When should I replace my forklift?

5th Jun 2019

It can be difficult to know when to replace your forklift – you don’t want to get rid of equipment that still has years worth of life in it, but you also need to make sure your forklift is operating efficiently.

 

We understand that investing in brand new equipment is expensive. But you don’t have to spend a fortune when replacing your forklift. At Gregsons, we hold a number of forklift auctions throughout the year containing high quality used equipment.

 

Read on to find out the key signs that it might be time to pay a visit to one of our forklift auctions and upgrade your equipment.

 

When maintenance time starts to hinder your operating time

Maintenance is expected in forklifts that are over 1 year old, and undergoing preventative maintenance is encouraged. But it’s important to stay on top of the maintenance costs you spend on your forklift per year. You may notice a steady increase over time, but there comes a point where maintenance will outweigh productivity, which is when you need to consider an upgrade.

 

There are several ways you can keep track of forklift maintenance costs:

  • Estimate maintenance cost per hour: for example, if you use your forklift for an average of 2,000 hours per year, and you spent $2000 on repairs, the maintenance cost works out at only $2 per hour. If your maintenance cost per hour works out to be very high, it may not be worth the cost of ownership.
  • Monitor the yearly maintenance costs. If you notice a large increase in repair costs, this is a telltale sign that your forklift is ready to be retired. Keep in mind the equipment’s history and the nature of the maintenance work.

 

When you’ve reached the milestone of approximately 10,000 hours

This is just an average estimate of a forklift’s economic lifespan and is a good guideline to assist with evaluating when it’s time to replace your forklift. However, the number of hours will vary according to a number of factors such as the type of forklift, how often you operate it and the frequency of maintenance it receives.

 

Every operating situation is different, and a fleet management professional should evaluate all of the mediating factors to determine the optimal replacement point for your forklift. It’s always a good idea to schedule in a planned replacement w

 

When your forklift isn’t operating safely

Any abnormal noises or dangerous operating issues, such as dropped loads or fluid leaks, might suggest your forklift is ready to be replaced. If your forklift experiences any unusual issues, it’s important that you identify the problem and seek to repair or replace your forklift as soon as possible.

 

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