Assessing the value of second hand forklifts can tend to be a challenging task to perform. If you are a seller, you surely will want to make sure that you assess the right value in order to make a reasonable amount of profit out of the sale. At the same time, you would not want to scare your potential buyers by offering something overpriced. On the other hand, if you are a buyer, you would surely not want to overpay or overvalue second hand forklifts which may eventually need more repairs, maintenance or other services. Pricing is extremely subjective and based on different factors.
Considerations on Second Hand Forklifts Value
The very first thing to determine in assessing second hand forklifts value includes the age of the forklift in years. As a matter of fact, it is one of the biggest factors used in the overall determination of their value. Just like any type of vehicle, they may also depreciate through time. On the average, every year, a forklift depreciates up to 15%. Keep this in mind when you are calculating the value together with all other factors.
What if you have two second hand forklifts in front of you and both were produced on the same year? The next factor that you can use to determine their value is history and usage. Yes, they may have been manufactured on the same year but their value may be different because one’s treatment history and usage may be a whole lot better compared to the other. You can identify these factors through the forklift usage which is usually logged in hours. This acts, in the same way, as you compare mileage on actual cars.
Another factor that can help you in deciding includes the extra features of the second hand forklifts. For instance, if the forklift uses computerised control panel rather than the manual type, of course, the value is higher. Other features, which may also be counted as valuable, include scales that are used in weighing your loads in transit, air conditioned cabs, attachments that are included, and others. Basically, these features refer to other items that are not typically included on a new model. They can add value to your forklift. In order to calculate the value of the feature, you may start with figuring out the new price of the feature if you will be adding it to a forklift. Then, you can deduct some value due to the age, as well as the fact that it is also sold as part of a package deal together with second hand forklifts.
The current condition of second hand forklifts in Brisbane should also be considered. The condition highly depends on the way it was well taken care of until the point of sale. Of course, if the paint is still intact, the value is relatively higher compared to the same model with rust spots. A good and well-maintained engine may also be able to request for a higher price compared to having a ragged machine.
Considerations on Second Hand Forklifts Value
The very first thing to determine in assessing second hand forklifts value includes the age of the forklift in years. As a matter of fact, it is one of the biggest factors used in the overall determination of their value. Just like any type of vehicle, they may also depreciate through time. On the average, every year, a forklift depreciates up to 15%. Keep this in mind when you are calculating the value together with all other factors.
What if you have two second hand forklifts in front of you and both were produced on the same year? The next factor that you can use to determine their value is history and usage. Yes, they may have been manufactured on the same year but their value may be different because one’s treatment history and usage may be a whole lot better compared to the other. You can identify these factors through the forklift usage which is usually logged in hours. This acts, in the same way, as you compare mileage on actual cars.
Another factor that can help you in deciding includes the extra features of the second hand forklifts. For instance, if the forklift uses computerised control panel rather than the manual type, of course, the value is higher. Other features, which may also be counted as valuable, include scales that are used in weighing your loads in transit, air conditioned cabs, attachments that are included, and others. Basically, these features refer to other items that are not typically included on a new model. They can add value to your forklift. In order to calculate the value of the feature, you may start with figuring out the new price of the feature if you will be adding it to a forklift. Then, you can deduct some value due to the age, as well as the fact that it is also sold as part of a package deal together with second hand forklifts.
The current condition of second hand forklifts in Brisbane should also be considered. The condition highly depends on the way it was well taken care of until the point of sale. Of course, if the paint is still intact, the value is relatively higher compared to the same model with rust spots. A good and well-maintained engine may also be able to request for a higher price compared to having a ragged machine.