If you’re considering buying a semi-truck, whether it’s your first or 21st, you need to know a few things upfront to make the most of your money – both in the purchase and over the long haul. First, be sure to consider the type of driving/hauling you do when looking at purchase options. For example, are you a long-hauler who needs that good mileage? Or are you moving the heavy goods and need more power?
Be sure to talk with your fellow truckers and get some firsthand opinions from the real experts. Whether you ask the drivers or ask the salespeople, there are several things to consider.
New or Used?
Like everything you buy, you’ll have fans of purchasing new vs. purchasing used semi-trucks. How to decide is also like most things. How much money do you have? How large of a payment can you handle? How do you feel about repairs?
A new truck is going to cost more up front. However, if you can afford the monthly payments, your out-of-pocket expenses should diminish. You should see fewer repairs and potentially get better mileage with a new truck.
Should you choose to go the used route, you can save a lot of money. Consider how much a new truck drops in value when you put it on the highway. You may have a lower monthly payment when you buy used based on a smaller loan. However, repairs will happen more frequently, and your warranty on a used truck will likely be limited and short.
Have You Considered Leasing?
One way to get into the trucking game without purchasing a vehicle, or to build your fleet, is to consider leasing a semi-truck. When you lease, you let many of the worries roll right off your back. You might pay more per month, but repairs fall on the company you lease from. In addition, depreciation is no longer your concern. After the lease is up, you can move on to a newer model. In addition, some truck leasing businesses offer a lease-to-own program, which puts your money right back in your pocket.
At Bulldog Truck Sales, we like to see our leases lead to owning your vehicle in just a few years. We work with you and will even help you get back on your feet if you need that. We understand all our customers are looking for a great truck at a fair price. We stand by our motto: “We find a way to say Yes!” Contact us today to find out more.
Posted on behalf of Bulldog Truck Sales