Those who enjoy their life as an over-the-road (OTR) trucker like the sense of freedom they get from driving long distances. Yet many end up leaving the industry they love to spend more time at home with family and friends. Instead of leaving the trucking industry, OTR drivers may want to explore ways to shrink their delivery area so that they can still drive while also spending more time with their family at home.
OTR truckers who would like to start a local trucking company but feel they might not be able to financially afford to do so may find that opting for reliable used trucks can help them achieve their business goals.
Buying a used truck helps with managing start-up costs
The first reason to buy an inexpensive used truck, instead of leasing or attempting to purchase a new one, is to keep the initial start-up costs as low as possible. Launching a new local trucking company is costly, due to the cost of obtaining necessary documentation, permits, and licenses. Saving money on the initial cost of the truck, trailers, and other equipment by purchasing used helps to free up money to cover the necessary start-up costs.
Buying used helps with ongoing insurance costs
Another reason to buy high quality used commercial trucks to launch your local trucking company is to help contain the rising costs of insurance. Similar to personal vehicle insurance premiums, big rig insurance premiums are much more costly for new or high-end models. Older, more generic vehicles that are still found to be safe for commercial trucking use will be much less expensive to insure, helping to keep the ongoing insurance rates for your new business within a more affordable range.
Buying used offers more options for business growth
One of the most important reasons to consider starting your new local trucking company with used trucks, instead of new ones, is to give you more options for faster business growth. Since the purchase of a good used truck can cost only a fraction of the price for a new one, business owners can often afford to add additional trucks and drivers at a much faster rate than they might if saddled with the higher cost of a new truck.
OTR drivers who are thinking about launching their own local trucking business should begin the process by discussing their plans with a reputable used commercial truck dealer. Taking this step will help provide a clear understanding of the cost differences between new and used trucks and how that difference can help them achieve their goals.
For more information on used commercial trucks, talk to a dealership today.