Tips For Trading In Your Forklift

Once you have made the decision to purchase a forklift, it is time to start finding forklift sales. Another thing you need to keep in mind is a lot of forklift sellers will offer a trade in credit, which will decrease the purchase price of a new forklift.

This could save you a lot of money and time, as you will not have to worry about listing your old forklift for sale. Since purchasing a new forklift will be a streamlined process, here are some tips for you to follow to maximize your savings on heavy machinery.

forklift wheel

Understand depreciation, market value and wholesale price

Unfortunately, the value of your forklift will depreciate over time. Age plays a major factor in its value, so make sure to take the time to find true market value on your current forklift. Additionally, get a wholesale price for the model that you own. This will offer an idea of what to expect for the trade in value of your lift.

Don’t forget to account for market price, wholesale price and depreciation. Analyze all of these factors to come up with a fair trade in value. Knowledge is key when dealing with trading in a forklift. When you go into a deal knowing the value of your forklift, you will be able to truly evaluate the offer that is being presented to you.

Clean up your forklift

Before having your forklift evaluated, take the time to properly clean it up. The deal that will be made between you and the dealer will heavily weigh on the current state that your forklift is in. Therefore, you want to make your forklift look appealing, so the dealer will get a good impression. Make sure to wash it and take any add on accessories off your forklift. Cleaning up your forklift will typically give you a higher appraisal value.

Provide documents, especially maintenance records

It is crucial that you present maintenance records, as the dealer will want to know what you have had replaced or fixed on the forklift. This type of documentation may be required for a dealer to even consider taking the forklift on a trade in for a new one. The dealer will be able to give the most accurate appraisal value when you present this type of documentation.

When it is time to sell your forklift, take these helpful tips into consideration to ensure you get the most money possible for your lift. For more information, give us a call today at (888) 329-5438.