4 Tips for Getting the Used Tow Truck Your Business Needs

By Becky Neems| Dec 1, 2017| 2459 Views
4 Tips for Getting the Used Tow Truck Your Business Needs

It’s no secret that used tow trucks are more affordable than those that are brand new, but the process of hunting down the perfect truck can seem daunting enough to scare even the biggest penny-pincher away. Luckily, it isn’t nearly as hard as you’d think, especially if you use these four tips!

Know Your Stuff

It’s important to be knowledgeable about any tow truck you’re buying, but when you’re looking into used, it’s even more crucial. Do some research to see what trucks have a good reputation in the industry. You’ll want to know what trucks are known to last and hold up well to years of towing.

Ask a few of your industry friends what their preferred makes and models are

People love talking about their trucks and business on Facebook and online forums, so don’t be afraid to ask! You’ll be surprised how willing other business owners are to give advice, especially if you aren’t their direct competition.

Once you have some trucks in mind, make sure you know enough about them to really evaluate their worth.

You want something that will hold up over time and that won’t require outrageous repairs in the near future.

If you’re a little rusty on auto repairs, turn to a trusted mechanic.

Run a few of the specks by them or see if they’ll inspect the potential truck. It could save you from a major headache later on.

Shop Around

With so many online truck buying options, it’s easy to shop around. No more driving from dealer to dealer only to find they don’t have what you need. Online classifieds and dealer inventories make it easy to see all your options. They allow you to cover more ground and see things you otherwise wouldn’t.

A businessman interested in equipment financing looks at growing his business on his laptop.

Find the Right Financing Partner

Even though buying used is more affordable, financing used equipment is still a great option for helping a used tow truck easily fit into your budget.

Cookie-cutter leases and financing agreements just don’t work for most towing businesses. Make sure they will work with you to fully customize your term length and payment structure to give you the best shot at success.

Adjust Your Timeline

If you’re lucky, you’ll find the perfect truck in a jiffy, but more than likely, it’ll take some time to wade through all the options. You may even have to wait a few weeks for the right truck to go on sale. Don’t let that discourage you! The wait will be worth it when you find a great deal.

While you’re still shopping around, consider getting pre-approved for financing. You don’t need the exact truck picked out and it will save you time in the long run. You wouldn’t want the perfect truck to slip through your fingers just because you haven’t started the financing process.

Talk to Us About Your Shop's Tow Trucks Needs

If you’re still wondering about how financing a used tow truck can boost your business’s production, talking with a financing consultant is a great way to learn more! Beacon Funding’s financing consultants are always ready to answer your toughest questions – you’ll be surprised how knowledgeable they are.

Becky Neems

Becky Neems

As a marketing coordinator, Becky collaborated with Beacon Funding industry experts to write informative content about equipment financing that helps business owners in the commercial truck and decorated apparel industries.