Getting a reputable semi truck funding company behind you is only the beginning of your enterprise. There are a lot of points to consider when purchasing a truck and starting your owner-operator business. Do you buy a brand new truck or a used one? This is a major decision that will have a tremendous impact on your career and your future. At Go Capital we say that the most important thing is that your new semi-truck fits your business needs. We offer semi-truck funding even if your credit score is bad and with us by your side, buying a new truck will be easy. Here’s what you need to know if you are deciding on which option to go for:
What to Consider?
Think about what you are going to be using the truck for. Consider the price of a used truck versus that of a new one, the size and weight of your loads, any limits either truck has, weight and height of the vehicle, types of terrain you are going to be traveling across like sand, dirt or whether you’ll stick to the highways. Features like gearing option and power largely depend on how the truck is going to be used, so make sure you know the inner workings of the vehicle before you choose the right one for you.
You have to figure whether you are going to be purchasing the truck up-front or through a seasoned semi-truck financing provider. Work with your financing agent to find out how will it be structured, how much are the ongoing repayments going to cost and if you can afford them at all. For any financial uncertainties, consult with your accountant. Know that your choice will have a long-term economic impact.
Why Choose a New Truck?
While a new truck may initially seem like a more expensive option, it might turn out to be the more affordable one in the long run. Buying a used truck bears a lot of risks and sometimes buying the cheapest used truck may turn out to be more expensive than going for the least expensive new truck. Think about all the costs required to service a used truck, as well as the ongoing maintenance costs as the truck ages.
One of the main advantages of purchasing a new truck is that it comes equipped with the latest in technological advancements. New trucks surpass the old ones in terms of fuel efficiency, less dangerous emissions, and have an abundance of useful gadgets. They are easier to drive and require less maintenance, which means less money spent on maintenance costs. Your truck will be spending more time on the road and less at the mechanic’s.
However, these are not the only benefits of choosing a new truck. A new truck will leave a positive impression on your potential customers. You will come off as a successful owner-operator which will have a positive impact on your business.
Best Semi Truck Financing Advice
All of this information might prove useful when you finally pay your truck dealer a visit. Be sure to pick the truck that will suit your business but also leave a positive impression on your clients. Depending on whether you purchase a used or a new truck, your truck financing options might change. If you are uncertain how your choice will affect the truck funding options, contact Go Capital for any inquiries. We serve all states and individuals with bad credit rating.