5 Reasons Why Buying A Used Truck Is A Better Investment Than Buying A New Truck

5 Reasons Why Buying A Used Truck Is A Better Investment Than Buying A New Truck

Buying a brand new truck is exciting, especially when it comes to your DREAM truck. Mesmerised over the shininess, gruntyness, and newness of a brand new truck? And all those extra features and gadgets that make work and leisure so much better! Until you have a look at the price tag; costs add up quickly. Not to worry, you can buy the brand new entry-level truck without the features. The features can wait.. However, then you are then driving off with a lot less than you were hoping for. Buyers’ regret begins to sink in.. ‘Why would I have buyers regret after purchasing my dream, brand new truck’? Well, that brand new truck you just bought without the additional features and packages you wanted, just depreciated in value as soon as the tires hit the road. So not only did you spend your entire budget and compromise on those additional extras you have always needed and dreamed of, but your truck will now never be worth the value of what you paid for it initially. Does it really seem worth it? 

Let us share 5 reasons why buying a used truck is a much better investment than buying a new truck. 

1. More Cost-Effective / Better Prices

Let’s not beat around the bush.. Trucks are expensive. However, not a pre-owned truck thank you for the depreciation. Many brand new trucks have a starting price of around $50,000 not including features or extra gadgets. A huge benefit of buying a pre-owned truck is the ability to find a price tag that meets your budget; without having to compromise the additional extras. You can get a used truck that is only a few years old for thousands of dollars cheaper. On top of saving money on the initial purchase means insurance rates will be cheaper on a previously owned truck too.

2. More Durability and Reliability.

While we can sense your worry from here about buying a second-hand truck, let’s put that worry to rest. Trucks are made to handle heavy loads, earth moving, and transporting large amounts of materials; they don’t get their name of being heavy-duty trucks for nothing.  If you worry about the wear and tear when buying a used truck there is an abundance of online tools to support your decision with a clear mind; the key one being Carfax. This online site can show an abundance of information on your soon-to-be truck such as a vehicle’s repair history, maintenance, and all the rest to ensure you are making a smart, well-thought-out investment. This site also offers the chance to read reviews of different truck models and trims from previous owners to see the pros and con’s from a more personal view, allowing you to find the perfect truck for you. 

3. 3-Month Warranty Guaranteed

Buying a truck is an investment and we want to help you protect that investment. Here at Eastern Trucks, we offer a 3 months warranty on any truck you purchase.

With this in mind, knowing you are buying an already reliable truck and having this added protection, you will be able to ride the roads with peace of mind. 

4. More Features and Packages

As mentioned earlier on, not only will you be saving money by purchasing a used truck, you will now be able to afford those additional features you have dreamed of! While we know extra features are expensive and can increase depending on the type of truck you are looking to purchase; buying used you will be able to get the features you want at a cheaper or similar price to a new entry model truck that comes as is.

Let’s be realistic, do you want a shiny brand new truck with no added features and one that depreciates in value fast? Or a second-hand truck that you can have all your extra added features along with far less depreciation? The answer is clear to us.

5. Far Less Depreciation

You will be making a smarter investment purchasing a used truck, why? Because it’s not only about saving money on those initial costs and features when it comes to buying a used truck. While depreciation happens regardless if it is an old or new truck; buying a brand new truck that depreciation is going to happen a lot faster as opposed to a used truck. It is said that as soon as your tires hit the road on a new truck purchase your vehicle drops immediately and will continue to drop in the first year on average 20% of the brought price. That shiny new truck you brought for $50,000 will lose around $10,000 in its first year. Yes, you heard right, ten thousand dollars. By purchasing a pre-owned truck you will see a much smaller loss in value in the first year.

Remember trucks are made for the terrain and have huge durability. Don’t settle for less when you can have all the extra features you know and love with a pre-owned truck. Make a smart investment today with Eastern Trucks.

An overview of the used trucks for sale in NZ

Commercial Truck Inspection | Eastern Trucks

An overview of the used trucks for sale in NZ

Whether they are imported or NZ new, there are many different types of used trucks available for sale in NZ. In this blog we’ve given an overview of the different types of trucks available and what they are best used for.

Tipper Trucks

Tipper trucks are ideal for carrying loose materials such as dirt, grain, sand, fill, rocks & wood chips. These trucks allow you to carry these loose materials in bulk to work sites and dump them using tipping cylinders.

