When it comes to your fleet, the time comes when you have to take a good, serious look at what is in existence. What is the condition of your fleet? Is it time to sink a major investment into your vehicles? Perhaps the more frugal choice of new-used trucks is a smarter option right now. Or, maybe you need to wait a while and operate with what you have for the time being. The answers aren’t particularly easy here, so we’re going to examine the options to help you decide whether buying a new or used heavy truck best suits your business needs.
We realize that many companies are choosing to stick with what they’ve got due to the economic climate. But remember that there are numerous money-saving options to buying newer vehicles – fuel economy being just one of them.
Weighing Your Options
Since we just referred to the economic climate, this is a good time to let you know that because of it, there is a lot of good equipment available. If the truck is right and the equipment is what you need, a deal on a used vehicle could be exactly what you’re looking for. You must weigh your options, your budget, the future of your business, your staffing, and more.
Benefits of Used
There are many positive aspects when it comes to buying a used heavy truck. Before you dive into the purchase of a brand-new vehicle, consider the pluses that go along with buying used.
Pros
- The money that can be saved on the purchase price can be astounding.
- You may be able to purchase an extended warranty.
- It may be more cost-effective to have new technology and parts added to older vehicles if, indeed they are compatible, rather than buying an entirely new truck with new upgrades. It may also be possible to buy used upfitting equipment for your older vehicle.
Cons
- While not exactly a con, you may see specific models of trucks which have been repurposed difficult to find. People have already realized that buying used is beneficial, so certain models get bought up first.
- The questionability of a warranty, application suitability, durability, and reliability.
- The down time and cost involved in and during part replacement.
- Depending on the age of the vehicle, parts may be difficult to find (for repair and replacement).
Benefits of New
Despite the price, there are many good points to buying a new heavy truck.
Pros:
- You aren’t buying someone else’s used and abused work truck. No previous wear and tear to be concerned about.
- For your precise application, new trucks can be upfitted before delivery.
- Your warranty will be exceptional.
- Lower emissions and better fuel economy.
- Resale value will be favorable. You will probably simply drive a used vehicle until it falls apart, rather than reselling it. With a brand-new vehicle, when you decide to upgrade again or downsize your fleet, selling a newer vehicle will be one way of getting some of your money back.
Cons:
- The price, obviously; and if you do decide to have your heavy truck upfitted before delivery, new upgrade equipment will likely be more expensive than older, used equipment as well.
- Because of the higher price, you may only be able to buy one vehicle at time rather than a couple of used vehicles.
Count on Mickey To Keep Your Fleet Running Like New
Regardless of whether you by a brand-new truck, opt for the more affordable option of a new used vehicle, or decide to stick with what you’ve got for a while, Mickey Genuine Parts has a lot to offer. We can help with fleet conditioning, no matter the age of your trucks. With our conveniently located, certified service centers throughout the United States, we can help you meet the needs of your preventative maintenance program – keeping your fleet up, running, and making money.