SHOULD I BUY A
NEW OR USED TRUCK?
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There’s a lot of popular trucks used throughout North America. You’ve got Freightliner, Volvo, Kenworth, Western Star, and many more! Though they sure are nice to look at, shiny new trucks with chrome stacks, aluminum wheels, and posh sleepers may not be wise choices for first-time drivers. The trucking industry is fraught with hard to understand regulations, unexpected pitfalls, and economic factors that can vary greatly from one month to the next.
How do you choose the right one for you? Unfortunately, there is no one size fits all truck. Picking your first truck comes down to personal preference and the type of work the truck will be doing.
Here are a few things to consider before purchasing your first truck as an owner operator. Before anything else, map out some of the factors that will influence what you’ll need from your truck.
If you have a set route then you’ll be able to answer these questions more easily.
Are you going long-haul, short-haul or local?
What style of cab will you want?
Does the truck need to meet emissions testing?
How heavy are the loads you’ll be hauling?
Are you buying new or used?
Are you financing or paying up-front?
Every owner operator out there will swear by a different manufacturer. Some truck drivers won’t think of owning anything other than a Kenworth or a Peterbilt, while some swear by a Volvo or a Freightliner. It will pay off in the long run, to take the time to consider your choices carefully.
In many instances, well-maintained, low-mileage tractors are great alternatives to new ones.
Keep in mind the specifications that may influence which make or model is best for your needs. This first truck will be the beginning of a new chapter in your trucking career.
8 THINGS YOU SHOULD KNOW
WHEN BUYING A USED BIG RIG
Purchasing used semi trucks isn’t necessarily a bad thing. It is possible to get a great vehicle that will serve you well and be very reliable.
Before you invest your hard-earned money here are 8 things to consider when buying a used big rig
TIP # 1 – KNOW WHAT YOU NEED BEFORE BUYING A USED BIG RIG
These days, a new truck is out of the ballpark price-wise for some owner operators, so used equipment may be the answer.
If for whatever reason you feel compelled to buy used, make sure that it has been well-maintained and has the engine and driveline specs suitable for your needs.
Also, be sure it is suited to the type of work you’ll be doing with it.
Having the proper specs are SO important, so don’t buy it just because it’s a deal, as an underpowered rig for hauling heavy loads will be a COSTLY MISTAKE.
TIP # 2 – WHAT TO LOOK FOR IN A USED TRUCK
Know the engine history and look at a list of its scheduled maintenance.
Over 700,000 miles turned?
Be prepared for an engine rebuild soon.
Most decent engines will go to a million miles if they are treated right, but there’s no predicting when an engine will require an overhaul.
Some purchasers will rebuild right away when they buy used, knowing then they have a reliable truck.
When you are looking to purchase a used tractor, ask for this information;
Copies of the maintenance records
How often was the oil changed?
Who maintained the vehicle mechanically?
What hasn’t yet been replaced, that is due for replacing soon, such as transmission, rear ends, etc.
Tire tread depth. Do the tires have a reasonable life left in them?
Have oil samples from the engine, transmission, and have the rear ends been analyzed?
Check the suspension, wiring, rear-ends, complete drive train, and transmission
What types of problems did engines of this type typically suffer from and when?
Check the history of the specific engine.
By obtaining a complete picture of the “health” of the truck, the buyer can also budget for repairs and upgrades.
The costs of the repairs should be factored into the total price for the purchaser.
TIP # 3 – BUYING A USED BIG RIG FROM A REPUTABLE DEALER
Unless you know the original owner and the maintenance history, I recommend dealing with a reputable used truck dealer, rather than a private individual.
This is of particular importance for three reasons:
1. Various forms of financing are usually available (the buyer can retain some of his cash)
2. There’s a better chance of recourse if the deal goes sour (most dealers don’t want a reputation of being “slimy”).
3. The dealership will most likely offer a short warranty, should something break shortly after purchase.
Personally, I would prefer dealing with factory dealers, rather than large volume used heavy equipment companies. However, the size of the dealership/seller is not a guarantee of quality or service. I once sold a trailer to Arrow Truck Sales, reputably the largest used heavy equipment dealership in North America.
When I asked for a certified payment for the trailer sale, they scoffed at me and told me their reputation was beyond repute. So, reluctantly, I accepted a non-certified check from them. Sure enough, the check bounced.
Yes, they rectified the situation a week later, but only after a great deal of stress, inconvenience, and costs. They also refused to reimburse me for any of the bank charges and expenses I incurred as a result of the bad check.
Lesson: Don’t trust anyone, more than you have to. The size of the company is not an indication of quality when it comes to used truck companies.’
For the most part, although there are exceptions, the dealership wants your money, and they want you gone. Repeat business doesn’t seem to be a consideration for some.
TIP # 4 – ASK ABOUT EXTENDED WARRANTY
Extra warranty through a dealership is often an option and certainly worth researching. Sometimes that can save a lot of grief. Be prepared financially, as extended warranties can be very expensive, and may not offer good coverage on major components.
TIP # 5 – BEWARE OF THROW AWAY TRUCKS
Some trucks when new are built to last for only a short period of time – what I call disposable trucks, with virtually no resale value after the initial purchaser is finished with them.
Learn to recognize the earmarks and manufacturers of these kind of trucks. Look at the quality or lack thereof the initial build. Research the availability of the particular make and model, including the specs of the vehicle you’re considering purchasing in the used truck sales market.
Are there thousands of this make and model with the same specs available for a low price? If so, beware, that is NOT a good sign. I personally like Paccar products, mostly because Paccar does not build these kind of trucks. Their products are built to last and made for the long haul. I’ve had good experiences with their vehicles.
TIP # 6 – WHEN TO WALK AWAY FROM A DEAL WHEN BUYING A USED BIG RIG
If you can’t obtain the history of a used semi from the seller, or at least speak to the trucker, who drove it, walk away. It may have been involved in an accident and was still running while lying on its side in a ditch (these vehicles can have severe engine damage).
Big dealerships love these because they can buy them dirt cheap, patch them up cosmetically and sell them for a reasonable profit.
TIP # 7 – BUYING A FLEET TRACTOR
Buying directly from a fleet which is updating to more current models, can be an excellent way to go. Their repair shop can show you the unit’s mechanical history and proof of regular maintenance. There’s a good chance they can put you in touch with the individual who drove it. However, on the other hand, company drivers can be pretty hard on a vehicle which they don’t own.
Purchasing an owner operator truck is usually a better option, although not necessarily a guaranteed thing. Some owner operators try to save money by not maintaining their truck the way it should be. Look to see if that fleet is updating with the same make and spec of the tractor. If they are going with the same vehicles, just newer models, that’s a good sign it’s probably been a decent vehicle.
TIP # 8 – BUYER BEWARE WHEN BUYING A USED BIG RIG
When it comes right down to the crunch, the bottom line is, buyer beware.
It’s up to you to do the homework. Do your research before you buy.
After all, you will be the one stuck with the consequences of a bad purchase.
It never ceases to amaze me, how many people will buy a Class 8 vehicle, new or used, just because they like the color.
The color will have little bearing on its revenue potential, although perhaps a bit of influence on the resale.
Take the time to do the necessary investigating to be sure you’re making a good choice, when buying a used big rig.
Follow these helpful tips to help ensure you’re getting the best “bang for your “truck” buck.”
What if I Have an Accident
Expenses on the road, and Who Covers Them
A Few Tips For Owner Operators