Forklift Repair vs Replacement Calculator

Estimate the 12-month cost to keep your current unit vs replacing it now, by filling in all the options below. This calculator determines the most cost-effective solution by including repairs, maintenance, downtime and capital costs.

Current Forklift (Keep 12 months)

Age (years) Usage (hours/yr) Planned maintenance ($ / yr) Unplanned repairs ($ / mo) Downtime (hrs / mo) Downtime cost ($ / hr) Resale value today ($) Expected resale in 12 months ($)

Replacement Forklift (Replace now)

Replacement price ($) Trade-in value now ($) Expected life of replacement (years) Planned maintenance (new) ($ / yr) Expected downtime (new) (hrs / mo) Finance rate (simple) (% / yr) Decision buffer (%)How much cheaper replacement must be to trigger 'UPGRADE' (default 10%).

Result

Keep current unit (12-mo)

—

Replace now (12-mo)

—

Recommendation

—

Key drivers & diagnostics

Email address (to receive a copy)

Name Company

Method: 12-month Keep = repairs + planned maintenance + downtime + depreciation. Replace = annualized capital (depreciation + simple finance proxy) + maintenance + downtime.
Disclaimer: This tool provides an indicative cost comparison only and is not a formal quotation or financial advice. Results depend on the accuracy of inputs and simplified assumptions. Always confirm pricing, maintenance schedules, finance terms and machine suitability directly with Spot On Warehouse Solutions.