A brand new commercial truck has caught your attention. And the television advertisement tempts you to visit the dealership to have a look at it. But is a new commercial truck right for you? There is no denying that it has zero mileage, and the financing options may be appealing, but is there another option? Yes—a used commercial truck. While there are many enticing reasons to consider used commercial trucks, none has the aspect of saving money. This article will highlight four ways a used commercial truck can help you save money.
1. Avoid Initial Depreciation
Depreciation for a new commercial heavy-duty truck begins right after taking it off the showroom. And the rate will be high during the first year of ownership, then slow down in the second year. Truck depreciation leads to loss of money—lots of it. You can void the loss associated with initial truck depreciation by buying a second-hand commercial truck. If you purchase a well maintained second-hand truck from a reputable dealer, you will be getting even more value for your money
2. No Exaggerated Fees
Second-hand trucks have no inflated prices. Yes, they won't hurt your wallet with hidden costs such as shipping, dealer preparation, advertising, and destination costs. Even better, you do not have to pay for costly dealership customization. You can customize your second-hand truck to your liking at a cheaper cost.
3. Lower Registration Fee
Most states base annual registration fees on the truck model year and its value. Typically, the registration fee is high during the first three years of ownership. Buying a second-hand commercial that has been used for more than three years presents you with a chance to save money on costly new registrations and renewals.
4. Lower Insurance Costs
Insurance companies determine premiums based on the truck's value. Used heavy trucks have lower replacement value than new ones, meaning you will be paying low insurance premiums. So, you get to save money every month in the form of lower premiums and the lower truck upfront price.
Buying a new commercial heavy-duty truck offers many incredible advantages, but you have every reason to consider a used one when you are on a tight budget and need a reliable truck. Want to buy a used heavy-duty truck? You better buy from a trusted used commercial truck dealer. You will get the right heavy-duty truck for your business transport needs at a much-reduced price.
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