Dos and Don’ts of Buying a Truck

Dos and Don’ts of Buying a Truck

Buying a truck is a massive investment. On top of that, people tend to use trucks for several years, if not decades, due to the tough, enduring nature of these vehicles. Therefore, it is imperative to get everything right when purchasing a truck. There is a list of factors to ensure and another list of things to avoid while purchasing a massive people and load carrier. Here are the main dos and don’ts of buying trucks:

Dos
Here are the things one needs to ensure before putting down their hard-earned money on a truck:

  • Check if the dealer provides an extended warranty

    Certain dealerships offer an extended warranty option for buyers. This is a useful alternative as it provides financial cover for repairs beyond the initially offered warranty period. Buyers must research which dealers offer this avenue on their trucks, as it tends to be rare. Also, one downside of an extended warranty is that buying and accommodating a purchase deal can be expensive.

    However, it is an option worth considering just for the ease of ownership and use it brings to a truck purchase deal. Truck owners would not have to worry about paying exorbitant repair fees for many years if they included an extended warranty when buying the vehicle of their dreams.

  • Check towing and hauling capacity
    Towing and hauling capacity are the most critical aspects of purchasing a truck for many buyers. Fleet truck service providers mainly purchase trucks for commercial purposes. Trucks need to deliver massive payloads across large distances. So, in short, the larger a truck’s towing and hauling capacity, the more utility it will have for the individuals or companies purchasing it.

  • Evaluate bed and cabin size

    Apart from commercial use, trucks may also be used to transport many people or family members. This means that cabin size and bed proportions are just as critical as towing capacity for buyers. If a buyer has a large family or a large number of people to seat and transport, they could purchase a large truck. Large trucks are expensive to own and run and consume large amounts of fuel. For all other purposes, mid-sized trucks can be more than adequate.

    In the case of pickup trucks, cabs are available in regular size (with two doors and no back seat), extended size (two or four doors with a small back seat), and crew (four doors with a large back seat). Pickup trucks also have multiple bed sizes, including short (around 5 feet), regular (around 6.5 feet), and long (around 8 feet). The bigger the cabin and bed sizes, the pricier a truck will be.  Buyers need to evaluate their needs and usage requirements before purchasing a truck.

  • Be mindful of your budget and credit score
    This is a particularly overlooked aspect in the case of several truck buyers. Most buyers intend to purchase trucks on installment payments. However, to make the payment schedule smooth, one must know exactly how much they can afford every month. Additionally, buyers must be mindful of how much they can pay upfront for the vehicle. If an individual looking to purchase a truck goes to a dealership without considering or being aware of these two factors, they may land in financial trouble.

    Several vehicle loans or buy-now-pay-later installment options activate when a buyer’s credit score is high. Therefore, someone with a questionable credit history may not only find it difficult to get an attractive financing option while buying a truck, but they may also end up overpaying for the same. This is why picking a budget and relentlessly sticking to it is necessary, as it helps buyers avoid being out of pocket after a truck purchase.

  • Take a test drive
    As is the case with buying any vehicle, taking a test drive is an essential step when purchasing trucks too. A test drive lets buyers know the pros and cons of every vehicle they drive, how spacious and comfortable they are, how accessible the cabin and various controls are, how well the engine works in various performance situations and other key attributes.

    Test drives expose the very best and worst of vehicles for prospective buyers. Therefore, most consultants and purchase advisors advise buyers to test all the vehicles they have shortlisted to buy before drawing a comparison between their pros and cons after a test drive.

Don’ts
Here are the things one should steer clear of while purchasing a truck from a dealership, either online or offline:

  • Visit a dealer without a financing option
    Many dealership executives tend to make buyers believe that their financing options are the best option for them. However, buyers should know that these financing options are designed to make the most money for the dealerships’ finance departments and little else.

    Instead, buyers must consult with their banks or other financial institutions to find better financing options to smooth the purchase process. Visiting a dealership without a financial plan is not advisable, whether for truck purchases or truck equipment financing.

  • Shop at just one dealer
    Different dealerships provide purchase offers for buyers, whether that is warranty-based extensions, other draws, or attractive discounts on their vehicles. One needs to visit multiple dealers and check out truck models from multiple manufacturers to get a wide array of options. By not doing so, one risks missing out on specific irresistible offers and discounts.

  • Prioritize only price
    Price is a major buying factor, but solely prioritizing it can result in buyers purchasing semi-competent trucks with quality and performance issues in the long run. Now, “pricier” does not automatically translate to “better” regarding trucks. Nevertheless, one must take a holistic approach before putting their hard-earned money on a truck.  Other than these, some of the biggest don’ts are overlooking promotional offers and rebates and taking a new truck home until the paperwork is done.