The Perks of Opting for a Used Truck

February 24th, 2022 by

If you’re reading this article, chances are that you’re about to buy a new truck. Now, purchasing a vehicle for the first time is always a laborious process, but it does start with a simple question. Which one will you be buying?

You might want to go for a newer model since that’s the best way to ensure reliability, isn’t it?

Well, not exactly.

Contrary to popular belief, used vehicles are as reliable as their most recent counterparts. Not to mention, significantly cheaper. That applies to every kind of used vehicle, from regular cars to full-size trucks.

Here’s a list of reasons why you should consider used trucks on top of newer ones. In no time, you will be convinced that a used truck might be the right call for you.

Trucks Put “Ability” Into “Durability”

There’s this phrase that gets thrown around a lot, you probably heard it already. The phrase “it’s built like a truck”. Well, it does exist for a reason.

Most (if not all) trucks are built with durability in mind. As long as you pick a decent one, you can rest assured knowing that it will take up to tens of thousands of miles per year. Likewise, a quality chassis can last up to 30 years.

Let’s assume that you buy a used truck. For this scenario, let’s say that it’s only a decade old and has seen average use. Would this represent significant wear on the vehicle? It’s probably a lot less than you imagine!

Best case scenario, it will handle as fine as it did when it first drove out of the lot.

Used Trucks Give More Freedom to Upgrade

In the literal sense, there’s not that big a difference between a new truck’s versatility and that of a used one. But think about it for a second. Trucks come with lots of extra features and equipment. This way, they can fit a wide variety of uses.

On one hand, there’s the matter of the equipment that’s offered when first sold. Usually, that would represent an additional fee that could scale the final price up to an extra 50%.

However, when buying a used truck that already has this equipment installed, those features are being factored into the selling price from the get-go. Not to mention, they might have lost some of their value already, meaning that you would get them for a more reasonable price.

On the other hand, let’s assume that the used truck you’ve set your eyes into doesn’t have any extra features. It’s just the base model. Well, you should remember that buying it would mean lots of saved money.

In that scenario, you could re-invest that same money into buying any features you want. This time, by your own hand. In both cases, you would get a lot more out of your money than if you had bought a new truck.

Used Trucks Provide All Kinds of Protection, Even Financial Protection

New trucks are expensive, there’s no way to go around it. But here’s the thing, financially speaking, that’s not the part you should be focusing on.

Instead, you should focus on the fact that a new vehicle starts losing value as soon as it leaves the lot. For a new truck, it is said that it loses up to 10% of its value when this happens. Fast-forward five years, and it might have lost up to 55%.

If you play your cards wrong, you might be left owing more money than the car’s worth, assuming that you’re financing.

In contrast, a used truck’s depreciation plays out more discreetly. After crossing the five-year threshold, any further depreciation would come at smaller rates. For instance, the next five years would only see about 10% depreciation.

By buying a used truck, not only would you be paying something more akin to its current value, but you could also gain way more money if you ever chose to resell it.

You might recover an amount that’s comparable to the one at which you bought it in the first place.

Haven’t Found Your Ideal Used Truck Yet? Try Visiting House of Cars!

By now, you’re probably convinced of the perks of buying a used truck. You might even be interested in purchasing one.

If you’re looking for used trucks for sale and live in the Lethbridge area, you should try visiting House of Cars Lethbridge!

At House of Cars, we believe that all drivers have a vehicle meant for them. Likewise, we believe that all drivers should be driving out of the lot without that voice in their heads pressuring them about their finances.

For those reasons, we have worked tirelessly to build upon the most complete catalog of the best used trucks for sale and financial deals to match. If there’s somewhere you can find what you’re looking for, it is in House of Cars Lethbridge.

Visit our website today to learn more!

Posted in Used Trucks