If you're starting your own trucking business or you want to add a few new trucks to your current fleet, the first thing you need to do is determine whether or not you want to purchase a new or used semi. Sure, new semi trucks typically come with more up-to-date features, but there are numerous benefits to purchasing a used truck instead. So, before you start visiting truck lots, consider these things.
Used Semis are Cheaper
You probably already know that it's cheaper to purchase something new than it is to purchase something used. However, you might not realize that the price difference between a new and used semi truck is pretty big. Typically, semi trucks that are between 10 and 15 years old cost between $35,000 and $45,000. You can purchase a seven-year-old semi truck for between $40,000 and $60,000. However, purchasing a new or almost new semi costs at least $100,000.
More Bang For Your Buck
When you purchase a semi truck used instead of new, you can afford to purchase a truck that has more features without going over budget. Top-of-the-line semi trucks are more powerful and come with more features, which will make your drivers happier. The happier your drivers are, the longer they'll stay with your company. So, by purchasing used high-end semis instead of mid-range new semis, you could increase your employee retention rate.
Lower Operating Costs
Purchasing a used semi truck saves you money in more ways than one. Because the sticker price is lower, the amount of taxes you'll have to pay when you purchase the truck will be less too. Additionally, you won't be losing as much money as the value of the semi truck depreciates, and there's a good chance that the cost of your insurance will be cheaper on a used semi than it would on a new semi. While these things may not seem like much, every little bit adds up, and the less money that you have to pay the more you'll profit.
Whether or not you purchase a new or used semi truck for your business is entirely up to you. However, when you consider that purchasing a used semi saves you money in more ways than one, it'd be difficult to pass up a good deal. Before you start looking for a brand new truck, take some time to browse used semi lots. There's a good chance you'll be able to find a truck that fits your needs and doesn't break the bank. Visit http://www.arrowtruck.com/ for more information.
Share11 March 2016
After our family sedan died, I realized that we needed to focus on finding a new car. I was really frustrated because I had no idea what was out there or what would work best for my family. I started focusing on finding a car that was large enough, and that simple action really made things a lot easier for me. I tracked down a dealership that had mid-size and large SUVs, and I was able to find the right car. This blog is all about narrowing down your car choices, so that you can enjoy your new car and keep your family safe.