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It’s one of the biggest investments your business will make—purchasing a dump truck. Whether you’re in construction, mining, or waste management, this is an essential piece of equipment for getting the job done quickly.
However, with so many options on the market, it can be hard to know whether to buy a new or used dump truck. There are pros and cons to both, but if you buy used, you want to be sure you don’t end up with a lemon.
To learn more, keep reading to find our guide to buying dump trucks, both new and used.
Buying a New Dump Truck
If you’re thinking of buying a new dump truck, be prepared for hefty prices—a new dump truck can cost around $100,000-150,000.
However, there are plenty of advantages to new trucks. First, you can customize them when ordering, ensuring they meet your exact needs.
Newer trucks also get much better gas mileage than older ones, thanks to improvements in efficiency in recent years.
Keep in mind that an older truck has also seen a lot of wear and tear. In comparison, a new truck is going to be strong, fast, and without any costly mechanical issues that are found in vehicles as they age.
Buying a Used Dump Truck
One of the best reasons to buy used is to save money. For the fraction of the price of a new vehicle, you can buy one secondhand, complete with a warranty.
Many used trucks still have plenty of life left in them, and might only have been sold due to bankruptcy, restructure, or due to the owner upgrading. This means you can often find used trucks with low mileage, only a few years old, which might be just what your company needs.
Tips for Buying Used
If you’re buying used, you might still need to think about dump truck financing, depending on the price of the truck. We recommend getting your financing approved before you start shopping, so that you’re in a position to buy as soon as you find one you like.
When buying used, it’s also key to have a mechanic inspect the truck in advance, ensuring it’s in good order. They’ll want to check the engine, dump box, hydraulics, and axles.
Ideally, the used vehicle should also have a record log of all servicing and repairs made by the previous owners.
Find the Perfect Truck for Your Business
If you’re in the market for a dump truck, use the tips above to decide whether or not a new or used truck is best for your business.
You might find it helpful to do more research online and then visit a local truck dealership, learning more about what type of truck is best for your budget and needs. Soon, you’ll find the perfect truck, giving your business the tools it needs to work effectively.
Did you find this article helpful? If so, please keep reading for more business ideas and advice.
