Propane powered forklifts are one of the top choices for fleet managers. Valued for their safety, ease of operation, quick refuelling method, and clean-burning features, propane forklifts are highly sought-after commodities.
But before you rush off and replace your old forklifts with propane forklifts, make sure you consider the total cost of ownership (TCO). TCO includes not just the equipment purchase price but other costs too like operation, maintenance, and in the case of propane forklifts, forklift propane. For businesses in Mississauga and across the GTA, propane suppliers can help you gauge your annual need so you can estimate your true costs over the life of the machine.
Using TCO To Make Your Best Purchasing Decisions
A total cost of operations estimate is great for figuring out how much a machine is going to cost you over its total life but it’s also a useful tool for comparing different types and brands of forklifts – and the costs of forklift propane in Mississauga. This type of business analysis can be applied to both buy and lease situations, making it useful no matter how your business plans to acquire its’ machines.
To Determine The TCO Of Your Piece Of Equipment You’ll Need To Include Its:
- Depreciation and loss of value
- Ongoing maintenance
- Repair costs
- Replacement costs
- Spare parts
- Interest (if financed)
- Fuel costs
- Cost of tires/tracks
- Operator cost
- Operator hours
What the TCO often uncovers is that the lowest purchase price isn’t necessarily the best value over the long-term. For example, a more fuel-efficient propane forklift will have a lower TCO than a less efficient, but lower priced, machine. For fleet managers who want to make the best purchasing decisions for the long-term investment of their equipment, TCO is a must.
Price Out Your Forklift Propane In Mississauga At Josef Gas
If you’re trying to figure out the total cost of ownership for your propane forklifts, contact Josef Gas. We are an independent supplier of forklift propane to Mississauga businesses. Operating out of Concord, we have the largest single storage propane tank facility in the area and our own fleet of delivery trucks. We work closely with our customers to help them manage propane needs efficiently and in a cost-effective manner. Contact us at 416.658.1212 or email@example.com to get an estimate on forklift propane costs for your business.