Buying Old vs New Trucks: Pros and Cons (Price, Repair cost, Fuel-efficiency, Comfort, Safety)

What is the best truck for owner-operators? Should you buy an older or newer truck?

Our driver Dave has been in the trucking industry for 22 years working both in oilfields and on highways, he has driven both older trucks and newer trucks and has driven trucks of different models.

Today, he shares his insight on whether if it's better to buy an older or newer truck as an owner-operator, and what he personally thinks is the better option.

He also discusses the difference in prices between older and newer trucks, the difference in repair and maintenance costs, cost of parts, the fuel-efficiency between old and new trucks, their comfort and safety. He touches on topics such as the DEF, emission systems, cruise control, and other functions.

Hopefully after watching this video, you will have a better idea of what type of truck is the most suitable for your career as an owner-operator.

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Soundtrack:
Sun Dog - Tiger Gang
Pop Filter - Alternate Endings
DeMarcus VanBuren - Old Skool

Chapters:
00:00 Introduction
01:45 New trucks typically come with better and longer warranty
02:21 Cons of buying a new truck
02:36 More specialized parts require more specialized mechanics
03:01 More specialized parts also mean more chance for malfunctions
03:25 Con #2: New trucks are more expensive
04:03 Pros of buying an old truck
04:16 You can pay off an old truck much faster than a new truck, which makes the success rate of leasing or financing higher
04:29 Pro #2: No emissions
04:42 Having less downtime can greatly affect your bottom line
04:53 Pro #3: Cheaper parts
05:17 If you're smart about the old truck you purchase, you may actually spend less repairing it vs a new truck
05:42 Preventative maintenance is much cheaper than repairs when big parts stop working
06:44 CONS of buying an old truck #1: more mileage
06:59 Con #2: less comfortable
07:19 Con #3: Longer history
09:07 Things to check for when buying a truck
09:51 Look at parts based on what the truck was originally used for
12:38 The shorter the lease term is on your truck, the higher your success rate will be