How Much Does a Forklift Cost?

Why we publish no forklift prices, what the question should be instead, and how to get quotes you can actually compare against each other.

We do not publish forklift prices, and it is worth explaining why before answering the question properly.

Why there is no price on this site

Forklift pricing is quoted, not listed. The same model number can differ substantially in price depending on mast, tyres, attachments, battery or engine option, warranty term, dealer, region and whether it is bought, leased or rented. Any single “average price” figure would be wrong for almost every reader, and we would have no source to stand behind it.

Every specification on this site is transcribed from a published manufacturer document and shown with its source. We hold no sourced price data, so we publish none. That rule is the point of the site.

What the question should be

Purchase price is the smallest of the three numbers that matter. Over a working life, a forklift costs you:

  1. Acquisition – purchase, lease or rental, less whatever the truck is worth when you sell it.
  2. Running cost – energy or fuel, maintenance, tyres, and for electric trucks the battery replacement.
  3. Operator cost – which, at typical hours, is usually larger than the other two combined.

A truck that is cheaper to buy and more expensive to run can easily cost more over five years. That is the calculation to make before comparing quotes.

How to get a price you can actually compare

  • Specify the truck precisely before asking. Capacity at your load centre, lift height, mast type, tyres, attachments, and indoor or outdoor use. A quote against a vague specification cannot be compared with another quote against a different vague specification.
  • Ask for the same thing from each dealer. Use the model pages here to pin down the specification, then send the same list to everyone.
  • Ask what is included. Delivery, operator training, the first service, the battery and charger, and the warranty term. These move the number significantly.
  • Ask for the service contract cost per hour separately. This is the figure to put into the maintenance field of the calculator.
  • Get the residual value in writing if the deal depends on it.

Buy, lease or rent

Rental suits short or unpredictable need and seasonal peaks. Leasing converts a capital cost into a monthly one and usually bundles maintenance. Buying is normally cheapest over a long life if you have the capital and the utilisation to justify it. The deciding number is annual operating hours: below a few hundred hours a year, owning a truck is hard to justify against renting one.

Work out the real number

Put your own quoted price, hours and energy costs into the total cost of ownership calculator. It will show you what the truck costs per year and per operating hour – the figures that let you compare two quotes properly.

Total cost of ownership calculator