Should you buy new or used?
New vs. Used Semi Trucks
Trucks are an integral part of moving goods across North America and the world. At Tallman Group, we know that choosing the right truck can be a tough process that involves many variables including but not limited to: brand loyalty, technology, dealer support, new or used and ultimately, price. When deciding whether to buy new or used it pays to know a few tips to aid the shopping process. In that spirit, we’ve put together this short guide to help our customers get the most out of their shopping experience. So read on for more information or head into one of our locations throughout Ontario for a first-hand look at our stock of new and used semi trucks.
Buying a New Semi Truck
There are plenty of reasons to purchase a new semi truck, from the general quality inherent in new engineering, to the numerous benefits of the latest technology and designs. Certainly you’ll find the highest sticker prices on new heavy duty trucks, but a new vehicle can actually be more affordable in the long run. While the latest tech might seem like a big expense, a lot of newer designs focus on fuel economy, which is at the top of any expense list when running a fleet of vehicles. You’ll also solve growing environmental concerns with lower emissions and save time with electronic integration. Newer trucks tend to be easier to operate as well, giving more room for operators to drive without worrying about constant maintenance and service. Buying new means less time for the truck in repair and more time on the road delivering goods.
While a lot of the benefits to a new semi truck are wrapped up in functional operation, there’s also a lot to be said for a fleet of trucks that look like they’re in good shape. Professionalism and dedication to a client can be communicated in the vehicle they interact with. A shining new truck might signal to your clients that you’re growing your business or at least operating in such a way as to bring the latest and greatest to the job. A rusted husk of a truck that barely chugs down the freeway can say to your client that you’re behind on the times without much hope of catching up.
Buying A Used Semi Truck
There’s no reason to dance around the main appeal of buying used: lower price. This goes for personal commuter vehicles just as well as heavy trucks and other commercial equipment. New means higher price and used means lower price. That means a significant investment in a new truck can be made without a big budget, or that budget can expand to include more used equipment instead of a single vehicle. This can be a great boon to a smaller company.
Buying used is also a great option if you need the truck right off the lot as ordering new from the factory can take anywhere from 60 days to 6 months if specialized equipment needs to be installed.
New vehicles are notorious for losing value as soon as you drive them off the lot. A new semi can depreciate as much as 40% in the first year alone. However, used trucks hold their buy-in value rather well if properly maintained. As long as you stick to your regularly maintenance and service schedules, you’ll be able to resell a used semi truck for close to what you paid for it, saving you money.
Buying used also gives you the choice to pick from older models of truck, which could save you from unknown deficiencies in the newer models. Making a choice for the best piece of equipment becomes a lot easier when you have the feedback and reviews of other customers.
Choosing between a new or used semi truck can be hard, but with a few of these tips you should be well on your way to making a smart purchase. All it takes it a bit of research, some cost analysis, and knowing what you need. If you’re still sorting things out, or you’re just interested in checking out our stock of new and used semi trucks, head into Tallman Group at one of our locations throughout Ontario. Come in today and speak with our team of knowledgeable and courteous professionals who’re more than eager to answer your questions and help you find what you’re after!