Do You Know the Economic Lifecycle of Your Company's Toyota Forklift?
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Do you know the economic lifecycle of your company's Toyota forklifts? By understanding and assessing the physical and economic lifecycle of a forklift, your company could potentially save money and make educated decisions on repairs and replacements.
Westquip–Toyota's authorized forklifts dealer for central and western Oklahoma–is the best company in the industry to assess the physical and economic lifecycle of your forklift fleet. They are experts in formulating a program that can optimize the usage of your company's current Toyota forklifts and help you decide which of your aging forklifts need to be replaced.
Physical Lifecycle of Toyota Forklifts
Assessing the physical lifecycle of a forklift is dependent on the hourly usage, the operating environment and how well the forklift is maintained. The physical lifecycle of a forklift can be extended indefinitely when routine maintenance is scheduled and conducted and repairs are made as needed. A new Toyota forklift, well maintained, can last over many years and even exceed 20,000 hours before the cost of maintaining the machine substantially increases.
Economic Lifecycle of Toyota Forklifts
There are several determining factors that are used to calculate the overall cost of owning a forklift. These factors include the capital costs, maintenance, abuse/misuse, fuel, and the hourly wage and benefits for the forklift operator. Maintenance costs should only be a small percentage of the overall operating expenditures.
The cost of maintenance increases each year that a company keeps a forklift past the optimum time to sell, which can vary greatly due to the operating environment and how well the equipment is being maintained. There is a point where the forklift has exceeded its economic lifecycle due to the fact that the escalating costs of maintaining the older and it's reduced productivity related to new equipment exceeds the cost of replacing it. This can be quantified by keeping good historical records of the costs to own and operate existing equipment compared to the true cost to purchase new forklifts. Leasing versus buying should also be part of this complex equation.
Toyota Forklift Lifecycle Guidelines
Due to the great differences in the actual operating environments and hourly usage per year, there is no good rule of thumb on the number of years of ownership. On hours of operation, a Toyota Forklift's economic life can be anywhere from 10,000 hours to 20,000 hours, depending on repair history. In a clean environment, with excellent maintenance and with non-abusive operators, a Toyota forklift can have an economic life cycle up to 20,000 hours.
As a leading expert for Toyota forklifts, Westquip is the best company in the industry to assist you in assessing the physical and economic lifecycle of your company's forklifts.
Westquip is an authorized dealer of Toyota forklift parts for Central and Western Oklahoma. They are a full line supplier for all your material handling needs, including: new and used forklifts, forklift rentals, forklift repair services, Toyota forklift parts and all types of quality warehouse and loading dock equipment. Visit www.westquip.com today to find the Toyota forklift products and services that meet your company's specific needs.
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Heather Preston Toyota Forklifts Westquip is an authorized dealer of Toyota forklifts for central and western Oklahoma. We are a full line supplier for all your material handling needs including: new and used forklifts, forklift rentals, forklift repair services, forklift parts and all types of quality warehouse and loading dock equipment.
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