---
title: Find out how to value your forklift equipment.
description: Check out these 5 key factors that help determine how much your forklift equipment is worth.
---

[Hodge Blog ](https://blog.hodgecompany.com)

# [Find out how to value your forklift equipment.](https://blog.hodgecompany.com/what-is-my-forklift-equipment-worth)

 Written by [HODGE](https://blog.hodgecompany.com/author/hodge) | Jul 27, 2020 7:09:27 PM

 

Is your forklift a valuable part of your operation? Just like a personal vehicle, you’ll want to get the most out of your equipment when the time comes to upgrade.

Whether you’re looking to sell or trade because of a change in business needs or an upgrade in safety features, we’ve put together a few things to consider when it comes to determining the value of your equipment.

**Here are a few things our HODGE equipment experts consider when determining the value of trade-in equipment:**

## Maintenance

Well-maintained forklifts can expect a higher trade-in value.

Getting the equipment tuned up by a certified technician on a routine schedule and having maintenance records available can make a huge difference when it comes to determining the value of a forklift.

## **Age & Hours**

Similar to cars, forklifts depreciate as the hours increase and as the years pass by.

Trading in your equipment when it’s only a few years old and while it has lower-than-average hours can significantly increase the amount you’ll receive for a trade-in.

The ideal trade-in is less than four years old with 5,000 hours or less.

## **Fuel Type & Accessories**

Usually, used LP forklifts will be worth more when it comes to resale value. This is because electric forklifts that are being traded in will likely need a new or reconditioned battery.

However, if the electric forklift’s battery and charger are included with the trade in that can increase the value.

If your equipment has additional accessories like a side-shifter or fork positioner, that will also increase its value.

## **Appearance**

The overall appearance of your equipment matters more than you might think. The fewer dents, scrapes, and dings the equipment has the better your trade-in value will be.

Often times, the appearance of a forklift is a good indicator of how well the equipment was taken care of.

## **Lift Height & Capacity**

What is the maximum lift height of your equipment? What size load is it capable of carrying? The specifications of your equipment will play a factor in determining the overall value of your trade-in.

Because of this inspection we’re able to fix any concerns and provide the buyer with a full, detailed report of maintenance.

__

## **Do you have equipment you’re ready to trade in? ****Get started by using our Value of My Trade-In Tool.**

Tell us about your trade in and one of our HODGE Equipment Experts will be in touch to schedule an onsite visit and discuss your options.

**See what your equipment is worth.**  [Value your equipment >](https://www.hodgecompany.com/equipment/trade-in/)

 

 

[View full post](https://blog.hodgecompany.com/what-is-my-forklift-equipment-worth)

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