Having a truck can be great- it gives you the ability to haul things, they are fun to drive, and if you are adventurous you can take your truck off-road. Whether your current truck is on its last legs, or you are interested in becoming a truck owner for the first time, you may be on the fence about whether to purchase a new truck or a used truck. There are pros and cons to each, but if you are in the market for a truck, buying used may be your best bet. There are many advantages to buying a used truck, such as:
Lower Overall Cost
Obviously, a used truck is going to be less expensive than a new truck. If a brand new truck in the make and model that you are interested in is out of your budget, you can most likely afford the same truck if it is a few years old. Most truck models don't change dramatically each year, so there is a good chance that you can find a quality used truck that has all of the features that you are looking for and is also in your price range.
The new truck smell is nice, but buying a truck new comes at a big cost. New cars and trucks start depreciating in value as soon as they are driven off the lot, so a new car or truck that was only purchased a week ago isn't worth what it was bought for. It will depend on the make and model, but it is estimated that a new vehicle depreciates in value by 19% in the first year, and after the second year of ownership it is only worth approximately 69% of the original purchase price. When you buy a used truck that is a couple of years old, you can avoid the steep depreciation and know that you're buying a dependable truck that is a good value.
The Ability to Afford More Options
A new truck versus a used truck may come down the choice of buying a bare bones model compared to a fully loaded truck with all of the bells and whistles. If you are seeking a number of optional features that can be very expensive in a brand new truck, there is a good chance that you can find a great used truck that has what you want. If you have reservations about buying used, look for a truck dealer that offers certified used trucks- every certified used truck is carefully examined and tested to ensure that it is in good running condition, and many certified used trucks come with a warranty.
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