Buying a new truck can be an expensive proposition. Besides, even if you figure out a way to pay for the base model, you might not get any of the additional features you wanted. But buying your next truck used is a great way to save money, get all the features you want, and keep within your budget.
Here are five reasons you should consider buying a used truck instead of a new one this year.
Attractive Price Tags
The most significant upside of buying a pre-owned truck is affordability. Besides the savings you get on the initial purchase, interest rates on your loan and insurance plans are much cheaper on used vehicles. There’s plenty of accessories and additions you can add on with the money you save to make your ride that much more fun.
Reliability
Trucks are made to handle the stress and strain of everyday commuting. Built to last, you can be sure they can handle heavy-duty towing, extreme off-roading terrain, and intense labor with ease. This also makes them far more durable than the average car. If you’re still curious, read reviews of different truck models and trims from previous owners to see if this is a smart investment for you.
Lifetime Warranty
Some dealers offer a lifetime warranty on used trucks that are under ten years old and have less than 125,000 miles. This warranty usually extends the manufacturer’s powertrain warranty for as long as you own the vehicle and includes 100% parts and labor.
Lower Depreciation
When it comes to buying a pre-owned truck, you don’t face the severe depreciation you usually do as soon as you drive off the lot with a brand new truck. Purchasing a previously owned truck that has already taken the biggest depreciation hit will see you lose much less value in that first year.
The Better Deal
Not only will you save money by buying used, but you will also be able to afford those additional features and packages you couldn’t afford in a new car. With a large inventory of older trucks to sell, finding one that meets all your expectations and stays within your price range is easier than you think.