There comes a time when you already need a new big rig to expand your fleet and increase your delivery capacity. However, choosing between a new truck and a used one can sometimes prove to be challenging. There are definitely noteworthy benefits and drawbacks to going either way. In this case, perhaps it is a good idea to look into the reasons why you should consider investing in a secondhand semi-truck.
Less upfront cost
One of the most obvious reasons why you should look into buying a used semi-truck to invest in is the lesser amount of upfront cost that you need to shell out to acquire the vehicle. You can try to check out auction sites or local dealer shops and there you will find old semi trucks for sale in still mint condition. A used semi-truck is definitely cheaper than a new one of the same model from the same manufacturer, while still boasting of all the features that you want in a truck.
Aside from being able to save on the purchase price, you also get to pay less in sales tax. In this way, you are able to maximize your investment, as well as the choices that you make. Nevertheless, it is important to make the most out of the financing options available for used semi-trucks to further lessen your financial burden.
Because the value of used semi-trucks is comparably lower than the value of new semi-trucks, it follows that their insurance premium also costs a lot less. In this case, you will be able to allocate the money that you need to spend on the truck’s insurance for its maintenance needs instead. You can even put the extra money that you have saved to customize your big rig such as getting larger tires or adding a roof rack.
Avoid depreciation rates
When you buy a new semi-truck, you suffer a great loss because of depreciation. This means that the value of the new semi-truck that you have bought will be significantly less when you eventually sell it as a used semi-truck in the future. This is where buying a used semi-truck proves to be beneficial.
When you buy a used semi-truck, you lose much less value because of depreciation. This can be attributed to the fact that used vehicles no longer depreciate as quickly as the new ones. As a result, when you decide to trade in your used semi-truck in the future, you will be able to recoup a larger percentage of your investment or the amount that you have used to purchase it.
No additional fees
New semi-trucks that are displayed on a showroom floor often come with pricey extras that may not really be necessary. On the contrary, when you go and shop for a used semi-truck, you can narrow down your focus on checking out secondhand big rigs with the features that you need and nothing else. The best part is that you will be in a better position to negotiate the price of the vehicle. As a result, you will have the opportunity to get the used semi-truck at its most favorable price.
Proven track record
It is often the case that when you purchase a used semi-truck, you are less likely to find defects from the manufacturer because it already has a proven track record. In this case, you only need to ensure that you scrutinize through the truck’s maintenance records to ensure that the used big rig has been well maintained. You can even ask for the help of a professional truck mechanic in inspecting the used semi-truck that you are considering.
Freedom to customize
When you go for a used semi-truck, there is a great chance that it has already been accessorized with the features that you want to have in a truck. This means that you will be paying less for a truck that is already equipped with front grills and rams for instance or even leather upholstery. Apart from this, you also have the freedom to choose the look that you prefer in a vehicle, allowing you to build your own branding.
All these while ensuring that you don’t go beyond your limit or still stay within your budget range. Overall, a used semi-truck will open up numerous opportunities for you to maximize value for your business.
There are several good reasons why you should definitely consider investing in a secondhand semi-truck. Aside from being able to maximize your investment because of fewer upfront fees, insurance costs, as well as depreciation rates, you are also sure of the big rig’s proven track record. Just keep in mind that there will always be some potential drawbacks in going for used semi-trucks, but the great news is that the benefits of getting one usually outnumber these few pitfalls.
By Joie Mojica
who is a passionate writer and the blogger of Used Vending. She enjoys writing and works at an amazing pace. Blessed with two adorable boys, she dreams of creating a successful career online. She also loves to write about parenting, home and family life, technology and gaming, as well as beauty and health.
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