Common Mistakes To Avoid When Buying A Truck

Author: MANJEET SINGH DEWAN | | Categories: Day Cab Trucks , Sleeper Trucks , Truck Financing , Truck Leasing , Truck Loans

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Purchasing a truck for your business is an exciting prospect and also a significant financial investment. Whether you’re looking for a large hauler or a small start-up, there are a lot of factors to consider when making your purchase. However, choosing the best truck for your specific needs can be difficult with hundreds of truck models on the market.

Unfortunately, if you’re someone who has never bought a vehicle before, you’ll be more likely to lose out on a bad purchase. Thankfully, the experts at Diamond Truck Sales want to make you aware of some mistakes to avoid so that you come out on top.

To help you get the best truck, they have compiled a list of common mistakes to avoid when buying a truck. Keep reading to discover the top mistakes to steer clear of in the buying process.

1. Skipping the test drive
The internet may be an excellent place to do some research, but whatever you do, don’t buy a truck only based on online reviews and photographs. After all, the only way to figure out if a vehicle is the best one for you is to get behind the wheel and test it yourself. Whether buying from a dealership or a private sale, you must ask for a test drive before you hand over your hard-earned money. Test drives may last an hour or so. Still, you can learn a lot about a truck in that time, particularly if you put it through its paces, driving it out of different road surfaces and different traffic states to see how it copes with rough patches and traffic jams alike.

2. Focusing only on the monthly payment when negotiating
The first question that the salesperson asks you is, “How much are you willing to pay each month?” Don’t take the bait. Salespeople like to focus on a monthly payment amount while negotiating a deal. Using the monthly payment as the center, the seller can lump the new vehicle price, trade-in value, and financing or leasing terms together, giving them too much scope to provide you with a “great price” in one area while making up for it in another. Instead, insist on negotiating one thing at a time. Decide on the vehicle’s price first, then review a trade-in, financing, or leasing separately, as necessary.

3. Not knowing the real cost per mile
It’s essential to understand what your cost per mile is to decide if you are profitable. For instance, diesel engine trucks are more fuel-efficient than petrol trucks, so it’s most useful if you eye diesel vehicles for cost-effectiveness. It’s a good idea to understand your cost per mile each month so you can make an effort to control your variable costs or increase the number of miles you drive. Before calculating your cost per mile, always remember to keep tabs on your monthly expenses diligently.

4. Not paying close enough attention to compliance
Automotive compliance is a technical term for any rules and regulations that your dealership is subject to in your state. It covers laws in selling, buying, financing, insuring, and even things like customer communication and how to format your emails. Staying up-to-date on compliance requires you to evaluate vehicles, drivers, and operational practices constantly. Conducting regular inspections on vehicles to comply with regulations guarantees the vehicles are correctly maintained, running as expected (and needed), and functioning safety devices. 

A commercial truck can make your work more independent when it comes to transporting goods, which can help you save more and grow your operations in the long run. But before you start looking for a truck, make sure you consider all these factors and analyze them thoroughly to help you make the best decision.

To avoid these and other mistakes, reach out to the experts at Diamond Truck Sales. We have been selling used trucks and trailers over North America for the past many years now. We offer a wide range of high-quality vehicles of various makes and models at affordable rates.  

Serving clients across Brampton, Mississauga, Newmarket, Caledon, Bolton, Vaughan, Oshawa, Pickering, Ajax, Toronto, Milton, Oakville, Burlington, Cambridge, Kitchener, Guelph, London, Greater Toronto Area (GTA), and the surrounding areas.

For a complete list of our business services, please click here. If you have any questions about the trucking industry, we’d love to hear from you. Please contact us here.



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