March 15, 2022
Four Things to Consider When Buying a Used Truck in a Hot Market
Edward Lindsay, PacLease Used Equipment Wholesale Manager
These are new and strange times that have led us to where we are now. With the onset of the pandemic, followed by the challenges of microchips and parts for vehicles, a large pent-up demand for trucks was inevitable. A scramble to find alternatives to keep business moving is underway… quickly turning used trucks into an even hotter commodity.
So, what do you do when you need a used truck?
Here are four things to consider as you go hunting for the right used truck.
Know what you are looking for in a truck. Know the maximum miles that are acceptable. Are you looking for Day Cab, Sleeper, or a Straight truck? Be open to what is available. Know what you are willing to accept, and what is a deal breaker.
Know Your Range
Know what you are willing to spend on a used truck. The prices of used trucks continue to climb. Knowing what you are willing to spend on a used truck will help in the decision process, it allows you to decide now and not require time to think. There is no time!
Be Ready to Say Yes
When you find the right truck, or close enough, at the right price and the right miles, be ready to move. Don’t wait, don’t ask for a day to decide. Remember that the pent-up demand for used trucks has increased the number of buyers, but the supply remains limited. You run the risk that the truck may be gone before you have the chance to call back.
Keep in Touch
Stay in contact with your salesperson. Let them know what you are looking for in your next truck. If you work mostly with Med-Duty units, be sure the salesperson knows. Ask to be put on their list so you are informed when new inventory arrives. Check-in from time to time.
Are there used trucks out there for sale? Yes, there are. However, you need to be ready to move. The process has changed over the last few months and will probably continue for the near future. But, if you follow those four steps, you will increase your odds of finding the right used truck.
To learn more about PacLease Used Trucks visit https://paclease.com/our-trucks/used-equipment/.
Get in touch with a PacLease Used Truck Expert and let them know what type of Used Truck you are looking for by emailing PacLease.UsedTrucks@PACCAR.com.