What's the use case? And what's your budget? Either of those might make the decision for you.
New Forklifts:
Pros: You get the latest technology, warranty coverage, and zero maintenance headaches for a while - important if you're not too handy or downtime is costly.
Cons: They’re pricey and the moment you drive it off the lot, it starts depreciating.
Used Forklifts:
Pros: Huge savings upfront. A solid, well-maintained used forklift can do the job just as well as new, especially if you’re not running it alot. Forklifts are generally in yards or warehouses, so might have a lot of hours but don't see the abuse of other types of machines.
Cons: You’re on the hook for repairs
If you're buying ONE forklift I’d lean toward used, but only if you find one with a good inspection, that you can visit. yourself, or one that has thorough service records. Don’t buy from some random auction or fly-by-night seller Stick to brands with a strong service network—Toyota, Hyster, or Cat are solid bets in forklifts.
If you're buying a few or more to run in a warehouse for a long time, I'd spring for new through a local dealer so you've got warranty and coverage if something happens to go down.
RE: Getting a good deal. Shop around and compare prices. Just like cars, end of the month/quarter/year are good times to buy. If you're buying used maybe you'll get lucky and find a warehouse or yard that's upgrading their fleet - usually people do that in Q4 so might be good timing for you!
Best of Luck!