Top 3 Benefits of buying Used Cargo Trailers and Trucks
Whether you want to grow your existing fleet or create a new one, you will most probably face the dilemma of purchasing a new versus a used truck or trailer. As complexity of modern transport and logistics grows and sustainability concerns arise, it gets even more difficult to understand what should be the short versus long term focus and what to invest in; new or used assets! Although it’s hard to generalize, there are several key features to consider when trying to decide whether purchasing a used truck or trailer might be the best investment for you.
1. Financial benefits
The first and most obvious advantage you will enjoy by opting for a used truck or trailer, is the chance to get a better deal. A used model can be substantially less expensive and suit perfectly to your budget even in this period of high demand. Moreover, a second-hand truck or trailer has already taken the worst depreciation impact, resulting in less depreciation and an overall wiser investment for you. In fact, the value of a new vehicle diminishes the moment you drive it off the lot, and it continues to depreciate by an average of 20% per year for the first years (source: Depreciation rates).
2. Flexibility and adaptability
Even if you can afford an entry-level model of a truck or trailer, what about all the other features you are missing? Since the transportation industry continuously changes, you may want to invest your money in the right choices and upgrade your fleet with the latest requirements. According to a study held by PWC at 2017, 57% of the companies surveyed expected that digitalization would increase their revenues (PwC Global Digital IQ Survey 2017). Recently, a survey conducted by McKinsey & Company found that due to Covid-19 the adoption of digital technologies was speeded by several years (How COVID-19 has pushed companies over the technology tipping point—and transformed business forever). After all, you should consider staying flexible and ready to adopt any upcoming requirements.
3. Best price-quality-quantity ratio
When it comes to a new investment, you want to ensure you will opt for the best overall price-quality-quantity ratio. For instance, extra cargo carrying capacity can be attained by opting for (more than one) used assets. Potential upgrades that have been made from the previous owners can be, also, beneficial for you since these are costs that would be added later to your budget. Trucks are designed to handle everyday commutes, heavy-duty hauling, challenging off-roading terrain, and rigorous labour. Due to required routine maintenance such as oil changes, tyre rotation, and brake repairs, it is feasible and realistic to acquire a used trailer with great performance.
When buying a used truck or trailer, there are a lot of things to look out for. However, it comes down to your personal choice and peace of mind to ensure that you are getting a good deal regardless of whether it is new or used. Evaluating your unique situation at the time of purchase, reading reviews from previous customers and asking for professional assistance will help you get the best possible deal.
Always have in mind that buying a used truck or trailer might save you a lot of money, especially if you buy it from a trustworthy dealer who can assure you that you're getting a higher-quality alternative. In any case, by installing telematics you can always track your vehicle’s performance, be sure that you get the best optimal performance and guarantee safety for the freight and the driver.
TIP Used
TIP Used, part of the leading equipment service provider, TIP, is one of the largest suppliers for premium quality second-hand trucks and trailers in the commercial vehicle sector. Headquartered in Amsterdam, TIP operates in 119 workshops around Europe and offers a comprehensive range of used vehicles from its own and third-party fleets via TIP Used. With more than 50 years of experience, TIP Used is one of the most trusted and respected names in the industry of used equipment, offering a variety of brands like Krone, Schmitz, SDC, Volvo, MAN and DAF. Accurate details and specifications of all the equipment can be provided through tip-used.com while the regional sales managers can be reached for additional information and support.
Visit tip-used.com to learn more about the available used trucks and trailers or contact directly one of our sales managers to discuss your specific requirements and budget. Don’t forget to follow us on our social media so as not to miss out any special deals and new arrivals!
