Do you need a truck for your business? Maybe the old one has seen its better day and you are tired of spending a great deal of money on maintenance each month. You could check out all the new trucks available but they might be just a bit beyond your budget. On the other hand, there are a lot of used commercial trucks for sale in Texas and many of these vehicles still have a lot of life left in them. So what should you do? Here are three basic options you have and some good and not so good things about each one.
This is the easiest and most cost effective option. You can deduct the entire purchase price on your business taxes and you may enjoy lower insurance rates. However, unless you have substantial cash reserves, this is out of the question. Yet, you may have another option besides buying a new truck.
If you are looking to add a truck to your fleet or you are small business in Texas with very few trucks, used commercial trucks for sale may be a very good option to consider. You can enjoy the same tax benefits when you pay cash you for a previously owned vehicle and because it is not new, you may have enough resources to make the purchase.
Anytime you pay cash for your commercial vehicles you stand to save a lot of money. Plus, there is no need to worry about depreciation loss which comes from buying new vehicles. And there are no truck payments cutting into your operating costs each month.
Financing Your Purchase
Financing a new truck purchase can be a good idea. You can get a top of the line vehicle without the need for a huge down payment. However, you will need good credit and new trucks can be expensive.
When you check out used commercial trucks for sale in Texas, you can sometimes receive excellent financing programs from the dealership. This makes the process simple and easy. You’ll pay much less than new and enjoy lower monthly payments.
Commercial Truck Leasing
Leasing is a viable option if you have problems with credit. In addition, some dealerships offer special leasing programs which take care of all your maintenance and service needs. Talk to someone from your Texas dealership today to learn about all the options you have. They have both new and used commercial trucks for sale and it may not cost as much as you think.