Auto Maintenance: Benefits of Keeping the Car in Shape

Two Things To Consider When Purchasing A Used Semi Truck

18 May 2015 by Brent Porter

Careers as an over-the-road truck driver can offer flexibility and can be very lucrative. Owning your own truck is a great way to set yourself up for success. However, for the average newcomer, purchasing a brand new truck is sometimes too large of an investment. Purchasing a used truck can serve as an excellent alternative. However, there are some factors to consider. Familiarize yourself with some of factors that come along with purchasing a used truck before you set out to go shopping.

Research Suppliers

Even with the right amount of care and regular maintenance, the unfortunate reality is that given the number of miles you will likely drive your truck, some repairs will be necessary at some point. Before deciding on a used truck, make certain you research part suppliers. Failing to do this can cost you a lot of money in the long run. For example, say you purchase a used truck that has an engine style that is discontinued and there are only two suppliers in the country that offer parts. In this case, you can likely expect a higher cost and longer wait times for these parts. This means more money out of your pocket and reduced income. It's best to purchase a used truck that will have the parts you need readily available in the event of a malfunction.

Understand The Approval Terms

If you're a smart shopper, you will probably begin the process of securing a loan for your semi before you actually start the shopping process. While this is smart, make certain you understand all the terms of any approvals you receive. Depending on the finance company and your credit worthiness, the terms of your approval might state that you can only purchase a new truck, not a used one.

This is especially true if the truck does not have a current DOT inspection. Given the high cost of semi-trucks, the lender wants to ensure that in the event you default on the loan, the truck will still have a resale value high enough for them to recoup their money. In some cases, even if you haven't been approved for a used truck, if the used truck has a valid inspection and is certified, the lender might allow you to make the purchase.

The more effort you put into choosing the right semi, the more you will be satisfied with your truck for years to come. Make certain you are choosing wisely. For more information, contact a local dealership like Arrow Truck Sales.

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