Five Ways Used Trucks Can Help With Capacity Fluctuations
Used trucks and trailers let fleets add capacity without the expenses associated with new equipment. Here are five ways used equipment can help fleets adapt to capacity fluctuations:
1. Fleet Flexibility
Most private fleets use a mix of leases, rentals and owned equipment to meet shifting capacity demands, and used trucks can allow fleets to add capacity while managing lifecycle planning and capital outlays.
2. Cost Savings
Used trucks present a cost-effective alternative to new equipment, especially as prices of Class 8 tractors increase. Because used trucks have significantly lower upfront costs, they allow fleets to reduce their capital expenditures, minimize their financial exposure and achieve a faster return on investment. Penske offers accessible financing options through Premier Financing, which partners with competitive lenders to secure the best rates for fleet purchases.
3. Financial Advantages
Purchasing used trucks outright can offer tax deductions and savings that give fleets financial advantages. Owning equipment can also allow fleets to build equity over time and capitalize on its residual value when selling it or trading it in.
4. Immediate Access
New equipment often has to be ordered in advance, but used trucks and trailers may be readily available, enabling fleets to add capacity quickly. Fleets can also explore used truck auctions, which offer convenient online access to a wide range of equipment available for immediate purchase, further expanding access and allowing buyers to source different makes and models quickly and competitively.
5. Access to a Range of Sizes
Incorporating a variety of equipment sizes can help adapt to changing needs as freight demands change. Penske offers a wide selection of light-, medium- and heavy-duty trucks, along with trailers, to provide flexible solutions. By analyzing historical data, current operations, and forecasted routes and volumes, Penske can help fleets determine the ideal mix of vehicle sizes and equipment.
To learn more about purchasing used equipment, contact us today