 Flat Deck Trucks

Flat deck trucks have a flat body with no sides or roof around the back section of the vehicle. These types of trucks are versatile vehicles. Flat deck trucks are typically used for:

  • Transporting abnormal sized cargo 
  • Constructional steel work 
  • Transporting machinery 

Advantages of a flat deck truck:

  • Easy to load long items, for example, timber, beams & poles
  • Lighter than other truck options due to no structure on top of the trailer 
  • Can be unloaded and loaded from on top, for example, by crain
  • Can be quick to load and unload 

Disadvantages of a flat deck truck:

  • Cargo is exposed to weather
  • Items are not locked up
  • Odd shaped items can cause wind resistance

Refrigerated Trucks

These vehicles are quite obviously used to transport perishable goods from one destination to another, however, can also be beneficial for transporting other goods such as chemicals and engineer materials, medicine and vaccines that require a certain temperature to avoid spoilage. 

Advantages of a refrigerated truck:

  • If you are in the transport industry, more opportunities for transporting perishable goods 
  • Easy pick up and delivery 

Disadvantages:

  • Extra vehicle maintenance due to having a refrigerator unit
  • Extra expenses, for example, trailer cleaning
  • Spoiled freight

Tail Lift Truck

Tail lift trucks are great for transporting large items. Having a tail lift on the back of the truck allows for easy transport – there is no need for machinery to assist.

Advantages:

  • No need for a fork lift 
  • Easy delivery and pick up
  • Bridge the height difference between a loading dock and the vehicle

Disadvantages:

  • A broken or damaged tail lift is an expensive repair

Box Trucks

Box trucks have an enclosed cargo area. They are used for moving furniture, carrying merchandise, delivering equipment & many more. These trucks are the most common trucks you will see around and are very versatile. 

Advantages:

  • No need to hook up a trailer
  • Safe storage container
  • Easy to manoeuvre
  • Economical

Disadvantages:

  • Cannot be loaded or unloaded from the top
  • Needs either machinery or people to load and unload from the back

Still not sure what the right truck is for your needs? Contact us and one of our experienced team members will assist you with finding the right truck for your needs.

10 things to check when buying used trucks

10 things to check when buying used trucks

1. Find out why it is being sold

One of the first things to consider when purchasing a used truck from a private seller is to find out why the previous owner is selling the vehicle. Finding out this information will allow you to find out whether the owner is selling the vehicle due to an issue. Eastern Trucks is a registered motor vehicle dealer and all our vehicles are checked and tested to ensure they are of good quality mechanically.

 

2. Check the service records history

If there appear to be no issues with the truck, check the service history or maintenance records of the truck to ensure the truck has been looked after and serviced regularly.

 

 3. Look at the oil change records

Along with the service history checking the oil has had regular changes is important. If the oils has not been changed regularly it could indicate potential engine problems in the future. 

Take caution if there are no records of oil or service history. It is a good idea to ask the dealer if there is any missing paperwork and if they have any additional information on the truck’s history.

 

4. Check the accident history

This is an important one. If the truck has has an accident that has affected more than the body, it is key to find out where the vehicle was damaged and what was done to repair it. Some questions you might like to ask the seller are:

  • Has this vehicle been involved in any crashes or accidents? 
  • If any, how serious were the crashes 
  • What was damaged in the accidents?
  • What was done to repair the damage? 
  • Has the truck had any ongoing issues after the accident(s)?

 

5. Find out if anything needs replacing

If anything needs replacing, find out so that you can allocate a budget to fixing these parts when you get it. If you are purchasing it from a car dealer they will often be able to assist you with the fix or point you in the right direction to get anything that needs fixing at a reasonable price.

 

6. Check the reviews on the engine model

Do your own research online. Read reviews on the model you are looking at to see if there have been any known recurring issues with manufacturing or engine issues. Reading these will give you a better insight to the vehicle you are looking at.

 

7. When visually inspecting the vehicle check body rust

Pay close attention when visually inspecting the vehicle for any rust spots. Areas to look at are door frames, underneath the vehicle and all exterior surfaces on the vehicle.

 

8. Look at the mileage

Looking at how many kilometers a vehicle has travelled can be a great indicator on the quality of the vehicle as it tells you how much it has been used in the past. 

This however does not mean the vehicle is not in great working order. Many makes and models run for a very long time if they are looked after properly.

 

9. Check body damage

Along with rust, scan the exterior of the vehicle to check for any physical damage.

 

10. Look at the current tires

Check the tread on the current tires, if it is wearing thin, be sure to ask how many kilometers have been done since they were last replaced. It is important to know when the tires need replacing and how good the current tires are.

 

Choosing a reputable second hand vehicle seller

Choosing the right place to purchase your new vehicle can be a big decision. At Eastern Trucks we have a wide range of different trucks to choose from. Our friendly customer service team will be sure to help you with the above steps of checking over the vehicle, finance options, and providing you with all the information you need to make an informed decision on purchasing your next vehicle.