When you use a forklift on a daily basis, it can be hard to know what to do when something goes wrong with it. You have to decide if the forklift is worth repairing or if you should simply invest in a newer model. This guide will walk you through a few things to consider when deciding between buying a new forklift and repairing the one you already own.
Consider the Cost of the Parts
You first need to consider how much the parts for the forklift will cost. Older forklifts require parts that may not be in mass production anymore and will be difficult to find. The rarer the parts are, the more they will cost to purchase.
Before making your decision, find out what is wrong with the forklift and how much the parts will cost to repair it. This will help you decide if investing in a new forklift is a better financial option.
Consider the Cost of the Labor
When you take the forklift to the mechanic for repairs, they will be able to give you an estimate on how long it will take to repair the forklift and what they charge for their labor. Labor costs can sometimes be very high because working on a forklift requires specialized expertise.
Consider the Cost of Renting a Forklift
While your forklift is out of service, you will need to rent a forklift so that you can keep working. Fully consider the cost of renting a forklift for the entire time your forklift is being repaired. That way, you’ll know how much it truly costs to have your forklift repaired.
When rental companies know that they are going to be able to rent a piece of equipment for an extended period of time, they are guaranteed to make money each day. They will not have to go through the hassle of inspecting it each day like they would with daily rentals. Renting the forklift on a weekly basis will cost less per day than it would if you rented it daily.
Consider the Value of Your Current Forklift
Before having your forklift repaired, consider how much it is truly worth. If you can sell the forklift and still get a good amount of money for it, you may want to consider selling it and investing in a newer model. If your forklift is not worth a lot, you may not want to spend a lot of money repairing it because there is a good chance it will stop working again in the near future.
Consider the New Forklift’s Warranty
When wondering whether or not it is time to invest in a new forklift, it is important to consider if the new forklift will come with a warranty. A warranty will ensure that the forklift works as well as possible for an extended period of time. This means you will not have to worry about spending a lot of money on repairs in the near future.
Consider Your Financing Options
If you think buying a new forklift is the right option for you, consider your financing options for buying the forklift. Many companies do not have enough money in their bank account to buy a piece of heavy equipment outright. Financing allows you to pay for the forklift over an extended period of time so that you do not have to go into financial crisis to make the purchase.
When something goes wrong with your forklift, contact the experts at RDS Equipment, Inc. Whether you’re looking to rent a forklift, repair your current model or buy a brand-new forklift, we can meet your current equipment needs. Our knowledgeable staff can help you narrow down your options to ensure that you have a forklift you can depend on.
Consider the Cost of the Parts
You first need to consider how much the parts for the forklift will cost. Older forklifts require parts that may not be in mass production anymore and will be difficult to find. The rarer the parts are, the more they will cost to purchase.
Before making your decision, find out what is wrong with the forklift and how much the parts will cost to repair it. This will help you decide if investing in a new forklift is a better financial option.
Consider the Cost of the Labor
When you take the forklift to the mechanic for repairs, they will be able to give you an estimate on how long it will take to repair the forklift and what they charge for their labor. Labor costs can sometimes be very high because working on a forklift requires specialized expertise.
Consider the Cost of Renting a Forklift
While your forklift is out of service, you will need to rent a forklift so that you can keep working. Fully consider the cost of renting a forklift for the entire time your forklift is being repaired. That way, you’ll know how much it truly costs to have your forklift repaired.
When rental companies know that they are going to be able to rent a piece of equipment for an extended period of time, they are guaranteed to make money each day. They will not have to go through the hassle of inspecting it each day like they would with daily rentals. Renting the forklift on a weekly basis will cost less per day than it would if you rented it daily.
Consider the Value of Your Current Forklift
Before having your forklift repaired, consider how much it is truly worth. If you can sell the forklift and still get a good amount of money for it, you may want to consider selling it and investing in a newer model. If your forklift is not worth a lot, you may not want to spend a lot of money repairing it because there is a good chance it will stop working again in the near future.
Consider the New Forklift’s Warranty
When wondering whether or not it is time to invest in a new forklift, it is important to consider if the new forklift will come with a warranty. A warranty will ensure that the forklift works as well as possible for an extended period of time. This means you will not have to worry about spending a lot of money on repairs in the near future.
Consider Your Financing Options
If you think buying a new forklift is the right option for you, consider your financing options for buying the forklift. Many companies do not have enough money in their bank account to buy a piece of heavy equipment outright. Financing allows you to pay for the forklift over an extended period of time so that you do not have to go into financial crisis to make the purchase.
When something goes wrong with your forklift, contact the experts at RDS Equipment, Inc. Whether you’re looking to rent a forklift, repair your current model or buy a brand-new forklift, we can meet your current equipment needs. Our knowledgeable staff can help you narrow down your options to ensure that you have a forklift you can depend on.
