5 FAQs Regarding Buying A Semi-Truck

If you're looking for a new and exciting career, you may be considering becoming a long-haul truck driver. If so, you'll likely want to get your own semi-truck, so you can be your own boss. If you have a lot of questions regarding purchasing a semi-truck, you must check out these five frequently asked questions about buying your own semi-truck.

Are They Expensive?

A semi-truck is a big vehicle, so you are going to pay a lot to buy one. If you want to get a new semi-truck, expect to pay up to $150,000. As with any vehicles, the exact price depends on factors such as manufacturer, model, features, etc. A top-of-the-line truck from a number one manufacturer is going to cost you a lot more than a barebones model from an unknown manufacturer. However, there is a better way to save money when buying your semi-truck: buying used. Used semi-trucks cost between $15,000 and $100,000, so you can get a better truck for less money. Of course, to help you pay for your used semi-truck, you can still ask about financing.

What About Leasing a Truck?

Leasing a semi-truck is another option, but it isn't perfect for everyone. Leasing a truck is incredibly affordable, so you can usually get an expensive truck for little money. On the downside, however, you don't own the truck. You can't do whatever you want to it, and you don't get to claim it as an asset. However, leas contracts usually allow you to purchase the vehicle after the lease agreement has ended. This is a costly mistake because when you add up all the money you've spent on the truck to lease and ultimately buy, you've spent more than if you purchased it brand new in the beginning.

Do Semi-Trucks Experience Depreciation?

All vehicles experience depreciation. People joke that the moment you drive off the lot in your new car, it's already worth a lot less, and this is nearly true. When you get a new vehicle (car or semi-truck), it has an inflated price because of that "new" sticker. New means no problems. It means no one has crashed the truck and kept it secret. All these benefits cause that inflated price. Used semi-trucks also experience some depreciation but at a much lower rate. Therefore, if your truck needs to be sold or replaced, you get closer to what you paid for it.

Are Operating Costs Expensive?

Semi-truck also have operating costs, and they do tend to be more expensive than regular automobiles because the trucks are so big and expensive. You'll need to pay for insurance, registration, gas, and you may even need to pay for extra insurance for whatever you are hauling. Typically, with a new truck, all these operating costs are more expensive than with a used truck. To save money on gasoline with a used truck, however, you may need to shop around because new trucks usually have better gas mileage than older ones. You'll want to find a used truck that is only a few years old.

Where Are Semi-Trucks Sold?

Now that you're interested in getting a used semi-truck, where are you supposed to find one? There may be a dealer in your area, but most likely, you'll want to search for an online seller. Online sellers have more access to truck from all over the country. This means you'll be able to find the perfect truck for the perfect price, and these companies usually help you with financing.

If you are ready to start your trucking career, the first step is to get your own semi-truck. A used truck will save you a lot in the short term and long run. If you would like more information, contact a dealership like Arrow Truck Sales