Determining Value Of Used Forklifts For Sale

Determining monetary value for used forklifts turns out to be quite a difficult job. If you are a seller, you’d like to make sure that you sell it at a profit no matter even if it’s a very small one. However, you’d also want to make sure that potential buyers do not run away just because you have overpriced your rough terrain forklifts. On the other hand, if you are a buyer, you’d not like to overpay for a forklift, which might require added maintenance, some new parts or have other things to spend on. So, here are some factors that will help you in setting a realistic price for second-hand forklifts.
First thing to consider is the age of your product. It’s, in fact, one of biggest factors that contribute to setting a price for your forklifts for sale. As prices of machines usually depreciate at exponential rate, you may want to check the price of the new model and then start depreciating from there for the number of years that you have used your product for. Usually, the depreciation per year is around 15%. So, apply this percentage before getting into anything else and considering other factors for evaluating the price of your machine.
Next, you should consider history and usage of the machine that you want to sell or buy. Two used forklifts for sale can have same year of manufacturing but their value may be much different because of their usage history. For instance, if there is a forklift that was run 20 hrs/day for lifting some of the heaviest concretes and the other forklift with same model was used for just 10 hrs/day to lift lighter loads at a warehouse, the price of the second forklift will be far higher compared to the first.
So, consider these aspects and many others before you determine the value of used forklifts.

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