How to Invest in Material Handling Equipment | KION North America

How to Invest in Material Handling Equipment

Although necessary for manufacturing and warehouse operations, material handling equipment can be expensive and overwhelming. However, taking the time to research equipment and choose the right investments can help your business grow exponentially. Your facility has individual needs and preferences that will determine the appropriate material handling equipment. Identifying the type of forklift and engine needed, purchasing from a reputable dealership, and strategizing your financial commitments will help you make the best investment.

Choose the type of forklift needed

In the material handling equipment market, there are many forklift models available. When choosing the best machine, you’ll want to consider the size, load capacity, and height limit. If you are operating indoor forklifts, choose machinery that is the right size for your facility. For example, if your warehouse has narrow aisles or tight spaces, you’ll want to invest in a forklift that can operate safely. When determining the load capacity for your forklifts, overestimate rather than underestimate to avoid a potential accident.

Pick an engine

Forklifts usually run on either an internal combustion or an electric engine. When determining which is right for your operations, first ask if the forklift will be operated inside a building or outdoors in the elements. Forklifts with electric engines are typically used indoors. The machines burn cleaner and run more quietly, making them better suited for operating in a busy, crowded environment. An electric counterbalanced forklift is energy efficient while an internal combustion truck has the advantage of lower maintenance expenses.

Purchase from a reputable dealership

Once you are confident in the type of forklift you need, you’ll have to decide who to purchase it from. You’ll want to choose an internationally recognized, experienced company with an excellent reputation. Next, verify that the machinery comes with a warranty that the dealer will honor. Most dealerships are willing to help you choose the right machine and ensure that the transaction runs smoothly.

Strategize financing

When adding new or used forklifts to your fleet, you have several financing options: purchase, lease, or buy in bulk. When purchasing a new forklift, you may be able to negotiate a monthly payment plan that fits in with your budget. To test out a machine or to hire one for a quick job, consider leasing a forklift from a reputable company. If you decide to buy a fleet of forklifts at wholesale price, you may save time and money. Selling outdated or unwanted machinery for extra funds can help you finance your next investment.

At KION North America, we provide high-quality forklifts at reasonable prices. Our widely acclaimed dealership network can help you invest in the material handling equipment that will save your warehouse time and money. Call (843) 875-8000 or visit our website to find the authorized dealer nearest you today.

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