Equipment Financing
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Hyster-Yale Forklift Financing
All Hyster H-series and Yale GLP/GDP series with 2024 prices — from H40FT entry forklifts to H360HD heavy capacity. US manufacturing in Greenville, NC.
Key Facts: Hyster-Yale Forklift Financing
- Parent Company: Hyster-Yale Group, Inc. (Cleveland, OH — NYSE: HY)
- US Manufacturing: Greenville, NC | Sulligent, AL | Berea, KY
- OEM Financing: Hyster-Yale Financial Services (HYFS)
- Key Fact: Hyster and Yale are the same machine with different badges — choose by dealer proximity
- Price Range: $18,000 (H40FT small) to $242,000 (H360HD very large)
- Market Position: Top 5 forklift manufacturer globally
- Best Seller: H50FT (5,000 lb LPG) — standard warehouse choice
Hyster Counterbalance Forklift Financing — H Series
| Model | Capacity | Power | New Price | Used Price | Notes |
|---|---|---|---|---|---|
| H40FT | 4,000 lbs | LPG | $20,000–$28,000 | $8,000–$12,000 | Most popular small |
| H50FT | 5,000 lbs | LPG | $22,000–$31,000 | $9,000–$14,000 | Industry standard |
| H60FT | 6,000 lbs | LPG | $24,000–$34,000 | $10,000–$15,000 | |
| H70FT | 7,000 lbs | LPG | $27,000–$38,000 | $12,000–$17,000 | |
| H80FT | 8,000 lbs | LPG | $35,000–$49,000 | $15,000–$22,000 | |
| H100FT | 10,000 lbs | LPG | $42,000–$59,000 | $18,000–$26,000 | |
| H120FT | 12,000 lbs | LPG | $52,000–$72,000 | $23,000–$33,000 | |
| H135FT | 13,500 lbs | LPG | $65,000–$90,000 | $29,000–$41,000 | Large capacity |
| H155FT | 15,500 lbs | LPG | $78,000–$108,000 | $34,000–$49,000 | |
| H190HD | 19,000 lbs | Diesel | $98,000–$136,000 | $43,000–$62,000 | Heavy duty |
| H360HD | 36,000 lbs | Diesel | $175,000–$242,000 | $77,000–$111,000 | Very large capacity |
Yale Forklift Models — Same Platform, Different Badge
| Yale Model | Capacity | Power | New Price | Hyster Equivalent |
|---|---|---|---|---|
| GLP040VX | 4,000 lbs | LPG | $20,000–$28,000 | H40FT |
| GDP050VX | 5,000 lbs | Diesel | $24,000–$33,000 | H50FT Diesel |
| GLC050 | 5,000 lbs | LPG cushion | $22,000–$30,000 | H50FT Cushion |
| ERP030-040VF | 3,000–4,000 lbs | Electric | $28,000–$42,000 | Hyster J series |
| MR14-20N | 2,800–4,000 lbs | Reach truck | $28,000–$45,000 | Hyster R series |
Hyster H50FT vs Toyota 8FGCU25 vs Crown C-5 — Comparison
| Criterion | Hyster H50FT | Toyota 8FGCU25 | Crown C-5 (5K lb) |
|---|---|---|---|
| New Price | $22,000–$31,000 | $24,000–$34,000 | $26,000–$38,000 |
| 3-Year Resale | 52–60% | 62–72% | 55–63% |
| Lender Recognition | Very good | Best | Very good |
| US Manufacturing | Greenville, NC | Georgetown, KY (some) | New Bremen, OH |
| OEM Financing | Hyster-Yale Financial | Toyota Financial | Crown Financial |
| Best Price Value | Lowest new price | Best resale offsets price | Mid-range |
| American Ownership | NACCO Industries (US public) | Toyota (Japanese) | Dicke family (private US) |
| Best For | Budget-conscious, price-sensitive | Best total value + resale | American ownership, ergonomics |
Financing Options for Hyster-Yale Equipment
| Financing Type | Provider | Best For | Typical Terms |
|---|---|---|---|
| OEM Loan/Lease | Hyster-Yale Financial Services | New equipment, dealer purchase | 36–72 months, periodic promos |
| Operating Lease | HYFS or independent lessor | High-use, planned upgrades | 60–84 month FMV lease |
| Bank/CU Loan | Regional banks | Established businesses | 48–72 months |
| Independent Lender | ENGS, First Western, Crest | Newer businesses | 48–60 months |
| Fleet Program | HYFS or national banks | 10+ unit fleets | Negotiated volume terms |
Ready to Finance Hyster or Yale Forklifts?
Get financing for Hyster H-series or Yale GLP/GDP models — from standard 5,000 lb warehouse forklifts to H360HD heavy capacity machines.
Frequently Asked Questions — Hyster-Yale Forklift Financing
Are Hyster and Yale the same forklift?
Essentially yes. Hyster and Yale are sister brands owned by the same parent company — Hyster-Yale Group, Inc. (Cleveland, Ohio — NYSE: HY), which is part of NACCO Industries. They share the same manufacturing platforms: the same machine is produced with either a Hyster badge or a Yale badge, then sold through separate dealer networks. The machines are mechanically identical. The practical advice: choose based on which brand has better dealer/service coverage in your specific area — not on any perceived quality difference between the two badges.
Who owns Hyster-Yale and where are they manufactured?
Hyster-Yale Group, Inc. (Cleveland, Ohio) owns both Hyster and Yale brands. Hyster-Yale is publicly traded on NYSE under ticker HY. Parent company NACCO Industries (Cleveland, Ohio) holds a controlling interest. US manufacturing locations include Greenville, North Carolina; Sulligent, Alabama; and Berea, Kentucky — making Hyster-Yale genuinely American-made equipment.
What is Hyster-Yale Financial Services?
Hyster-Yale Financial Services (HYFS) is the OEM captive financing arm for both Hyster and Yale equipment. HYFS provides standard loans (36–72 months), finance leases, and operating leases through the authorized dealer network. Promotional rates are periodically available. For used Hyster or Yale equipment not purchased through a dealer, independent lenders (ENGS, First Western Equipment Finance, Beacon Capital) readily finance these brands.
What is the most popular Hyster forklift model?
The Hyster H50FT ($22,000–$31,000 new) is the most popular Hyster model — a 5,000 lb LPG cushion tire forklift that is the standard warehouse and distribution forklift for light-to-medium industrial applications. The H40FT (4,000 lb, $20,000–$28,000) is the most popular smaller model for tighter spaces. Both machines are widely available used and have strong lender recognition.
How do Hyster-Yale forklifts compare to Toyota for financing?
Toyota has the #1 forklift market share and highest resale values in the industry — Toyota forklifts consistently bring the most at auction. Hyster and Yale forklifts are priced slightly lower than comparable Toyotas at new ($22,000 vs $25,000 for a 5,000 lb model) and have slightly lower resale values at auction. For financing purposes: Toyota gets slightly better terms from lenders due to collateral strength. However, the price gap often offsets the lower resale for buyers focused on total cost of ownership. Hyster-Yale's US manufacturing in Greenville, NC is a positive factor.
What size Hyster should I finance for a standard warehouse?
For standard warehouse applications with 8-foot pallet racking and typical 2,000–4,000 lb loads: the Hyster H40FT or H50FT (4,000–5,000 lb LPG) is the standard choice for dock loading and indoor/outdoor movement. For warehouse rack reaching (not dock work), a Yale electric reach truck (ERP or MR series) is better. For cold storage or no-emissions environments, the Yale ERP electric series or Hyster J series electric are specified. Match the power type and capacity to the application before financing.