When it comes to purchasing a vehicle there is always the choice of new or used. There are of course benefits to both, but obvious price differences to consider as well. While new may have more features or a shinier coat, used may actually end up more cost-efficient or better suited to your needs. Here’s what you need to know before choosing your new ‘used’ truck.
Why Choose Used?
The lure of ‘new and improved’ is strong, but don’t jump the gun just yet. There are plenty of great reasons why ‘used’ may be your best option to consider.
- Let’s start with the obvious. While it is possible to get some types of new vehicles at similar cost to used, there will be a loss in features to give you that price. When buying a used truck you will still get the features you need, at a better price.
- Insurance Cost. You are insuring a lesser ‘replacement’ amount on a used vehicle. Therefore, your premiums will be lower due to the lower cost to replace the vehicle.
- Features: You get more bang for your buck. If you have a set budget, and you’re looking for specific features, or just a practical, solid, proven over time truck, your best bet is to look for a used truck.
- Reviews: Brand new models can often have faults and weaknesses that aren’t identified or changed until they are noticed a few years later. You’ll get a wider range and higher number of reviews to look at if you’re investigating a used model.
A new commercial delivery truck will set you back about $165,000, whereas used you are looking at 30-50k, that is a massive difference in price, and just a few years difference in age. Most features and functions remain the same too with only minor changes over the last 10yrs unless you’re buying an electric truck.
For pick-up trucks the price gap is not as big. New you can get somewhere around 30-60k and for a decent used one it’s close to the 20k mark usually. So not as big of a gap in price, but used is still a great option for both truck types.
Which Used Trucks are Best?
With both pick-up trucks and larger delivery trucks it’s ideal to purchase trucks less than 10yrs old. However for larger commercial use trucks some opt for slightly older, trucks produced between 1997 to 1999 seem to be favourable. If you’re a new or small business and want a good deal on a delivery truck then trucks from 1997-1999 will be a lot cheaper than within 10yrs, around 20k as opposed to 30-50k for less than 10yrs old.
Some companies actually prefer these older models, regardless of the cost because they are still fairly modern looking and have less digital features. This can be good because electronic logging devices, EGR’s and DPF filters have caused a number of engine problems.
Some may be after pick-up trucks for work or personal use, or larger trucks for business use. So we have provided the top 3 for each category. You can find more information on each of the trucks listed here through Carmax, or JapaneseCarTrade for the commercial trucks.
Top 3 Pick-Up Trucks
All Available for under $25k
Dodge Ram 1500 (2014)
The Ram features a choice of 3 cab styles, cruise control, automatic headlights and a six-speaker sound system. It’s an overall all-rounder truck, smooth driving with a solid frame.
Ford F-150 (2013)
This model features limited edition trim options, hill descent control and a selection of engine options. It also has a good sized touch screen for information and entertainment.
Chevrolet Colorado (2016)
The Colorado is a little smaller than the similar and also very popular Silverado. This mid-sized truck boasts easier parking due to it’s size and rearview camera. It also has an impressive 6 speaker sound system, 3 engine options and a touchscreen for infotainment.
Top 3 Logistics Trucks
Mercedes Benz Actros 2653
This truck has great fuel economy, especially in the 13L option. The engine is located in the lower cab which also gives it additional benefits in aerodynamic performance. Mercedes is not the cheapest brand, but easily one of the most popular and common to find for sale.
Mitsubishi Fuso Canter
This medium duty truck has maintained it’s popularity for years now. You can also find a used Eco Hybrid version of this truck, and Mitsubishi is working on a fully electric ‘e Canter’.
Mitsubishi Fuso Fighter
This truck offers possibly the best value for money. The Fuso is durable, has good handling and a good re-sale value when it comes time to upgrade.
If instead of a used truck you are looking to buy new visit TR Group.
In order to get a good insurance policy, at a reasonable price on a used truck you will need to consider age. A generally safe time frame for a truck to be insurable, is within the last 15yrs, ideally the last 10 years for best rates. Trucks older than 15years you will still be able to find an insurance policy, however you will end up paying a higher amount, as your truck is more likely to break down etc. Aside from that you would be risking higher maintenance and running costs with a truck over that age anyway, which most wouldn’t see as wo