As an equipment lender, we are constantly in contact with customers looking to buy trucks, many of whom express fears and doubts about such a purchase. We find this to be completely understandable and a natural occurrence. As veterans in our industry we know truck buying should not be as burdensome as it initially appears. Our goal is to assist you in achieving your desired growth and help you build your business. Here are our top 5 tips for buying a truck:
1. Have a mechanic inspect the vehicle.
It may be an inconvenience and an extra charge, but there are often details unknown to dealers about their trucks. Having a mechanic inspect the truck for you can not only assure your purchase for what you intended it to be, but also potentially save you thousands of dollars in repair costs down the road.
2. Performance over looks
You may become distracted by a truck’s appearance when shopping rather than how the truck performs. The bottom line is trucks are used to execute jobs, not just to look at. You want to purchase a truck that helps you do your job to the best of your abilities and earn an income.
3. Use the market to your advantage
There are lots of dealers out there looking to sell you trucks. Many of those dealers sell comparable inventory, but at different prices and mileages. When you decide what kind of truck you want, view multiple dealers who have it because chances are you’ll always be able to find a better deal if you keep looking.
4. Be as compliant as you can be with dealers and lenders
When applying for financing for a truck you’re asked many questions about information you hold valuable. The more compliant you are with your dealer and lenders requests, the easier it is for them to help find the truck you need as well as the financing for it too. Many lenders, including Pelagic Capital Corp, will bend over backwards to help you find the most suitable financing available for you.
5. Don’t be discouraged by your credit score
Just because you don’t have a high credit score does not mean that you won’t be able to receive financing on your truck purchase. Lenders take much more into account then just credit score such as: years of experience, hauling references, employer, and home-owning.