New vs. Used Semi Trucks
As the modern world has come to rely more and more on fast shipping, heavy-duty trucks have become a critical component to keep the system running smoothly. As their importance has risen, so has the cost of a new semi truck. While the reasons for the price increase vary, the result is that used over-the-road tractors and midrange trucks are an attractive alternative right now. The differences between buying new and used semi trucks can be as complicated as the nuances of international markets, or as simple as bottom-line cost.
We at Palmer Trucks know that any new piece of equipment you purchase is a major investment, and often the price difference between new and pre-owned stands in the middle of that decision. We’ve compiled the following guide to help you make the best decision for your budget and needs. If you want additional help or if you’re looking for new and used semi trucks for sale, visit us at one of our 13 locations across Indiana, Ohio, Kentucky and Illinois.
Reasons For Buying New
A new semi truck might seem like a very expensive option, especially considering the rising sticker prices across the market. However, opting for the newest model might be more affordable in the long run. With new semi trucks you get the latest tech and features, which might seem like ‘extras’ but are great for comfort and safety.
There are also important cost-saving aspects (like fuel efficiency) and environmental concerns (such as lower emissions) and even time-savers (electronic integration, for example). Buying new means less time in the shop and more time on the road. New semi trucks will not only need less service and repair (especially if you maintain them well), they’re also much easier to operate.
New equipment is also a sign of prosperity, growth, professionalism and dedication to the task at hand. These signs create a positive impression about you and your business in the minds of clients. A client will be far more happy when they see a clean, new vehicle rather than a rusted out husk that could just as well be found abandoned in a forest as delivering your cargo. Having a shiny new fleet of trucks will help show the world you have your business together.
Reasons For Buying Used
The main draw of buying used semi trucks is the lower price. This is the main reason why people opt for pre-owned vehicles and machines, because it helps cut overhead costs. You can then make a significant investment without requiring a big budget. You can also use a big budget to get multiple pre-owned vehicles rather than one new one.
When you buy used, you skip the initial depreciation of any vehicle the moment you drive it off the lot, which can get up to as much as 40% in the first year. If you maintain it well, your used semi truck will hold its value. As long as you stick to a regular maintenance schedule and keep up to date on service documentation, you’ll be able to get close to what you paid for if you sell at the right time.
Buying pre-owned semi trucks also gives you greater choices than just the current year models. Some newer models have unknown deficiencies that only reveal themselves after they’ve been used and reviewed by owners and operators.
We hope this information will help you make a decision that works for you. If you need any additional help deciding, visit Palmer Trucks at our locations across Indiana, Ohio, Kentucky and Illinois. We also have a wide selection of new and used semi trucks for sale. Come in today to discover the true meaning of customer satisfaction!