No title for forklifts because they were not meant to be licensed. They are legally transferred with a bill of sale (Invoice) that includes the serial number and the date. If there is no warranty the invoice will be marked AS-IS so there is no question about future maintenance or any potential problems down the road.

Forklift age is measured in hours. For a single-shift operation with an 8-hour work day, the average forklift runs 2,000 hours/ year. The average lifespan of a forklift is 10,000 hours, but this depends on the manufacturer. Above-average machines, such as Toyota forklifts, commonly last more than 20,000 hours.

A used, re-conditioned 3,000 lb. electric forklift might cost between $5,000 and $10,000. A used 5,000 lb. internal combustion forklift might cost $10,000 to $15,000.