7 mistakes to avoid when buying a used truck
A pre-owned or used truck can be a great option, as it costs much less than new trucks. However, there are also many risks involved in buying a used truck. This is why one needs to consider several factors, such as the truck’s history and its wear and tear, to make sure that they are not making a wrong decision. Additionally, it is equally important to avoid the following mistakes when buying a used truck:
1. Not being cautious with online sellers
The emergence of online marketplaces has allowed everyone to list and sell things themselves. So, if one wants to buy a used or pre-owned truck, they will find several sellers on such marketplaces. A lot of them might also offer attractive prices for their vehicle. However, regardless of how good the vehicle or its price might seem on the marketplace, buying a used truck online is not the best idea without enough research and caution. For starters, these marketplaces are often breeding grounds for scammers. So, if a deal seems too good to be true, it might just be a potential scam. What could happen is that the moment the “seller” receives the payment, they will disappear.
Alternatively, even if the seller is genuine, online sales may not allow the buyer to inspect the vehicle in person. So, although the truck may look good in pictures, one will not know if the picture is accurate or if the truck has any kind of internal or mechanical damage. So, it is better to buy offline when it comes to making such a significant investment, like buying a pre-owned truck, or at least practice caution while using online marketplaces.
2. Skipping inspection
Whether one is buying a used truck directly from a seller or at a dealership, they must not skip inspection. Before purchasing, it is best to examine the truck thoroughly, both from the outside and the inside. During the examination, one must confirm that there are no undisclosed details or damages. Alternatively, one can bring along a mechanic to conduct a thorough examination of the truck. The mechanic can easily find minor and major issues in the functioning of the truck to help one make an informed purchase decision.
3. Not taking a test drive
Irrespective of how good a used truck may seem in person, one should not skip the test drive. Even if the truck may have no signs of damage during the inspection, by taking a test drive, the buyer can know if it is indeed easy to handle. For instance, some drivers may be accustomed to driving a mid-size truck. So, if they plan on buying a used full-size truck, a test drive will help them understand if they can handle it with ease.
4. Failing to check the vehicle history
Another thing to consider before purchasing a used truck, or any used vehicle for that matter, is its history report. The vehicle history report mentions all the issues that the vehicle might have had in the past, like an accident or repairs. The report could also have contact details of all the previous owners of the vehicle. So, failing to acquire a complete report could lead to unwanted surprises in the future, like mechanical issues or poor performance. So, checking the history is a crucial step while buying a used truck.
5. Underestimating ownership costs
Before purchasing a used truck, one must understand that the truck would have already undergone some wear and tear. So, it might need more maintenance than a brand-new truck. Alternatively, it might need some repairs or fixes, like repainting or replacement of old parts initially. Further, in addition to the upfront cost of the truck, ownership costs include insurance premiums, maintenance costs, and fuel expenses. One should consider all the costs to see if they can afford a used truck.
6. Not negotiating the price
Whether one is buying a used truck from a dealer or a previous owner, one must not skip price negotiation. More often than not, sellers will leave room for negotiation. To negotiate better, one can research the market prices of that vehicle. Then, one can bring up the overall condition, need for repairs, mileage, and years of use to bring down the quoted price. If one is uncomfortable negotiating prices, it is better to take a friend or a family member along to help discuss the price with the seller. But, one should not miss out on this opportunity to save money on the truck.
7. Getting the size wrong
When buying a truck, one must ensure that they are choosing the right size to meet all their needs. One may need a mid-sized, full-sized, compact, or heavy-duty truck based on the towing requirements and cargo space they need. It is important to assess the main purpose of buying a truck. For instance, if one needs a full-size truck, it is not a good idea to settle for a mid-size variant just because it is available at a lower price. Such a compromise at the time of purchase could give way to buyer’s remorse later.