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Forklift costs can vary widely depending on exact specifications and customer needs, but there are some ranges to keep in mind. A brand new, electric forklift with standard capacity might cost $20,000 $45,000 dollars and up with an increase of $2,500 $5,000 for a battery and charger.

Forklift rental and lease companies have used forklifts for sale.

Forklift age is measured in hours. For a single-shift operation with an 8-hour work day, the average forklift runs 2,000 hours/ year. The average lifespan of a forklift is 10,000 hours, but this depends on the manufacturer. Above-average machines, such as Toyota forklifts, commonly last more than 20,000 hours.

No title for forklifts because they were not meant to be licensed. They are legally transferred with a bill of sale (Invoice) that includes the serial number and the date. If there is no warranty the invoice will be marked AS-IS so there is no question about future maintenance or any potential problems down the road.

A used, re-conditioned 3,000 lb. electric forklift might cost between $5,000 and $10,000. A used 5,000 lb. internal combustion forklift might cost $10,000 to $15,000.

There are seven classes of forklift truck equipment. A forklift operator must be certified to use each class of truck that they will operate. Classification depends on applications, fuel options, and features of each forklift truck equipment.