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Forklift Price: 4 Things That Affect It

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Considering that buying a forklift in Singapore can cost around SGD 20,000 to SGD 300,000, these four things may help you decide what forklift fits your budget.

man driving komatsu forklift

Buying and owning a forklift can be an expensive proposition. Knowing what factors affect a machine's price can help you narrow your choices and pick a forklift that best suits your needs.

1. Capacity

A machine that can lift heavier loads will cost more than a forklift that lifts comparatively lighter weights. This is because larger machines require heavier parts to do their tasks safely. So before buying a forklift, consider the load requirements of your project before opting for a heavier, more-expensive machine.

2. Quality

Not all forklifts are built the same. Machines from well-established manufacturers will cost more initially but may make up for it in reliability. A forklift made with better parts will not break down as often as a lower-quality machine and will require less maintenance and repairs.

Our recommendation: Komatsu forklifts

3. Maintenance and operating costs

On a related note, forklift expenses continue beyond their purchase. Once you acquire a machine, you must factor in maintenance, repair, and part replacement costs. As said previously, buying a high-quality machine may help minimize these costs in the long run, but the initial cost may be comparatively higher.

If you want to know more about forklift maintenance, check out this article.

4. The Warranty

When buying a forklift, the seller may include a warranty with your purchase. While this adds to the initial price, a warranty may save you money on troublesome repairs or parts replacement. Always consider the coverage of your warranty before paying for a machine.

three types of komatsu forklifts

Where to buy forklifts in Singapore? Explore our selection. Scantruck has a variety of options for your business. Browse them here.

We've partnered with the best global brands, like Komatsu, to provide the best value for all your material-handling equipment needs. For the Komatsu catalogue, please click here.

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