New vs. Used Toyota Forklift

Forklift Rentals in Toronto

There are many Toronto businesses for which a forklift rental makes more sense than purchasing or leasing.

Whether this is because, they require the vehicle for a single project or whether the business performs seasonal work and only uses the vehicles a few weeks or months out of the year, or whether they require a rental while the their own vehicle is in the shop, we can help business owners decide on the lift truck rental that best suits their needs.

We know that you have choices in who you do business with, so we strive to be the best at what we do.

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Whether or not you decide to rent a forklift for your business will ultimately depend on your company’s needs and circumstances. And whether you are leaning toward buying or renting, the professionals at Modern Forklift can help you come up with the best solution for your Toronto business.

Should You Choose a New or Used Toyota Forklift?

If you intend to invest in a robust Toyota forklift, you will have to make important decisions. It is crucial to first decide if you want to buy a used or new forklift. Keep in mind that each option has benefits and preferences that vary from one company to another. Here is a comprehensive guide to help you choose the type of forklift (either new or used).


The price of the product you wish to buy is one of the most important purchasing factors to consider. For you to know if you really need to invest in a new Toyota lift truck, you should analyze your business to find out if it has enough resources and if the operations warrant a new heavy equipment. Note that in most cases, you will notice that you don’t need a new equipment.

If you want to save money, going for a used but high-quality Toyota forklift is a great option. Besides, if you realize that your business lacks the necessary resources to purchase a new forklift but can afford a used one, then, you will have to consider purchasing what you can afford.


Many Toyota lift trucks are designed to serve for many years especially if it’s well-maintained. Most current Toyota models are equipped with robust technology to make them more durable and reliable as compared to older truck models. Though a used internal combustion or electric forklift might perform its functions for a long time, a new forklift that is well-designed is likely to last serve you for a longer period.

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Resale value

When it comes to value retention and durability, one of the well-known brands is Toyota. But if you intend to resell the forklift in the future, you must consider the expected resale value at the time you will be purchasing the forklift.

Note that a new forklift has a high initial value. However, this value depreciates very fast. On the other hand, a used forklift is likely to have more stable value even in the future.

Sometimes, forklift rental Toronto works for various businesses. If you don’t want to rent a forklift or you lack resources to buy a new one, then, you will have to opt for a used forklift. Note that there has to be a good level of trust between the forklift buyer and seller especially when dealing in used forklifts. Ensure that you buy a used forklift from a seller who will not lie about the previous damages that the truck has ever suffered or how it has been performing.

You should choose carefully whom you buy the used forklift from. Purchasing a used forklift from an individual is risky especially if you don’t know the person. Most people don’t care about bad reputation if something goes wrong with the forklift. To be on the safe side, you should purchase the forklift from a licensed dealer who intends to protect their reputation and in case of any future problem, they can help you.

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