Buying a used heavy duty truck can be challenging. Where do you start? What should you look out for? Is it possible to buy a used commercial vehicle with no money down? There are many factors to consider as you begin your search, but with the averge price of a used Class 8 tractor ranging from $25,000 to $95,000, it’s important to research and learn as much as you can before you begin the process.
Where to Begin Your Search for the Perfect Used-Semi Truck:
Medium and Heavy Duty Tractors and Trailers come in all shapes and sizes – and what suits one application may not work for another. So, before your search even begins, the most important thing to determine is the type of work you plan to be using your truck for. Answering this will lay the foundation on which your search will be based. It’ll help streamline the process and significantly narrow the number of decisions you’ll need to make. Most importantly, it will help you choose the right truck for the type of work you’ll be doing.
For example if you know you will be using your truck for light, short-haul purposes, you can focus your search on single axle tractors, thus eliminating tandem axles from your search. You can further narrow things down because, given the fact you will not be doing long hauls, you’ll be able to take sleeper cabs out of your search. The more options you can eliminate up front, the easier the process and the faster, and more effective, your search will be.
Other major components to look at and spec according to your intended use include:
- Axle Capacities
Once you’ve determined the specs for the main components, it’s time to look at the smaller details. Be sure to inspect or ask the seller for the following:
- Recent DOT inspection
- Maintenance and repair records
- Tire tread depth
- The mileage and the overall condition of the engine. Will it need a rehaul soon?
- Brake pads and linings
- The condition of the driver’s seat. Is it comfortable? Does it adjust to fit you nicely?
Other things to consider:
Financing Your Used Semi Truck
Flexible financing and options such as buying with no money down can help you build your fleet affordably. For the convenience of a one-stop-shop, look for a seller that can also offer financing. Ryder Used Vehicle Sales, a division of Ryder System, Inc., works with several lending partners to offer buyers a variety of financing packages – such as “Drive Now, Pay Later” – a no money down, no payment for 100 days option.
Is a Warranty important to you? What type will best suit your needs?
Unless you are buying a used truck as a fixer-upper or for parts only, consider purchasing a warranty or protection plan to protect your investment. You may be able to include the cost of the warranty in your financing package. View Ryder’s extended warranty coverage options for used trucks, semis and trailers.
ABOUT RYDER FLEET PRODUCTS:
Ryder Fleet products is a subsidiary of Ryder System, Inc. – a Fortune 500 commercial fleet management, dedicated transportation and supply chain solutions company.