Forklift Lease Payment Calculator
If you were wondering how much does it cost to lease a forklift, you have come to the right place. Here we provide you with a free lease payment calculator to estimate the lease payment on a forklift.
New Versus Used Forklift – Which is Better?
Many savvy business professionals have wondered whether it was a better decision to lease a new forklift or to lease a used forklift. In the case of leasing a new forklift, you can expect a higher initial purchase price. A new electric forklift can cost $35,000 when you are buying a quality lift truck that includes a forklift truck, battery, and a charger – delivered to your door. Expect your new forklift to come with a 3-year warranty for major components and a 1-year full warranty.
A used forklift with a fairly new battery and a used 3-phase charger will cost you roughly $28,000 to buy. Expect the warranty to come with a 30-day full warranty, and a 90-day major component warranty.
Which is a better purchase? A new forklift or a used forklift?
Let’s calculate the lease payment for both a new forklift and a used forklift in this free, online forklift lease payment calculator to help answer the question.
What is the better decision? Lease a New Forklift or Lease a Used Forklift?
In the above example, you can see that a new forklift costs considerably more to purchase upfront. You will spend 25% more to receive a new forklift compared to a decent used forklift (with a warranty). This may seem like a considerable premium to pay for a new forklift.
The benefits of leasing a new forklift
But if you look at the lease payments of both trucks, you will find that a new forklift’s lease payment in less than a dollar a month more. In return, you receive a new truck warranty for 3 years, with the reliability of a new battery and a new charger.
Benefits of leasing a new forklift include:
- New forklift warranty of 1 year full bumper to bumper
- New forklift warranty on the drive train of up to 3 years (major components)
- New battery with a 5, 6, or 7 year warranty
- New forklift battery charge with up to a 7 to 10 year warranty
The benefits of leasing a used forklift
Now, some may argue that at the end of the lease period, you would own the forklift whereas with a new forklift, you would be required to lease the truck again at a fair market value or you would have to enter into a new lease for a new forklift. This would all be true.
Here are some of the benefits:
- At the end of the lease, the forklift would be yours to keep – no more payments
- Forklifts have at least a 10,000 hour life – this means your forklift could well last you over 10 years of operational value
- Lead acid batteries can last 8-9 years if they are watered and equalized regularly
- Chargers often have a 10 year warranty and a 20 year life
How Much Does it Cost to Lease a New Linde Forklift?
If you are interested in leasing a brand new forklift from the world’s 2nd largest forklift manufacturer (Linde), fill out the form on the righthand side and we will contact you to understand your needs and tailor a lease to your operating budget.
To buy or lease a good value electric stacker, click here.
To buy or lease an electric pallet jack, click here.
How Much Does it Cost to Lease a Used Toyota Forklift?
If you are interested in leasing a good quality used forklift from the world’s largest forklift manufacturer (Toyota), fill out the form on the righthand side and we will contact you to understand your needs and tailor a lease to your operating budget.
How Much Does it Cost to Buy Racking for a Warehouse?
If you are interested in buying or leasing racking for your warehouse, use this calculator to estimate a budget for warehouse racking, and then fill out the form on the righthand side to contact us for a formal racking proposal.