Exemplary Reasons To Buy Used Semi-Trucks
Suppose your company's operations involve handling large and heavy loads. In that case, you need suitable vehicles for hauling or transporting them. When it comes to that, semi-trucks are one of the best options. These trucks are called semis because their main components are a powered truck and at least one semi-trailer. Now, when you decide to purchase these vehicles, you'll face two options: buying new or choosing a used semi-truck. Many great reasons support buying a used semi-trailer truck, some of which are listed below.
1. Better pricing
Although trucks are one of the most important assets your company can own and use to transport materials and goods for a long time, you don't have to spend a fortune on them. Used semis are much cheaper than new ones, which cost anywhere from $75,000 to $180,000, or more, depending on the features installed. And to make matters worse, most new trucks fall within this price range, meaning you will be hard-pressed to find a new semi that costs significantly lower. On the other hand, used semi-trailer trucks are cheaper, and there's also a wide variety of prices available in the market. Plus, some sellers allow you to bargain while purchasing a used semi.
2. Reduced depreciation rate
Trucks undoubtedly hold their value well over the years compared to other vehicles. However, the same rules that apply to commercial automobiles also cover them. That means, by the end of the first year, the depreciation rate of a new semi-truck should be 30%. But, from there onward, it drops down to 20%. Used commercial vehicles are not susceptible to similar rules since they are not affected by the initial depreciation rates that undermine the value of new semis when they leave dealership lots. Plus, since buying a used truck involves factoring in and deducting depreciation costs, significant prices get knocked off depending on the extent of usage. Also, these trucks are an ideal investment since selling them means you won't incur immense losses since their buying price already factored in all significant depreciation hits.
3. Warranty
Many used trucks come with warranties. These are included in the truck's buyer's guide. Used truck warranties cover major components like engines and internally lubricated parts. And to make things better, you may also seek coverage for any uncovered parts, be it the exhaust gas recirculation (EGR) system, after-treatment system, turbocharger, or fuel pump. If you are lucky, you may also find a truck with a warranty covering against progressive damage. That caters to the repair or replacement costs associated with failures that affect or damage other components. Either way, used truck warranties help you cut costs and protect your vehicle against breakdowns, which is why they are essential.
Contact a company like Arrow Truck Sales for more information.