If you’re looking to buy a semi truck without breaking the bank or taking out a major loan, a budget-friendly truck might be just the solution. While the term “budget truck” might make you think “worn out, high-mileage clunkers”, at Coopersburg & Liberty Kenworth, we offer quality semi trucks across a wide variety of years, makes, and models at affordable prices.
Before you go all-in on a used semi truck, you should know what budget-friendly options actually entail. Here’s what you need to know when considering buying a cheap semi truck.
Semi Truck Usage
The type of truck you choose and how you intend to use it is important. These factors depend heavily on your job. Are you driving long-haul or short distances? Do you drive daily, weekly, or occasionally? What equipment essentials will you need? Identify your must-have features like engine, horsepower, axle ratio, and whether you prefer a manual or automatic transmission. Be as specific as possible so you’re well informed before starting your research. It can help you find those particular specs you need without going over budget.
Budget Considerations
How much can you afford? Be sure to establish a realistic budget before starting your research.
There is a big difference between the price tag of a truck and its operating costs after you’ve purchased the truck. You need to consider costs like fuel, maintenance, insurance, permits and licenses as well as spare capital for emergencies. While you could get an older model for a steal, it could end up costing you more in repairs and maintenance than a older model at a slightly higher-price that will be more reliable.
To determine your budget, calculate your monthly income and expenses as well as any debts you may have. An established budget will help give you a clear vision of what you can comfortably spend without blowing all your cash.
This can also help you identify any unnecessary costs and consider cutting back (or cutting out completely) any additional expenses that don’t positively contribute to your business.
Vehicle History
To get the best bang for your buck, it’s important to always know a truck’s history before you buy. If you’re interested in a particular used semi truck, make sure to get a comprehensive report of that truck’s operational and maintenance history.
A used semi truck’s history report can and should include the following:
VEHICLE HISTORY REPORT
Title Issues: Check for any “junk,” “salvage,” “flood” damage, or damage of any kind that could signal serious hidden problems.
Accident: Look for records of accidents, especially major ones, which could result in long-term issues and impact future costs.
Ownership: Learn how many owners the truck has had. This could tell you how hard it was worked. If it changed hands multiple times, that could be a sign of persistent issues.
MAINTENANCE RECORDS AND DOT INSPECTION REPORTS
Regular Maintenance: A detailed maintenance history of oil changes, fluid checks, and service will show how well the truck was cared for.
Component Service History: Find out when key parts — like the engine, brakes, and emissions systems — were last serviced, repaired, or replaced.
DOT Inspection Reports: These reports show how compliant the truck is with safety regulations. It can also reveal if there are any recent failures or required fixes.
Inspection
Before buying, you’ll want to have a full exterior and interior inspection of the truck. Check for engine and powertrain issues like leaks, low fluid levels, as well as belts and hose conditions. Examine the frame for rust, cracks, and bends. Thoroughly inspect the tires for cracks, bulges, embedded debris, and other signs of wear. Check the condition of the brakes. Test all lights and electrical systems. Look for any body damage, rust, plus any other signs of wear and tear to the interior of the cab.
Some drivers even enlist outside mechanics to do a pre-inspection of the vehicle for another professional opinion. Also, make sure to test drive the vehicle before making a purchase. It will help you better assess the truck’s performance and identify any problems you may not be able to catch by eye.
Financing
Once you’ve chosen a truck that fits your budget and your job, you may still need financing.
When applying for semi truck financing, you’ll need to consider the total loan amount, your credit score, interest rates, and down payment requirements. During the process, a lender will determine how much you’ll need to put down to secure the vehicle based on your credit score, purchase price, and vehicle history.
On the plus side, used trucks often require smaller loans and down payments since the purchase price is significantly discounted compared to new trucks. This typically results in lower monthly payments and less strict credit requirements. Financing can be a great way to reduce the upfront costs while still affording a quality vehicle.
SAVE MORE WITH BUDGET SEMI TRUCKS
“Budget Trucks” may sound like a scary term, but for the savvy shopper, or those on a strict budget, they offer a chance to save thousands while still keeping your business profitable. If you know what to look for — after considering your needs, budget, and vehicle’s history and inspection, as well as financing requirements — you can find a reliable semi truck that won’t leave you penniless.
Browse our budget semi trucks for sale at Coopersburg & Liberty Kenworth.
