Toyota Forklift Price

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If you're in the market for a Toyota forklift, though you're unsure of how much you need to spend, then you've come to the right place.

In general, a Toyota forklift will cost you anywhere between $20,000 and $40,000. Of course, that's a fairly wide range, as many variables go into determining the cost.

To get a more accurate estimate as to how much you might spend on Toyota material handling equipment, come with us as we break it down.


How Much Does A Toyota Forklift Cost?


New Toyota Forklift Cost

There are a few different types of Toyota forklifts on the market today, which have different costs. To accurately determine your forklift costs, you must first decide which model of forklift is right for your job. Here's a short breakdown of the costs of new Toyota forklifts:

  • 35,000lb Diesel Forklift - $80,000-$100,000
  • 10,000lb Diesel Forklift - $30,000-$45,000
  • 5,000lb Internal Combustion Forklift - $15,000-$30,000

As you can see, diesel forklifts with higher capacities than usual can stray way outside the typical price range.

Don't forget that you will also have to account for fuel and maintenance costs. These costs can be anywhere between $500 and $2,500 per month.

Fuel prices can change at the drop of a hat, so there is a chance that by the time you're reading this, you're spending more or less than the average on diesel fuel or liquid propane.

The Toyota 7-Series Internal Combustion Forklift is one of the most popular in this category. It has a wide capacity range between 8,000 and 17,500 pounds.

Because fuel costs are much higher than they used to be, many companies are seeking out electric forklifts.



Used Toyota Forklift Cost

If your budget is limited, we recommend looking into the wide range of used Toyota forklifts. A used forklift will always be more affordable than a brand new one, and if it is in good condition, there's no reason to shrug it off. The cost of a used forklift depends mostly on the model and the capacity.

For example, an 8FGCU15 Toyota Forklift that runs on propane and has a lift capacity of 4,000 pounds might cost you around $15,000. You don't have to get an old model either, as it's common to find these forklifts at this price that are less than five years old. 

Typically, these models have anywhere between 500 to 2,000 hours of use on them at this point.

Anther model to consider is the 7FGCU18 Toyota Forklift. This unit is under ten years old and can often be fund on the market for less than $10,000. This particular model has a load capacity of 3,500 pounds. If you're okay with buying one that's slightly older, you can find a 2006 model between $7,000 and $9,000.

Lastly, if you're looking to save tons of cash, we recommend going with an older propane-powered pneumatic forklift. It's possible to find lifts from the 80s that are in great condition. We've seen plenty of models that use liquid propane and have lift capacities between 5,000 and 6,000 pounds going for around $3,000.


Toyota Electric Forklift Cost

The average electric forklift costs anywhere between $18,000 and $25,000.

Typically, electric forklifts cost more than diesel or internal combustion forklifts with capacity variables equal.

While you don't have to pay for fuel with an electric forklift, you must pay for the battery and charger, which can cost anywhere between $2,000 and $5,000.

Many companies choose to use electric forklifts for indoor jobs, as they don't give off fumes from fuel.

Plus, electric forklifts are much quieter when it comes to operation.

The electric forklift models come in a wide variety of shapes and sizes, including 3-wheel, 4-wheel, and stand-up models. You can choose to outfit your electric forklift with either pneumatic tires or cushion tires.



Toyota Forklift Rental Prices

If your business is looking for rentals, you can often choose to rent a lift buy day, week, or month.

Here is an average breakdown of what your business might pay for a rental:

  • $180 to $500 per day
  • $410 to $1,250 per week
  • $1,200 to $3,200 per month

The price depends on the size and type.



Pricing Factors

There are a few major factors that will alter your Toyota forklift pricing. Make sure to consider these factors and how they might impact the purchase price.


Capacity

One of the very first things that will impact Toyota forklift prices is the capacity.

The size of of your new forklift and the lifting capacity can add additional cost. Most of the time, a new forklift that is larger and more powerful will cost you more.

