When business owners plan warehouse upgrades, expansions, or equipment replacement, one of the first questions they ask is how much a forklift costs. The price can vary widely based on the type of forklift, its power source, lifting height, brand, and whether it is new, used, or rented. Understanding these cost factors helps business owners make better decisions and budget more accurately.
This guide breaks down the cost of new forklifts, used forklifts, and rental options in simple terms. It also explains the extra expenses that many buyers forget to plan for, such as maintenance, batteries, and service contracts.
Average Cost of New Forklifts
New forklifts come in several types, and each has its own price range. Business owners often choose new forklifts when they need long-term reliability or when the machine will be used heavily every day.
Electric Forklifts
Electric forklifts are popular for indoor use, warehouse operations, and businesses that want cleaner and quieter machines.
Average cost range: $25,000 to $45,000
Higher-capacity models can cost $50,000 to $80,000.
Electric forklifts often have a higher upfront cost, but they save money over time because they have fewer moving parts and lower fuel expenses.
Diesel Forklifts
Diesel forklifts are ideal for outdoor use, heavy lifting, and rough environments.
Average cost range: $30,000 to $55,000
Large-capacity models can reach $60,000 to $100,000+.
Also Read: Electric vs Diesel Forklifts
Businesses choose diesel forklifts when they need more power and long run time without frequent charging stops.
LPG / Gas Forklifts
These forklifts are common in mixed environments and provide stable power output.
Average cost range: $20,000 to $40,000
Larger or specialty models may cross $45,000+.
LPG forklifts offer good performance indoors (with ventilation) and outdoors.
Cost of Used Forklifts
Used forklifts are often a smart choice for small businesses, seasonal operations, or companies wanting to expand quickly without large investments. The price depends on age, hours used, brand, and overall condition.
Typical cost range:
$10,000 to $25,000 for most standard used forklifts
Heavier-duty models may cost $25,000 to $40,000+
Buying used can cut the initial expense almost in half compared to new forklifts. Many businesses choose used units when their workload is lighter or when they want to add extra backup machines without high investment.
A used forklift with low operating hours and service records offers strong value and reliable performance when sourced from a trusted dealer.
Forklift Rental Costs
Many business owners prefer renting forklifts when they need equipment for short projects, busy seasons, or breakdown replacement. Rental removes the need for upfront spending, long-term maintenance, or storage.
Typical rental prices:
Daily rental: $150 to $300
Weekly rental: $500 to $1,200
Monthly rental: $1,200 to $3,000
Electric models and high-capacity diesel machines may cost more. Rentals are ideal for companies that do not need a forklift every day or want flexibility with no long-term commitment.
What Affects Forklift Pricing?
Several factors change the price of a forklift, whether new, used, or rented. Understanding these helps business owners avoid surprises.
Load Capacity
Higher lifting capacity means a higher price. A 3,000 lb forklift costs far less than a 10,000 lb or 15,000 lb model.
Lift Height
Forklifts with higher masts or special height features cost more due to added engineering and stability requirements.
Brand and Build Quality
Brands known for durability and service support often have higher initial prices but offer better long-term value.
Power Source
Electric forklifts may cost more initially because of batteries and chargers. Diesel and gas forklifts may have lower upfront price but higher fuel and maintenance costs.
Hours of Use (for Used Forklifts)
Used forklifts with low operating hours, clean service history, and no major repairs will cost more than heavily used units.
Additional Costs Business Owners Should Plan For
Many companies budget for the forklift but forget about the extra expenses that come with ownership. These added costs vary based on the type of forklift and how often it is used.
Battery and Charger (Electric Forklifts)
A new industrial battery can cost $3,000 to $7,000.
A charger can cost $1,500 to $3,000.
Fuel Costs (Diesel or LPG Forklifts)
Diesel prices and LPG tank replacements add to long-term operation costs.
Maintenance and Service
Service plans usually range from $1,000 to $3,000 per year depending on usage.
Regular service helps prevent breakdowns and extends lifespan.
Tires
Forklift tires range from $300 to $1,500 depending on solid or pneumatic type.
Attachments
Side-shifters, fork positioners, clamps, and specialty forks add to total costs.
Also Read: Daily Forklift Inspection Checklist
How to Choose Between New, Used, and Rental
Choose New If:
-
You use forklifts daily for heavy work
-
You want the longest lifespan and strong warranty
-
You need custom features or exact specifications
Choose Used If:
-
You have a limited budget
-
Your operations are light to moderate
-
You need extra machines as backups
Choose Rental If:
-
You only need forklifts occasionally
-
Your workload changes across seasons
-
You want equipment with no long-term responsibility
Choosing the right option depends on budget, workload, frequency of use, and long-term goals.
Conclusion
Understanding forklift costs helps business owners plan smarter and avoid unexpected expenses. Whether you are looking for new forklifts, used forklifts, or rental options, choosing the right type depends on workload, budget, and long-term needs. Evaluating capacity, height, power source, and service requirements makes decision making easier and more accurate.
If you want help choosing the right forklift, comparing options, or getting service support, you can connect with Dallas Forklift for reliable guidance, equipment, rentals, and repair services:
https://dallasforklift.com/