Purchasing a used truck can be a much trickier process than simply buying a new one; because a pre-owned big rig already has a history on the road, it is much more important to know the value and specifics of what you are buying before your money changes hands. With this in mind, a wise buyer can get a great deal on a used tractor-trailer so long as they follow the proper procedures for making their decision. Here is a guide to buying a pre-owned truck that is freight hauler approved!
The 5 Steps to Follow when Buying a Pre-Owned Truck
1. Decide what you need
Just like a house in the suburbs has comparative advantages and disadvantages to a condo in the city, different sizes and builds of trucks can serve entirely different purposes. Regardless of the value, size, or nature of what you intend to be carrying, buying the wrong truck can not only cost you money but also prove completely useless to your business. You might want to browse truck auctions to see what sort of trucks are available in your price range. If you already own a truck and are clear on what you need, further research may not be necessary. On the other hand, owner-operators who are just starting a freight business or trucking companies looking to add another type of truck to their fleet should spend however much time it takes for them to be confident that they know what they must buy.
2. Do your research
Buying a used semi-truck does not just involve understanding the various types of vehicles available for secondhand purchase; once you have determined what kind of truck you need, the next step is finding businesses selling what you aim to buy. Along with simply viewing the trucks online, it is important to actually go to the dealership where the truck waits to be purchased so that you can take a closer look at what you are about to get. Inspecting a used semi tractor-trailer can be a tedious process, as it involves actually looking at the inside and outside of the vehicle along with checking out the specs on paper. Regardless, pre-owned commercial trucks can be very expensive and it is important to avoid bad surprises – know the history of the truck to ensure that you aren’t buying a vehicle that has been in 20 accidents and is knocking on death’s door.
3. Don’t just listen to what the salespeople say
As is the case with most automobile sales businesses, customers should be wary of the fact that the salespeople get a commission off of every sale they make. This means that they will often be driven to make a sale even when the product does not necessarily fit the consumer, as well as the buyer, would hope. This does not mean that buying used big rigs from a dealership is a bad idea, but it does strengthen the argument to be made for doing personal research. Some of the best trucks to buy used can come from pre-owned vehicle dealers, but the high cost of buying a used tractor-trailer means that a few hours of learning about the details of a truck that might become yours is well worth the effort. With this being said, there are plenty of truck dealerships such as this Truck Dealer Calgary, who can help you find the perfect second-hand vehicle you’re after.
4. Ensure that your needed specs are met
Just like a family of 6 probably shouldn’t have a Mazda Miata as their primary car, buying a used tractor-trailer that you want instead of one that you need can end up being a mistake that becomes very costly over time. If a cheaper or newer truck is smaller than you would like, you will miss out on lots of opportunities to haul lucrative loads due to your lack of cargo space. If the bigger semi looks more comfortable on the inside but guzzles more gas than a small nation, your loads might not be big enough to cover the cost of maintaining and fueling such a monstrosity. Purchasing a used freight truck requires a good business sense and a willingness to keep things objective so that the decisions you are making are those that are best for your business long-term and not impulsive buys that you will come to regret.
5. Look into the reviews/history of the current owner
Deciding where to buy a used semi-truck is just as important as deciding what used-semi truck to buy; if the person that is selling it to you is dishonest, or a crook, you are likely not getting your money’s worth ut of the purchase. As a result, taking advantage of services like Yelp that will inform you as to the history of the seller will undoubtedly help you decide whether or not to buy from them. There is always the chance that the truck has issues that aren’t clear until it actually hits the road, and although there isn’t really a way to prevent this possibility (even when a contract is in place to attempt to dissuade sellers from making false claims), looking at reviews can be a great way to gauge the trustworthiness and quality of the seller from whom you are looking to buy a used semi-truck. The transition of businesses into the digital age has made it increasingly easier to know a great deal about companies and their services, so a smart trucker looking into buying a used tractor-trailer will utilize these simple and fast resources.
Although the prices on a used truck can be far lower than they would be on a new vehicle, big rig trucks are very expensive regardless. Accumulating enough cash to buy a used semi-truck can be difficult, and taking out loans can put the business owner at risk.
If you’re already hauling loads and are ready to buy another big rig, freight factoring can get you the cash you need to help with your down payment. For more information on freight factoring, call Easy Freight Factoring today.
We will connect you with a truck factoring company that can put money in your hands within 24 hours of making a deal. Ready to get started now? Fill out the form below to get a free online quote!