?Used Diesel Trucks – Some Alternative Ways to Find That Perfect Truck
You can find used diesel trucks from all the obvious sources like dealers, magazines, etc. But there are great alternative sources that most people don’t think of when they are trying to locate that specific used diesel truck. Here are some alternative ways that you may not have thought of.
* Off Lease Trucks – Many equipment leasing companies receive trucks at the end of the customers lease term. The leasing company than looks to sale these trucks to get them off their books. In most cases you can find good deals on these trucks because the leasing company is more interested in getting rid of the trucks than they are making a large profit on them. Some places to look would be leasing companies that advertise in your favorite truck magazine. If your in, or near a large city you can look in the local yellow pages for equipment leasing companies. And you can always go online and search for equipment leasing companies or truck leasing companies. Ask to speak to their asset department. The larger leasing companies will usually have a large number of trucks and equipment from you to pick from.
* Lender Repossessed Trucks – This works very well but can require a lot of homework. If a customer defaults on a truck loan that lender will repossess the truck. The lender than looks to sell the truck to get it off their books, similar to how a leasing company works. The benefit here is the lender is usually more motivated to sell and, as such can provide a great deal for the truck purchaser. You can pick up some great deals here but you have to be able to act quickly and usually have to be able to pay cash. Here’s another piece of advice, the more specific the type of truck the better deal you can usually get. For example, one bank had repossessed a pump truck designed to work only with septic tanks. The number of potential buyers for a truck like this is very small so they don’t get many inquiries. As a result they are willing to sell the truck off at a much cheaper price just to get rid of it. If your looking for a very specific type of truck this may be the route to take.
*Auctions (including eBay and other online auction sites) – There are two types of auctions to consider. The first is a traditional auction run by auction companies. Companies like Ritchie Brothers auction off personal vehicles, bank owned trucks, and dealer overstock. You can pick up some good deals at auctions if you know what your doing. It is suggested that you go to a couple of auctions first to get acquainted with the process. You can also check out online auctions. The most popular of these is eBay. It’s called eBay Motors and it has gained a lot of popularity in the past couple of years. There is a short learning curve you must go through before just jumping in so it’s a good idea to hang out at these sites for a while to learn the process. With both of these options you can get some really great deals. In fact there are people that make a living buying a selling through auctions. Definitely check it out
*Repair Shops – This is one most people don’t think of. Here’s the scenario. Someone takes their truck in for some major repairs. The repair shop makes the repairs and unfortunately the customer can’t pay the bill. The repair shop can hold the truck until they get paid. If the customer can’t come up with the money the repair shop, in most cases, can keep the truck as payment for the repairs. Now the repair shop is holding a truck they don’t need so they would look to sell the truck to recover the cost of the repairs. This is another great opportunity to pick up a good deal. The repair shop won’t hold an inventory of truck so it’s a good idea to notify a number of shops to call you if they get something in. If something comes up you stand on getting a great deal.
*Truck Locator Services – This is a new service that has sprouted up recently. Instead of looking for that specific used diesel truck you just submit what your looking for to the locator service and they find the truck for you. They usually have a network of dealers, auctions, banks, leasing companies, etc from which to locate the truck your looking for. They are usually a free service or require a small fee. Customers love working with these companies because they can usually find trucks quicker than you can on your own. I think you will see more of these as time goes on.
As you can see there are many ways to search for trucks. Just look around and you can come up with other alternative ideas to find that perfect used diesel truck.