The cost of a used box truck in the United States varies massively, and numerous factors will play a role in determining the total price you have to pay for a truck. Indeed acquiring a used commercial box truck can be a viable and smart economic move for your business. However, note that having a very good deal on a truck goes far beyond getting it at a great price.
Box trucks are used by numerous businesses in the United States to transport equipment and products. If you’re considering buying a box truck, but feel you don’t have the budget for a new model, there are numerous used box trucks in the market that come at a lower price.
Note that a used commercial box truck offers many years of down-the-line service when kept in good to excellent condition. Many deliver solid performance past the 100,000 to 200,000-mile point for trucks with diesel engines.
Have it in mind that not all used commercial box trucks are alike. Owing to that, you must examine each truck’s condition before you sign any contracts or put money down. Note that the previous owner’s care, wear, and tear will show in both its appearance and certain key maintenance indicators.
Good mileage for a used box truck would be under 100,000 miles for gas engines, and under 200,000 miles for diesel engines. Also, make sure that the sale is legal. Research the vehicle identification number to see if it matches the title. It is also best to deal with the actual owner of the truck.
Note that the useful life of an engine will depend on the mileage traveled, the type of engine, the driving style, and most importantly, the maintenance that has been done by the owner. Most often, vehicle manufacturers note an approximate number of miles in which the quality standards offered by the brand would be guaranteed. This threshold tends to fall within 250,000 and 300,000 miles.
Top Factors That Will Influence the Cost of a Used Box Truck
Just as was noted above, numerous factors will play a role in determining the total cost of a used box truck. These factors include;
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Truth be told, age is one major factor that will determine the price of your used box truck. Vehicles are known to depreciate as they age since they witness a lot of use. Or it may be simply outdated with the emergence of newer, more efficient models. Here is a pricing guide based on industry averages to help you understand what you can expect to pay for a used box truck.
- A 10-year-old box with 200,000 miles cost $5,000 and $10,000.
- A 5-year-old box truck with 100,000 miles cost around $10,000 and $20,000.
- A 1-year-old, 16′ box truck with a few thousand miles has an average cost of around $40,000.
- Used or new, if you need a refrigerated truck, expect to pay more. Refrigerated box trucks have an average cost of $10,000 over standard prices.
Mileage and Condition
The mileage and condition of the truck are two of the most vital factors that contribute to its cost. Older trucks that have been very well maintained or lightly used can still sell for a considerable price. And appearance can make a big difference too. Also, if more detailed information such as maintenance & repair records, history, and proof of ownership can be shown, then buyers will have more confidence and will be more willing to pay the quoted price.
Have in mind there are numerous models and manufacturers of box trucks out there, but a few dominate the market. A good number of people will only opt for particular makes of trucks, and brand loyalty is reflected in annual sales of new and used trucks around the world.
Also, note that people tend to be willing to pay more for a name brand – they’ve either had good results with it and trust it, or the name itself notes a certain level of quality. However, access to comprehensive information about the truck and being able to compare models side-by-side will help you determine its value.
Model and Features
Standard models fluctuate less in price and are often easier to sell than specialized pieces of equipment. There are additional features you may also want to consider when seeking your ideal used box truck. Almost every box truck features a roll-up door in the back, but you may want to consider looking for a model with a liftgate.
A liftgate is a powered platform that lets you lower and raises cargo from the back of the truck to the street. Some other box trucks come with lights and rails that guarantee better securing of cargo. You may also seek cab side features such as air conditioning, automatic or manual transmissions, CD players, different seat styles, and a multitude of other comfort options. However, note that extra features add to your overall cost of the truck.
Market Conditions & Economic Climate
Indeed economic and market conditions have one of the most notable impacts on the price of a used box truck. Note when the economy is in a downturn, everyone is wary of their bottom line. They tend to be less willing to pay higher prices, or won’t shy away from lengthy negotiations to get a price they want.
In addition, the need for trucks reduces, and individuals and businesses would want to sell their under-utilized trucks, filling the market with assorted options for buyers.
However, market conditions aren’t always entirely influenced by the economy. Have it in mind that different industries tend to have different cycles or can be seasonal, like forestry. During the peak logging season, trucks will be needed quickly and will be in higher demand, and will also be worth more.
The Reputation of the Seller or Former Owners
Also, note that a company’s reputation can “follow” the used truck they are selling. Have in mind that this can be either good or bad. If the used truck has come from a notable organization that’s known for taking good care of it, buyers will be willing to pay more for it.
Howbeit, if the truck is owned by a company well-renowned for always cutting corners, or it comes from a relatively unknown company, buyers will consider it a “riskier” purchase and will offer a lower price.
Acquiring a used truck can be more tasking than acquiring a new one especially since you can fall into the hands of a poorly maintained truck. However, when looking to purchase a used truck, don’t take anything at face value. Take your time to review the history of the vehicle, its previous owners, where it has been driven, how it has been driven, and how well it has been maintained over the years.
Also, note that test driving a used truck is the best way to determine how it handles and how it makes you feel. It is always important you feel comfortable in your truck, whether you are driving or you are a passenger.