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Buying a truck is a delicate balancing act, especially if you are relatively new in the trucking world. There is a lot to weigh, consider, reconsider, research, verify and all the necessary background checks. Eventually, the cardinal question is always whether to buy a new or a pre-owned truck. You will most likely call your ‘buddy’ in Kansas City, who has been driving monster, trucks (those with 450 horsepower) in and around Missouri, to weigh in on your dilemma. Your buddy will feel very privileged that you consider him a truck expert. He will admit that a new truck has its perks. He will also tell you that a solid used Freightliner trucks Kansas City MO will give you more than you bargained for. Here are some of the benefits your buddy will highlight to help you shape your opinion.
This is the primary advantage of purchasing a previously enjoyed truck. With the current economy, everybody is out there to save a dime or two, and truck buyers are no exception. A new truck will have you digging deeper into your pockets than you would wish. Although you will enjoy the perks that come with a new truck like new technology and less maintenance stress, the price tagged to it might be more than you can chew.
A new truck will have you part with $ 100,000, a significant rise in price from $75,000 some years ago. A used truck with the same qualities will cost around $40,000. Surely you would put the extra sixty thousand to much better use like maybe expanding your business or even purchasing two of them. Truck manufacturers say inflation of the cost of building materials and unfavorable government policies have made the price for new trucks shoot.
At any given time, there are most likely more used trucks in the market than new ones. The market has more demand for used trucks because of their value. Apart from multi-million international organizations that may have the cash to buy new trucks most other people in the market will opt for used trucks simply because they can afford it and have a return on their investments.
Reduction in Value
Just like anything new will depreciate as soon as it is use, the same applies to a new truck. However, when you purchase a used truck, the depreciation rate is very low. You will not even notice the depreciation, because the truck is already accustomed to its work and therefore more conditioned. Further, a used truck will maintain its value while a new truck will have to depreciate in a year or so before it is accustomed to its work. In short, a used truck is tested, and its output proved. Your investment in a used truck will have better returns in the long term.
As a matter of fact, a used truck will sustain its value much longer than a new truck will. This makes it very favorable when maybe you decide to resale. You will not make as much loss when reselling a used truck.
Cost of operation
Operating a used truck will be much cheaper compared to that of a new truck. For starters, the insurance rate of a new truck will be so much higher than that of a used one. Because a used truck has much more worth, it will attract higher premiums.
Furthermore, registration and sales tax of a new truck will be much higher. Although the tax varies in different states, you will find out that more states impose a sales tax on new vehicles and exempt pre-owned vehicles.
Buying a used truck will be more beneficial in the long term if you purchase one in great condition. With all the benefits outlined in this post, next time you are out there seeking to make a purchase, weigh the benefits and make an informed pick.