ROI: Shop Lifts
The following worksheet implements average usage patterns and maintenance costs that could vary, depending on shop demands and product composition. The goal is to offer a starting point and add perspective on how a shop can re-coup their costs when investing in a lift.
| Unit price (above ground, 2-post, 10,000-lb. lift): |
$3,000.00 | $5,000.00 |
| Usage: | 800 vehicles/year; 16 vehicles a week x 50 weeks/year | |
| Yearly maintenance costs: | $300.00 | $100.00 |
| Average lifespan: | 10+ years | 30+ years |
| Ownership costs over the lifespan of the lift, using current numbers not adjusted for inflation: | $6,000.00 | $8,000.00 |
| To recover all costs for the lift incurred during its lifetime, in 6 months, add: | $15.00 | $20 to every repair involving the lift. |
| In 9 months, add: | $10.00 | $13.34 |
| In 1 year, add: | $7.50 | $10.00 |
| In 18 months, add: | $5.00 | $6.67 |
| In 2 years, add: | $3.75 | $5.00 |