USED TRUCKS: A STRATEGIC EVALUATION (Part Two)

truck for sale

When buying Used Trucks is the Only Option:

 

The Benefits of Buying a Used Truck

Naturally, if you buy a used heavy or medium duty truck, the cost for the vehicle is significantly lower than if you were to pay for a brand new one.

Additionally, with proper guidance, many used trucks that are put up for sale are in excellent condition. Some of them have barely been used at all.

On the plus side, used trucks sometimes do come with warranty/ guarantees that are still valid, if they’ve been used minimally and were manufactured within the past few years.

The Risks of Buying a Used Truck

The first fact you must come to terms with is that ‘Any used heavy duty truck can be in any sort of condition’. For this reason, it is important to take the position of a skeptic when you enter into negotiations for a used truck.

Because these vehicles may have any number of damage problems or wear-and-tear issues, it is important that you thoroughly inspect the truck or seek the tested competence of well established buyers.

Performance is sometimes slightly lower in a used truck than in a brand new vehicle, simply because the car has already been used.

Factors to consider when buying a Used Truck

As a potential buyer for a used truck, you know the importance of ‘getting it right’ the first time. There is very little margin or scope for making mistakes that might be costly in the long run. The following are some questions that should help with your research and final decision before you settle on a particular truck.

How Old Is The Truck? This question is irrelevant unless you add perspective to it; that perspective is the expected longevity of the truck for your own haulage and shipping needs.

How many years do you expect to use the truck?

Based on what you’re paying for it, how much will it cost you per year for the duration of your ownership?

How important is the appearance of the truck to your business?

How many miles does it have on it?

What value will the truck bring to your business in terms of income, credibility, convenience and other factors?

These are questions that necessarily need to be answered before you decide whether an older truck will serve your purpose.

As an example, there are several Used Mack trucks for sale on the market, but answering those questions will help you identify the best model and year of manufacture that you finally want to go with.

How Useful Will It Be? This question addresses the utility of the truck.  Here is where you need to specify exactly what role the truck will play in your business.

If your requirement is haulage of supplies, etc., then estimate what volume and weight of supplies you will need to carry on a regular basis. This question will help you decide whether you need a flatbed, a flatbed stake-body or a rollback, as an example. It will also help you identify the exact size you need as well as the engine and weight capacity. There are for example, some used Iveco trucks for sale that might be available at a great price, but is that really what your business needs?

Would a different type of truck serve the purpose equally well and, if so, then which other trucks meet those requirements?

How often will the truck be used for the purpose intended? Will the utilization justify the cost?

These  two  questions  and  the  corresponding criteria  will  help  you  hone  in  on  the perfect truck for your needs – and for the price you’re willing to pay. It is vital that you review every potential truck purchase against these criteria; in the end, the best truck will be the one that stands up to this type of close scrutiny.

When buying your trucks (one of the most important business decision you will probably ever make), is definitely not the time to give credence to emotions and flawed sentiments!

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