A few years back, it occurred to me that we had to do something about our vehicle. It was old, outdated, and incredibly unreliable. We were never sure if it would live longer than our next road trip, so we started doing what we could to make some changes. We went through, decided to replace some of the parts, and then focused on avoiding problems during our daily drives. Within a few weeks, the vehicle was running better, and we knew that we had protected the engine. This website is all about choosing the right car and knowing how to streamline problems.
If you are an owner-operator, you might have looked into leasing deals so that you can acquire a semi-truck to drive. However. even though leasing does have its benefits for some truck drivers, buying a used Freightliner truck might be a better option. These are three signs that you should consider buying a used semi-truck instead of getting into a leasing contract.
1. You Want to Avoid Restrictions
First of all, you should know that some leases for semi-trucks, just like with car leases, have restrictions. For example, there could be a mileage restriction related to your lease. As you might already know, for a truck driver who is trying to get as many miles in as possible to make a living, this type of restriction can be a bad thing. If you buy a used truck, you do not have to worry about restrictions. Then, you can focus on picking up as many trucking jobs as possible without having to worry about being penalized for it at the end of a lease term.
2. You Don't Have Good Credit
If you don't have good credit, you might find that buying a new truck or getting involved in a lease will be difficult. However, you may still be able to buy a used truck. For example, some individuals and dealers offer their own financing for those who want to purchase trucks. Additionally, many used dealerships work with a lot of lenders, so your dealer might be able to help you secure some type of financing, although you may have to pay a higher interest rate if you have bad credit and work with a sub-prime lender.
3. You're Planning on Being a Truck Driver for a While
If you are planning on being a truck driver for a while, you may not want to get into a lease. Then, after just a few years, you'll have to worry about getting into another lease or buying a truck. If you go ahead and buy a nice used truck now and take good care of it, however, you may be able to drive it for years to come.
Of course, leasing is something that you can look into. However, you may want to compare the benefits of buying a used truck instead. If you visit a used truck dealer, then you can find out more about your options. Then, you might just find that buying a truck is going to be the better option.