Each year, businesses look for ways to optimise their operations and maximise efficiency. 2024 is no exception. For many companies, particularly those in the materials handling and logistics sectors, this means investing in high-quality equipment that can withstand a fast-paced, demanding work environment. One piece of machinery that plays a crucial role in these industries is the forklift truck.
Whether you’re in the market for a new forklift or looking to upgrade your existing fleet, it’s essential to understand what features and characteristics to prioritise. Below, we look at the key factors to consider when choosing a budget forklift truck in 2024, so you can make an informed decision that aligns with your business needs and financial constraints.
What Are the Different Types of Forklift Trucks Available?
First things first: You need to familiarise yourself with the various types of forklift trucks that are available. The most common types include:
- Counterbalance forklifts – These forklifts have forks at the front and a weight at the back to balance the load, making them ideal for general warehouse use.
- Reach trucks – These forklifts are designed for narrow aisles. They have extended reach capabilities to access goods stored on high shelves.
- Telehandlers – With a telescoping boom, telehandlers are used for lifting loads to great heights, often on construction sites.
- Pallet trucks -These are compact forklifts designed specifically to move pallets, often used for low-level lifting tasks.
- Order pickers – Ideal for warehouse environments, order pickers allow operators to lift themselves to pick items directly from high shelves.
- Sideloaders – These forklifts carry loads on their sides, making them perfect for handling long materials like timber or pipes in narrow aisles.
Each type is designed for specific applications and environments, so it’s crucial to choose the right one for your business.
Should You Buy a New or Used Forklift Truck?
Once you’ve got a model in mind, you need to decide between a new or used forklift truck. This decision depends largely on your finances and operational needs. A new forklift offers the latest technology, improved fuel efficiency, and warranties for peace of mind, but comes with a higher price tag.
On the other hand, purchasing a used or refurbished forklift can be a cost-effective alternative, especially if you need to manage expenses without compromising on performance.
At TAG Forklift Trucks, we sell new and used forklift equipment. As a third alternative, consider hiring a forklift, especially if you need it for a specific or short-term task that doesn’t justify purchasing your own.
Key Factors to Consider When Choosing a Budget Forklift
Lift Capacity
Lift capacity is the maximum weight a forklift can safely lift and transport. It’s essential to choose a forklift with a lift capacity that matches or exceeds your typical load weights. Overloading a forklift can lead to accidents, damage to goods, and premature wear and tear on the equipment.
When assessing lift capacity, consider not only your current needs but also potential future requirements. If you anticipate handling heavier loads in the future, it may be worth investing in a forklift with a higher lift capacity now to avoid the need for an upgrade later.
Power Source
Forklifts are available with various power sources, each with its own advantages and disadvantages. The three main options include:
- Electric forklifts – Electric forklifts are becoming increasingly popular due to their eco-friendly nature and lower operating costs. They’re ideal for indoor use and environments where air quality is a concern.
- LPG (Liquid Petroleum Gas) forklifts – Gas forklifts offer good performance and are suitable for both indoor and outdoor use.
- Diesel forklifts – Diesel forklifts are typically used for heavy-duty outdoor applications.
When choosing a power source, consider factors such as your operating environment, shift lengths, and access to refuelling or recharging facilities.
Manoeuvrability
In tight spaces or busy warehouses, manoeuvrability is crucial. Look for features that enhance a forklift’s ability to navigate confined areas, such as:
- Compact design
- Tight turning radius
- Good visibility from the operator’s position
- Responsive steering
Remember that a more manoeuvrable forklift can help increase productivity and reduce the risk of accidents in crowded work environments.
Safety Features
Safety should always be a top priority when selecting a forklift. Modern forklifts come equipped with various safety features, including:
- Operator presence sensing systems
- Load weight indicators
- Speed limiters
- Automatic braking systems
- Overhead guards
- Backup alarms
While financial constraints may limit the number of advanced safety features you can afford, it’s essential not to compromise on basic safety requirements. Investing in a safer forklift can help prevent accidents, reduce downtime, and potentially lower insurance costs.
Operator Comfort
Operator comfort might seem like a luxury, but it can significantly impact productivity and job satisfaction. Features that enhance operator comfort include:
- Ergonomic seating
- Adjustable steering columns
- Low-vibration design
- Good visibility
- Easy-to-reach controls
A comfortable operator is likely to be more productive and less prone to fatigue-related errors, making this an important consideration even for budget forklifts.
Maintenance and Service Requirements
When looking for a budget forklift, don’t consider just the initial purchase price. You also need to look at the long-term maintenance and service costs. Look for forklifts that are known for their reliability and have readily available spare parts. Consider factors such as:
- Ease of access for routine maintenance tasks
- Availability of local service and support
- Warranty terms
- Cost and availability of replacement parts
At TAG Forklift Trucks, we offer comprehensive maintenance and repair services to keep your forklift in top condition throughout its cycle.
How Do You Determine the Total Cost of Ownership for a Forklift?
Forklift costs don’t stop at the initial purchase price. Buyers must also consider the total cost of ownership (TCO). This includes factors such as:
- Fuel or energy costs
- Maintenance and repair expenses
- Insurance costs
- Operator training expenses
- Potential resale value
By considering the TCO, you can make a more informed decision that takes into account both short-term and long-term financial implications.
What Training and Certification Are Required for Forklift Operators?
Proper training and certification are essential for forklift operators. In the UK, the Health and Safety Executive (HSE) requires that all forklift operators receive adequate training. This typically includes:
- Basic operator training
- Specific job training
- Familiarisation training
When planning to buy a forklift, don’t forget to factor in the cost of operator training if necessary. At TAG Forklift Trucks, we offer a full range of forklift operator training. Our training courses are led by an RTITB-accredited forklift instructor and are suitable for novice and experienced drivers.
How Do You Finance a Forklift Purchase?
If purchasing a forklift outright isn’t feasible for your budget, there are several financing options to consider:
- Lease agreements
- Hire purchase
- Short-term or long-term hire
Making the Right Choice for Your Business
Choosing the right budget forklift for your business in 2024 means carefully weighing up numerous factors. By prioritising your specific needs, considering long-term costs, and focusing on safety and efficiency, you can find a forklift that offers excellent value for money without compromising on quality or performance.
Contact Us Today
TAG Forklift Trucks is committed to helping businesses find the perfect forklift solution for their needs and budget. Whether you’re looking to buy or hire equipment, require maintenance services, or need advice on forklift attachments, our team of professionals is here to help. Contact us today for more information.
