purely on the amount of time you are looking to rent the machine, the type of lift, the tire type, the fuel type, and whether it is in a new or used condition. A customized financial solution can be developed by the team at Meridian to fit your organizational needs.
Keep in mind that this pricing can be different for each company that is looking to rent or lease. The factors listed below are associated with these prices and will determine how much you will end up paying for the forklift:
Forklift leases and rentals can seem daunting, but it doesn’t have to be. Here at Meridian Leasing, we are here to provide transparency to the seemingly complicated process with our consultative approach. We can work with you to find the machine and financial solution that will best match your organizational goals within your budget. Call +1 (855) 980-4578 or send an email to [email protected] for more details or to speak with a material handling equipment specialist.