Fleet trucks used by companies to transport goods are a critical part of the transportation industry. When it comes to purchasing fleet trucks, there are two main options: buying new or buying used. Both are valid choices, but here are 3 good reasons to consider used fleet trucks.
The most significant advantage of buying used fleet trucks is the cost savings. Used trucks are typically less expensive than new trucks, so opting for used vehicles helps your business save money on upfront costs. For companies that are just starting or those that are looking to save money, used fleet trucks are the way to go. In addition to the initial purchase price, used trucks can also save money in terms of insurance, registration, and taxes.
Depreciation is a significant factor to consider when buying a fleet truck. New trucks depreciate rapidly in the first few years, which means their resale value decreases quickly. In contrast, used trucks have already taken their most significant depreciation hit, which means their value has stabilized. To translate this into more meaningful terms, if you decide to resell a used truck you bought after a few years, you’re likely to get a price close to what you paid, especially if you maintain it properly. The same will not be true for a new truck; when you sell a truck you bought new, you’ll get a much lower price, even for models that are known for retaining their value.
Another advantage of buying used fleet trucks is they have a demonstrable track record of performance. These trucks have been on the road and have proven their reliability and durability. This information helps you make an informed purchasing decision, since you’ll have a good sense of how the truck has performed over time. Additionally, used fleet trucks come with maintenance records, which provide valuable insight into the condition of the truck. Fleet trucks are typically well-maintained, which means you can get likely get reliable performance for many years.
The Bottom Line
In summary, buying used fleet trucks provides significant benefits for your trucking business. Research the history and condition of the truck and work with a reputable dealership to find quality vehicles that will meet your needs and your budget. The cost savings and proven track record of used trucks make them an attractive choice for transport businesses of all sizes.