The question about whether or not to buy a used truck or a new truck depends on the person’s budget and the need for a truck. Today, families are choosing to trade in their older vehicles for less expensive used trucks as opposed to the newer models. Several factors, including the downturn in the economy and industry consolidation added to the incline of used truck sales post 9/11. However, there continues to be an increase in used truck sales for different reasons. it is not often that a truck wont start these days, they are reliable work horses able to tackle almost anything you throw at or in them!
The latest models of used trucks are a good financial investment and are a pretty safe bet. You save a lot on licensing fees, financing cost, insurance costs and registration. Most of the time, a used truck is exempt from sales tax. Some used trucks will still be covered under the factory warranty. Most new truck makers also sell certified used trucks, and when they do, they typically include the warranty as well.
Used trucks are more reliable than they used to be. You can trace the history of a used truck with the vehicle identification number.
When you buy a used truck from a known person, negotiating the price is a lot less stressful. Of course it is natural that anyone would want to own a brand new truck with various upgraded features. But, if new trucks come with a huge price tag, it is better to look at something else. Before you finalize your decision between a new and used truck, you want to know the pros and cons of each.
We all know that new trucks lose a lot of value within a couple of years of being driven. If you decide to buy a used truck, you can get a better deal because of that depreciation. Used trucks cost approximately 30 percent less than the cost of a brand new truck.
The real value of a used truck is based on its reliability, condition, popularity, mileage and performance. Below are a few checkpoints that will ensure a used truck will meet all of your needs.
- Always get the VIN number and have a history report run on the vehicle.
- Always take the truck for a test drive in normal conditions.
- If the truck is not certified through the manufacturer, have a mechanic check it out.
- Always read your contract when buying a used truck, and make sure you have a clean title.
- Before you take delivery of the used truck, inspect it for dings, scratches and dents.
If you do choose to buy a used truck, use the tips above to make sure your purchase is successful.