Buying a new bucket truck can sometimes be a prohibitive expense companies may want to avoid. In such cases, either leasing or buying a used bucket truck are the options cash-strapped businesses can turn to. However, with the option to lease, is buying a used bucket truck really worth the money?
The answer to this question hinges on a number of factors:
Frequency of Use
Any company that regularly uses bucket trucks should consider buying a used bucket truck rather than leasing. The cost of leasing can accrue over time, thereby making it more expensive in the long run compared to buying a new bucket truck.
Availability
The market’s demand for good used bucket trucks can drastically limit supply in some cases and drive their cost higher than would be economically viable. Fortunately, however, the credit crunch caused by the recession saw many gently used bucket trucks sold, meaning there is a surplus of great bucket trucks on the market right now at really great prices.
Maintenance
Some people think that used bucket trucks bite back on their lower prices because they cost a lot more than new bucket trucks to maintain. However, that isn’t always the case. Fleet trucks, especially, undergo strict maintenance and inspection routines that keep them in top condition until they are eventually sold when the fleet is updated.
Taking the factors above in consideration, if your business requires the frequent use of a bucket truck, buying a used bucket truck is definitely worth the money.