When it comes right down to it, whether you buy new or a used truck usually boils down to how much money you want to spend. However, there are other factors to take into account. We have listed a few of them for you to consider.

The advantages of buying a new truck:

• You can order the specifications you want and receive the exact options desired.
• You receive full factory warranties and can purchase extended warranties if preferred.
• Maintenance costs are, by and large, minor.
• Reliability is usually ensured.
• Downtime, as a rule, is minimal.

The disadvantages of buy a new truck:

• The purchase cost of a new truck is high.
• First year depreciation of the vehicle can be very high.
• New trucks typically have to be ordered and the delivery time can be lengthy.
• Replacement parts, if needed, are expensive.
• Mechanics can lack knowledge of newer electronic technology.
• Higher insurance costs.

The advantages of buying a used truck:

• The purchase cost of a used truck is ordinarily much lower.
• Used trucks are readily available and the selection is ample.
• Many mechanics are more familiar with older trucks than the newer technology.
• Older technology can sometimes be easier to diagnose and cheaper to repair.
• Replacement parts are more accessible and less expensive.
• If you are exporting the truck, the import duties can be much lower.

The disadvantages of buying a used truck:

• Usually, used trucks are sold without warranty.
• Used trucks generally have higher maintenance costs.
• Used trucks are more prone to breakdowns.
• If you are an exporter, import restrictions may not allow used trucks in the country.