If you are in the market for a semi-truck, stop looking a new trucks. Used trucks are just as good, but they have much lower price tags. If you are unsure about getting a used truck, check out these five benefits of buying a used truck instead of getting a new one or leasing.
It Belongs to You
Leasing a truck is a great way to get a quality semi-truck for less. However, when you lease a truck, you don't own it. You may not be allowed to modify it because you are only renting it. Think of it like renting an apartment vs. owning a home. When you're renting, you may need to get permission to paint the walls or get new carpet, but when you own a home, it's up to you and you alone. You can purchase leased trucks, so if you decide that you do want to own it, you can, but expect to pay a lot of money. In fact, you'll spend more buying a leased semi-truck than if you had just bought the same semi-truck from the start.
Depreciation Is Reduced
Anyone who has ever purchased a new vehicle knows about depreciation. You buy a new car and, suddenly, it's worth a lot less. If you decide to sell or trade the car, or if you get into an accident, you're out of a lot of money. This is the case with new semi-trucks. If you purchase a used one and your truck ends up getting totaled, or you need to sell it for financial reasons or you simply don't want to be a trucker anymore, you're going to get a better ROI than if you try to sell a new truck.
Operating Costs Are Reduced
Vehicles have a lot of costs other than the original purchase price. You have to pay for gas, insurance, registration, etc. When considering what semi-truck to buy, you must take these into account. If you get a used-semi, you'll save money on insurance because the truck is worth less than a new truck. Registration for a used truck is typically less expensive, too. However, make sure to check gas mileage when buying used. New trucks will tend to have better gas mileage than used because used trucks are older.
Name-Brands Are Available
Everyone loves name-brands, and there's a reason. They typically are more durable and trustworthy than off brands. Of course, because of this, name-brands are expensive. You can help offset this higher price, however, buy buying a used truck. Typically, you can expect to pay between $100,000 and $150,000 for a new semi-truck. You'll only pay $15,000 to $100,000 for used. You may be able to get a used name-brand model for less than new off brand trucks. The used truck will probably be a few models older, but it's still has the quality associated with the brand.
You Get What You Need
Everyone wants the vehicle with the best features, but all those features add up fast. When buying your first semi-truck, it may be easy to get tempted to buy a top-of-the-line model that has a lot of expensive features you don't need. When you buy used, however, you can't choose all those add-ons. You get what you get, making it a much more affordable option because you only get what you need. Once you start raking in the money, you can consider getting better features. However, even then, you can save significant money with a top-of-the-line used truck.
Buying a new semi-truck means you'll get the latest models, but it also means you have to spend a lot of money. Instead, consider buying a used semi-truck, so you only get what you need for less money. For more information, contact a used semi-truck dealer, such a those at Arrow Truck Sales, today.