Benefits of Buying Used:
Purchasing a semi-truck is a huge business investment. The whole process of deciding what you want can be entirely overwhelming. Not only must you think about what works for your current situation, but also what will continue to work for you long-term. Regardless of whether or not you plan on operating a single truck or are in the process of building a fleet, it is important to weigh all of the pros and cons of buying used vs. new equipment.
Never pay more than you deem the potential purchase to be worth. A brand-new truck can cost upwards of $150,000.00, which is fine if you can afford such a large expense. Don’t get so caught up in the shiny luxury of new that you overlook the real benefits of a used truck. If you are just starting out, you may want to avoid accruing unnecessarily high startup costs. Well-maintained used trucks can be purchased for $75,000.00 or less and still meet all of your operating needs. A lower price tag also means that you would have to get less financed, and this option might work better depending on the limitations of your budget. Just be sure if you are looking at used equipment that it has been properly maintained. A used truck has the potential to make you just as much, if not more money, than a new model. Keep in mind that if buying a brand-new truck is something that you do want to accomplish one day, buying used while you are getting started may just be the necessary stepping stone to achieving that goal down the road.
Options When Buying:
Even if you are working with a limited budget, buying a used truck can provide you with a lot of options. There are more used trucks on the market than new and you should use this to your advantage. Rather than trying to find the perfect new truck you can probe the extensive market until you find the one that will suit all of your needs. Because you spent less money in the initial purchase of the truck, you would be able to use that extra cash to make changes along the way.
The less money you have in the game, the lower the risk, especially if you are just starting out. No one has ever had perfect luck, even seasoned trucking veterans. There are a lot of unforeseeable events that have the potential to really hurt your wallet. Some of these events could involve injuries, accidents, and breakdowns. It is also important to consider the cost of depreciation. The second that you leave the lot with a new truck, it has lost some value. As you run the truck, the value only declines further. If you do decide to purchase new and need to sell, you are going to take a financial loss on the deal. By buying used, depreciation does not affect you nearly as much. A lower initial cost can mean less financial loss potential later on.
All things considered, if purchasing a used truck seems like a viable option for you then look no further. Truck Mart LLC is known for selling high quality and fairly priced used semi-trucks. Check out our inventory HERE or come see for yourself in person. We are located at 26 Truck Tech Way Shippensburg, Pennsylvania 17257.
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