How Much Does it Cost to Lease a Gas Powered Forklift?
Commonly referred to as internal combustion (IC) Forklifts, gas powered lifts are exactly what they sound like; a forklift powered by gas. They are meant for outdoor applications, as the emissions cause most models to be dangerous for indoor use.
Internal Combustion Forklifts
Gas powered or IC Forklifts run on different types of fuel, including diesel, gasoline, compressed natural gas (CNG), and liquid propane gas (LPG). These lifts are simple to refuel, requiring nothing more than a gas pump or gas canister to get the job done. This makes it easier to run the vehicle throughout the day, as once it has been refueled, the downtime is over. IC Forklifts also have a cheaper base cost than their electric counterparts, though they do cost more to run per hour.
Forklifts that run on gas have higher weight capacities and tend to be more durable than electric lifts. If you need a vehicle rated for over 12,000 pounds or one that is capable of pushing and towing loads in addition to lifting, then an IC forklift is the way to go. It is important to note, however, that gas powered IC lifts produce harmful emissions.
IC Forklifts are meant to be used outdoors, as indoor use causes a buildup of emissions that are dangerous for you, your workers, and your facility. Only propane-powered IC lifts are able to be used indoors, and even then the facility must have the proper ventilation. If you need to switch between indoor and outdoor use, there are dual fuel systems that allow you to switch between gasoline and LPG.
Diesel and LPG
Though all gas powered IC Forklifts are similar in the way they operate, there is a difference between lifts that are diesel powered and those powered by LPG.
Diesel: These Forklifts are meant for outdoor use, due to emissions that accumulate and cause danger in indoor settings. They offer better fuel efficiency than LPG lifts, as well as a more powerful performance. A diesel IC forklift has higher torque, making it a great choice for those who need to haul on gradients or scoop aggregates. These lifts also require less maintenance, as their engines are built from sturdier components. Unlike electric powered lifts, vehicles powered by diesel never have to worry about battery capacity when using attachments.
LPG: Suitable for indoor and outdoor applications, LPG IC Forklifts are popular for their power and versatility. Though they do not offer the exact same durability and power of a diesel engine, LGP lifts can handle just about anything you throw at them. They are more compact than other fuel powered machines, offering increased maneuverability and less noise than other IC Forklifts. LPG lifts also tend to be faster than other types of lift trucks, meaning your acceleration, lift speeds, and travel speeds are superior to others.
How Much Does Leasing a Gas Powered Forklift Cost?
It is difficult to provide an exact cost for leasing gas powered Forklifts, as there are a number of factors that affect the total price. The age of the lift, condition it is in, and the base cost of the vehicle itself all determine what your monthly payments are. Prices are also dictated by the length of your lease agreement. That being said, here is a general pricing guide to offer an idea of what you can expect to pay when you lease a gas powered forklift:
- A forklift with a value of $10,000 has an average cost between $250 and $350 per month for a 36-month lease and between $200 and $250 per month for a 60-month lease.
- A forklift with a value of $20,000 has an average cost between $550 and $650 per month for a 36-month lease and between $300 and $400 per month for a 60-month lease.
- A forklift with a value of $30,000 has an average cost between $850 and $950 per month for a 36-month lease and between $550 and $650 per month for a 60-month lease.
Some lease agreements stipulate that a portion of your monthly payments goes towards maintenance and servicing. Always be sure to clarify everything that is covered in the lease agreement. If your lease does not cover maintenance, it is a good idea to purchase an additional service plan, especially if the forklift you are leasing is used.