So, you’ve decided to buy a used truck. It can be a wise decision for those entering the industry, or in case you plan to start your own little trucking business with a minimal initial budget. Yet, choosing the right vehicle is not always an easy task, especially with all the variety of prices, new technologies, and other features.
Understanding exactly which truck you need will save you time and money in the future. In this article, we will break down the key truck characteristics, enabling you to approach the process with confidence.
New vs. Used: Which Way to Go?
When choosing between a new rig and a pre-owned model, it’s essential to understand that both variants have their pros and cons. All you need to do is concentrate on your priorities! New trucks are often equipped with some handy tech, use less fuel, and don’t need any immediate repair. Another undoubted benefit is the full warranty.
Yet, such a truck is expensive and its price depreciates quickly, which is not typical for a used vehicle. Used trucks are cheaper; however, there are always risks that they may need more frequent maintenance.
Price Range for Used Trucks
Costs for used trucks vary significantly depending on their brand, age, mileage, and overall condition. Older trucks are often cheap – you can buy one for only around $15,000. Yet, late-model vehicles can cost $100,000 or more.
Choosing the Right Brand
When buying a used truck, the brand is not a guarantee of it working well. General condition and mileage are more important. Yet, most truckers trust names like Peterbilt, Kenworth, Freightliner, Volvo, International, and Mack.
Financing a Used Semi-Truck
Most buyers work with commercial lenders, banks offering equipment loans, or dealership financing. Lenders will pay attention to your credit score, driving experience, size of the down payment, and truck details.
Tips for First-Time Buyers
Buying a semi-truck is not your final goal, but another important move for your business. That’s why it’s important to plan your budget to get enough money for insurance, fuel, maintenance, etc. Keep realistic expectations for expenses and don’t go beyond the planned sum.
First-Time Buyer Programs
Some dealers and lenders offer reduced down payments, flexible credit criteria, or training courses for newcomers. Usually, there are various requirements for entering such programs, yet a clean driving record and understanding of the trucking business will always be beneficial.
Bargain-Basement Trucks: Worth It?
You can find a cheap truck with a price around $10,000. Yet, most of them are high-mileage and require repairs. In such a case, you can’t predict the maintenance budget and put yourself at risk of spending too much. It’s often smarter to save up for a more reliable vehicle.
Extended Warranties: Yes or No?
Many dealers and third parties offer warranties with coverage for key systems like the engine and transmission. When buying a used truck, a warranty can be a smart move for securing your budget.
Matching the Truck to the Job
It’s important to realize what your business goals are when choosing a truck. You may need a sleeping cab mattress if you plan for long-haul routes, or a refrigerating system to transport food items or other perishables.
History and Maintenance Records
It’s important to check the accident report and maintenance history, as it helps to indicate which potential technical issues you may face in the future.
Where to Shop
When seeking a proper truck, check online marketplaces, open auctions, and adverts of private owners offering used semi trucks for sale. It’s crucial to choose a good reputation and reliability over slightly decreased prices; always prioritize the most trustworthy sources.
Summary
Buying a used semi-truck is an important step for every trucker, yet it can often be a challenging and time-consuming task. Don’t rush! Start with planning and understanding your goals. Be sure that the option you choose fits your budget, job needs, and won’t need immediate major maintenance too often.
