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Leasing a forklift can be a smart financial move for businesses that want modern equipment without the upfront cost of buying. But how much does a forklift lease actually cost per month in 2025? The answer depends on several factors—including the type of forklift, its specs, and the lease terms—but here’s what you can generally expect. For a standard electric warehouse forklift, monthly lease rates usually fall between $450 and $750. These units are popular in indoor environments like warehouses or retail operations. If youre considering a propane or diesel-powered forklift, or something designed for heavier loads or outdoor use, expect to pay closer to $900 to $1,200+ per month, especially if youre leasing a new unit with advanced features like full cab enclosures or pneumatic tires for rough terrain. Several key variables affect monthly lease pricing: Lift capacity and mast height (higher lift trucks cost more) New vs. used (used units lease for less but may come with limited warranties) Lease length (longer terms usually reduce monthly cost) Maintenance and support (some leases include full service, others don’t) Most forklift leases run for 36, 48, or 60 months, and many include options to upgrade or purchase at the end of the term. Maintenance is often included, especially with longer contracts. That means your lease might cover regular inspections, oil changes, battery checks, and even replacement parts—saving you both time and repair costs. Leasing also offers financial flexibility. It preserves working capital, offers predictable monthly expenses, and keeps your fleet modern without tying up cash. Another bonus? Monthly lease payments are typically 100% tax-deductible as an operating expense. If you’re unsure which forklift you need or how often it’ll be used, leasing gives you the chance to “test” the equipment long-term without a big commitment. And if your business grows, you can upgrade without the burden of offloading old equipment. Before signing, make sure to compare quotes from multiple dealers and ask whether service, parts, and emergency repairs are included. A low monthly rate might look great—but without support, unexpected costs can sneak up fast.