How Purchasing Used Trucks For Your Commercial Fleet Can Enhance Financial Flexibility

As a business owner, there are many tasks and responsibilities that you must manage to ensure that the business's finances are maintained. This responsibility is especially critical if your business relies heavily on the use of commercial vehicles, such as semi-trailer trucks. If managed poorly, such companies can easily trap themselves with financial responsibilities that limit their financial flexibility. Fortunately, there are many decisions that businesses can make to reduce these expenses and improve their financial flexibility. Purchasing used fleet trucks is one such option. These trucks have numerous financial advantages that can enable businesses to access and maintain financial capabilities that they otherwise wouldn't have. If you're interested in taking advantage of used fleet trucks, read on below to learn more about how purchasing used trucks for your commercial fleet can enhance financial flexibility.

Less Upfront Cost

A significant disadvantage of purchasing a brand new truck for your commercial fleet is the exorbitant upfront costs. A new truck can be very expensive. Purchasing such a truck outright has a severe negative impact on a company's purchasing power, preventing the company from enhancing the business elsewhere. Financing a new truck saddles a business with a limiting financial burden in the form of monthly vehicle payments. Fortunately, used fleet trucks are significantly less expensive than a brand new truck, costing businesses only a fraction of the price of many brand new models. These reduced costs free businesses up to take the money that would have otherwise been wasted on an exorbitantly priced vehicle and redirect the money towards other areas of the business while maintaining higher purchasing power should the need for spending arise. This advantage enables businesses to stay flexible and ready for a sudden change in needs.

Lower Depreciation Rate

Another disadvantage of purchasing a new truck for your commercial fleet is that its value will rapidly depreciate. The moment your new truck is driven off of the lot, it instantly loses about 20% of its value. If your new truck costs over $100,000, this depreciation ensures that your company takes a sudden and expensive loss of around $20,000 per vehicle. When considering your entire fleet, this can easily become a loss of hundreds of thousands of dollars. Fortunately, used fleet trucks have a lower rate of depreciation. This advantage means that if a company needs to sell fleet vehicles, they can recuperate most of the purchasing costs and reinvest those funds elsewhere, maximizing the business's financial flexibility.

Responsibly managing your company's finances can be a difficult task. Fortunately, purchasing used fleet trucks is a responsible way to maintain your company's spending power and maximize the company's financial flexibility.

For more information, contact a used truck seller in your area, such as Arrow Truck Sales.