Top 3 Reasons to Replace Your Forklift
Your forklifts put in work day-in and day-out moving product and lifting and moving your business forward. The day will come when you lose time and money because the truck isn’t running as efficiently anymore. It may be difficult to pinpoint this time, but below are a few indicators that you may need a replacement forklift.
Wear and Tear of a Forklift
Has forklift maintenance become a case of continual troubleshooting and increasing costs to keep your forklift running? If prolonged heavy use of your forklift fleet needs regular repairs, it may be time to consider replacing the equipment. When paying for continual repairs, the effect on the bottom line goes far beyond the cost of replacing worn bushings or repairing the electrical components in a drive motor. You may need a replacement forklift if you have some of the following repair needs:
- Hydraulic leaks
- Clogged fluid lines
- Worn chains
- A mast that won’t lift
- Battery problems
- Unbalanced suspension
- Steering difficulties
Losing Time, Losing Money
When you experience downtime for any unit in your forklift fleet, the cost is much more than parts and labor. You also need to factor in lost productivity and the costs of idle time for operators when their equipment is being repaired. When lost profits due to delays in product movement are taken into account, the total financial impact of an older forklift can easily extend into the thousands of dollars… per hour! Keeping spare lifts on hand is not an optimal solution due to the overall increase in operating costs. Neither are quick replacements. While lower in initial costs, they can create an endless cycle of unplanned repairs that negatively impacts your business. Retiring a forklift may be necessary if this is affecting your material handling operation.
Avoiding Unexpected Events
Poorly maintained equipment can lead to an accident or injury, which may be avoided through regular inspections and up-to-date regular maintenance. If your forklift is starting to show signs of wear and tear, it may be time to retire or replace your forklift.
If you are experiencing some or all of these scenarios with your equipment, it may be time to reach out to your authorized Toyota Forklift dealer for a conversation. They will be able to help determine if you are in need of new equipment and get you with the right forklift. If you want more information on forklift’s useful life, download our forklift management guide, “Is it Time to Upgrade Your Forklift?”