Where can I sell a forklift? You have several options, so which is the best way to do it?
We have over 40 years in the material handling industry and we would love to share our expertise and experience with you.
We'll go over the different ways that you can sell your forklift, list the advantages and disadvantages, and give you some tips along the way. So, let's get going.
Where can I sell a forklift? Find out the options
Where Can I Sell a Forklift?
If you have a forklift that you want to sell, you basically have two choices. You can sell it yourself or you can sell it to a forklift dealer who will then sell it to someone else. There are advantages and disadvantages to both options.
Pros and Cons of Selling Your Forklift Yourself
Pro - Better Price: If you choose to sell your forklift your self then the biggest advantage is that you should get a better price.
Con - Negotiating: If you aren't familiar with current forklift prices and you aren't used to negotiations, then you might not get the price that you deserve.
Con - Time: The biggest disadvantage to selling your forklift yourself is that it takes a lot of time and effort. If you need to sell quickly and you don't have a lot of spare time, then you might not want to try to sell your forklift yourself.
Where can I sell a forklift? Online or to a dealer
Pros and Cons of Selling Your Forklift to a Forklift Dealer
Pro - Price: A reputable forklift dealer that has been in business for a long time will usually offer you a good price for your forklift. This is because they want to make sure that they maintain a good reputation in the industry. The difference in the price that you get selling it yourself will go towards the time the dealer has to invest in selling your forklift for you.
Pro - Fast Sale: The biggest advantage of selling to a dealer is that you will get your money fast and you won't have all of the hassle of having to promote your forklift, find potential buyers, and negotiate a price.
Pro - Options for Replacement: Another great advantage of selling to a dealer is that if you need to replace the forklift that you are selling, you can do the deal all in one place. A dealer can help you choose the right forklift for your needs and will be up to date on the latest models and features available.
Con - Price: The biggest disadvantage to selling your used forklift to a dealer is that you might not get as much money for your forklift as you would if you sold it yourself. The dealer has to make some money selling it to someone else otherwise it's not worth their while to buy it from you.
You can sell your forklift online yourself
Where Can I Sell a Forklift Myself online?
There are fewer local buyers for forklifts than there are for personal vehicles like cars, so you will want to advertise your forklift to a wide audience. Selling it online is your best choice for attracting the widest audience. There are a number of popular online sites where you can list your forklift. The top two are Kijiji and Auto Trader.
Kijiji:
Kijiji will let you post an ad for free. It will run for 60 days and then you will have to re-post if your forklift hasn't sold by then. However, there are limits to how many ads you can post in each category. If you are posting multiple ads in the same category and you go over the limit, then you will need to pay for the extra ads.
Tip: If you want to sell your forklift faster, you might want to pay to promote it on Kijiji. The cost of promoting your ad will depend on the feature, city and category that you are posting in.
If others are promoting their ads as well then the price will be higher, however, if you are trying to sell your forklift fast, then you might decide that it is worth paying for this service.
You can sell a forklift online through Kijiji and Auto Trader
Auto Trader:
If you want to sell your forklift privately, Auto Trader is a great option. Similar to Kijiji, you can also place a free ad on their site.
Tip: Be sure to take good, clear photos of your forklift from different angles to upload. You are allowed to upload up to 15 photos of your forklift so take advantage of this.
Where Can I Sell a Forklift to a Dealer?
Check Reviews: If you want to sell your forklift to a dealer, make sure that you choose one that has a good reputation. You should do some research online and check out reviews of the dealers that you are considering in order to see if others have had a good experience with that dealer.
Check Websites: Check out their website to see if they sell used forklifts. Some dealers only sell new equipment. A good dealer will also take your used forklift in as a trade-in toward a new model.
Check How Long They’ve Been in Business: You should also take into consideration how long they have been in business. A reputable dealer can stay in business much longer than one that doesn't have a good reputation.
A reputable dealer that has been in the industry for a long time will be very familiar with the prices of used forklifts and will do their best to give you a fair price on yours.
Check online review to determine the reputation of the dealer
Setting Your Price
Probably the most difficult part of selling your forklift is setting your price. You want to get as much as you can for it, but you also want to price it competitively so that it won't take too long to sell.
There are a number of factors that will affect the price of your forklift, these include:
The capacity: The higher the lifting capacity, usually the higher the price for the forklift.
The hours used: Like mileage on a car, if your forklift has higher working hours on it, then that will lower the price.
The type of forklift: Generally an electric forklift will cost more than a propane one.
The condition of the forks: If they have cracks, bends or if they show signs of wearing in the fork heels, then the price will be lower.
The condition of the mast: The lift chains, hoses, mast rails and mast rollers need to be in good shape to get a higher price.
The condition of the tires: If your forklift needs new tires then that will affect the price too.
The condition of your forklift will affect the price you get
Do you need a new or USED FORKLIFT? Contact Wayco
If you are looking for top-quality new or used forklifts, contact Wayco.
Best Used Forklifts: We sell the best-used forklifts you can buy and our knowledgeable staff will be able to help you choose the perfect model that will best suit your particular applications.
Accept Your Trade-In: At Wayco, we purchase surplus equipment and we will accept your old forklift as a trade-in.
Deliver Your Forklift: We can even conveniently deliver your forklift right to you.
Financing Available: We also offer financing for both new and used forklift purchases.
Certified Vehicles: All of our pre-owned equipment is carefully inspected and certified.
Best Warranty: We offer an incredible 30-day front to back full warranty on our used forklifts that will definitely ease your mind when you buy.
Our new forklifts also come with the best warranties in the industry. For example, most of our lithium-ion battery forklifts from Hangcha come with an incredible 10 year / 20,000 hour warranty!
Contact Wayco today for all of your forklift needs.
““I have used Wayco twice, and both times I experienced excellent customer service . They had the right forklift for my needs at a reasonable price. I will be using their services in the future and recommend you do as well.””
