Best Warranties for Used Forklifts You Should Consider

Buying a used forklift can save your business a significant amount of money, but it also comes with risks. One of the biggest concerns is the potential for unexpected repairs and maintenance costs. That’s why choosing a used forklift with a strong warranty is crucial. A good warranty protects your investment, reduces downtime, and gives you peace of mind. This post explores the best warranties available for used forklifts and what you should look for before making a purchase.

Why Warranties Matter for Used Forklifts

Used forklifts often come with wear and tear from previous use. Even if the machine looks good on the outside, internal components like the engine, transmission, or hydraulics may need attention. A warranty helps cover these repairs, saving you from costly bills.

Without a warranty, you risk paying out of pocket for repairs that could have been avoided. Warranties also indicate that the seller trusts the quality of their equipment. This trust can be a sign of a reputable dealer or manufacturer.

Types of Warranties for Used Forklifts

When shopping for a used forklift, you will encounter different types of warranties. Understanding these can help you choose the best option for your needs.

Manufacturer’s Warranty

Some used forklifts still carry the original manufacturer’s warranty if they are relatively new. This warranty usually covers major components like the engine and transmission for a set period or number of hours.

Pros:

• Covers critical parts

• Backed by the manufacturer

• Often transferable to new owners

  
  

Cons:

• Limited time or hours

• May not cover all repairs

  
  

Dealer Warranty

Many dealers offer their own warranties on used forklifts. These warranties vary widely in coverage and length. Some dealers provide limited warranties covering specific parts or systems, while others offer more comprehensive plans.

Pros:

• Can be customized

• Often includes service and inspections

• May include roadside assistance

  
  

Cons:

• Coverage varies by dealer

• May require dealer servicing

  
  

Extended Warranty Plans

Extended warranties are optional plans you can buy to cover repairs beyond the original warranty period. These plans often cover a wide range of components and can last several years.

Pros:

• Longer coverage period

• Covers more parts and repairs

• Can be purchased anytime

  
  

Cons:

• Additional cost

• May have deductibles or service limits

  
  

What to Look for in a Used Forklift Warranty

Not all warranties are created equal. Here are key factors to consider when evaluating warranty options:

• Coverage Scope: Check which parts and repairs are included. Look for coverage on the engine, transmission, hydraulics, and electrical systems.

• Duration: Longer warranty periods provide more protection. Consider warranties that cover at least 12 months or 1,000 operating hours.

• Service Requirements: Some warranties require you to perform regular maintenance at authorized service centers. Understand these obligations to avoid voiding the warranty.

• Transferability: If you plan to resell the forklift, a transferable warranty adds value.

• Exclusions and Limitations: Read the fine print to know what is not covered, such as wear items like tires or batteries.

  
  

Examples of Used Forklift Warranty Offers

Here are some examples of warranty options you might find when buying a used forklift:

• Toyota Certified Used Forklift Warranty: Toyota offers a 12-month/2,000-hour warranty on certified used forklifts, covering major components with dealer support.

• Crown Certified Pre-Owned Warranty: Crown provides a 12-month warranty with coverage on engine, transmission, and hydraulics, plus a thorough inspection before sale.

• Hyster Dealer Warranty: Many Hyster dealers offer 6 to 12 months of warranty coverage on used forklifts, often including roadside assistance and service plans.

• Third-Party Extended Warranty Providers: Companies like Forklift Warranty Solutions offer extended plans that cover repairs for up to 3 years with customizable options.

  
  

Tips for Getting the Best Warranty on a Used Forklift

• Buy from reputable dealers: Dealers with strong reputations tend to offer better warranty options and reliable service.

• Ask for warranty details in writing: Get a clear, written warranty agreement before purchasing.

• Inspect the forklift thoroughly: A pre-purchase inspection can identify potential issues that might not be covered.

• Consider maintenance history: Forklifts with documented maintenance are less likely to have hidden problems.

• Negotiate warranty terms: Some dealers may be willing to extend warranty coverage or include service packages.

  
  

Protect Your Investment with the Right Warranty