When buying large Toyota material handling equipment, you must also consider the additional maintenance a larger machine will require compared to a smaller one.


Design

There are many different variations when it comes to Toyota material handling equipment. You must first consider what kind of vehicle you need before determining the price.

Here's a small breakdown of the different lift designs that Toyota offers:

  • Reach Trucks - Best trucks for moving pallets into racks. While these lifts work for a variety of applications, they have the unique ability to reach into racking, which you won't find in all types of forklifts.
  • Pallet Jacks - Similar to a bicycle, operators can steer pallet jacks by walking behind the jack and turning it with the steering column. These machines are best for indoor use and can move pallets on smooth warehouse floors.
  • Shelf Stackers - When most people think of a forklift truck, this is what they think of. The person operating the truck sits in the carriage and drives it around carrying or stacking pallets. There are many smaller models and larger models available, and these are best for heavy-duty work.

You must also consider the fuel type. For example, a lift that uses diesel will cost more than a lift that uses propane.


Accessories

When looking at new forklifts, you'll often have the option to add on various accessories, such as attachments of safety features. Not all forklifts come with the latest and greatest features, such as an overhead guard or a lithium-ion battery.

If you have a limited budget, keep in mind that opting for the latest technology can cost you thousands of dollars.



Benefits of Buying New Vs. Used


New Forklift Benefits

Buying a new model is beneficial for several reasons.

For starters, you will receive a machine that hasn't seen any abuse on prior jobs. Plus, you can work close with the dealer to determine exactly what you need in terms of lifting capacity and features to find the right piece of equipment for your job.

The next major benefit to looking at new models is the fact that they often come with warranties. In the case that any parts break or fail, you won't have to fork over money for major repairs, which can save you money in the long run.

Lastly, if you're looking at diesel powered forklifts, newer models are far more fuel-efficient than they were years ago. While you might save money initially when buying an older model, you could end up burning money on high fuel costs over the course of your new forklift's life.


Used Forklift Benefits

Unless a forklift has tons of operating hours or it's not in the best condition, you shouldn't expect to save tons of money when buying a used one. However, saving a few thousand dollars can mean a lot for many people. So, if every dollar counts, buying used is a great choice.

On average, you can save anywhere between $3,000 and $10,000 whether you're looking at electric or diesel lifts.

The main benefit to buying used is that a typical forklift holds value for a long time. If you don't plan on keeping it forever, you may be able to sell your used forklift to the next person for around the same price you purchase it for.



Forklift Cost of Maintenance

Though we briefly discussed the cost of fuel earlier in the article, there are other maintenance and operating costs that you must consider when looking at Toyota Forklift prices.

For starters, it is worth knowing that an electric forklift will often cost about 65% less to take care of compared to your typical forklift model.

Here is an average cost breakdown to give you an idea of how much you can expect to pay:

  • Electric Forklift - $500 to $1,000 per year
  • Propane Forklift - $1,500 to $2,000 per year
  • Diesel Forklift - $2,000 to $3,000 per year

Buying from a reliable brand like Toyota can help reduce these operating costs.

Most experts estimate that new lifts cost around 75 cents per hour during the first 10,000 hours of use. However, this excludes accidental damage and the cost of fuel.



Finding The Most Affordable Forklift For Your Job

As you can see, there are many important factors to consider when looking for the right forklift. If staying under budget is your main concern, we recommend going with older pneumatic models. These propane-powered lifts come with pneumatic tires and can often operate with lift capacities of 3,000 to 5,000 pounds. It's possible to find these types of lifts for around $3,000.

We hope this article gave you more insight into Toyota forklift prices and what you can expect to pay over time for operating costs. Buying the right lift for your company doesn't have to break the bank.

If you know exactly what you need and what you can afford to spend over the course of each year, you'll have a much better experience buying one. 






Tim Postlethwaite

Tim Postlethwaite // Staff Writer