Things to Consider When Buying a New Truck

Whether you need a pick-up truck to haul important equipment or to be a brand-spokesman, pickup trucks are a popular choice for driving solutions. Pickup trucks can also be used as off-road warriors. Whether you need a pick-up truck for work or for pleasure, the selection process can be daunting. Before you begin the shopping process, know what you are looking for before you begin. Here are some things to consider when buying a new truck:

Cost of buying a new pickup truck

The cost of buying a new pickup truck is high. This type of vehicle has several benefits over a traditional passenger car. These vehicles have overbuilt body-on-frame construction that is designed for heavy duty use. They also retain more value over time than a passenger car. As a result, pickup trucks can fetch more money when they’re traded in. This can be a very wise decision for those who frequently tow and haul items.

In the past five years, the average price of a new pickup truck has gone up by about 7%. That’s a substantial increase when compared to the average price of a luxury sedan. Still, it is not as high as luxury cars or luxury SUVs. For example, the Ford Maverick is expected to start at $21,490. The average price of a full-size pickup truck in the United States is about $52,732 over five years. The cost of a midsize truck is around $42,840. The cost of ownership includes depreciation, fuel, repair, and insurance. Buying a truck will often require a truck loan.

Time to buy

Depending on what type of truck you’re looking for, there are many different times of the year that are ideal for truck purchases. For example, the beginning of the month is generally the worst time to buy a new truck. That’s because dealers have less incentive to slash prices. Another good time to buy a new truck is during a holiday weekend. President’s Day, the 4th of July, and Memorial Day are all three days that are ripe for buying. Labor Day is also a great time to buy a new truck, because car dealerships will often ramp up sales during these weekends.

In 2020, pickup truck sales have surpassed sedan sales by 17,000 units. This is an incredible feat considering only a few years ago, sedans were outsold by pickup trucks. In April 2020, Bloomberg reported that pickup truck sales surpassed sedan sales by a staggering 25%. This trend continues in the next few years. So, when is the best time to buy a new truck? Keep in mind that this is only a guide.

Features to look for in a pickup truck

When shopping for a new pickup truck, it is important to consider its cab configuration. Trucks can be grouped into two basic cab types, the regular cab and the extended cab. The former is the smallest of the two cab types, with one row of seats and a narrow space between them. The next type, the Super Cab, has four doors and is the largest. Its rear doors hinge outward, and the front door must be opened before it can move. The final type of cab, the crew cab, has four doors and ample legroom.

Pickups come with a variety of engine options, including four-, six and eight-cylinder engines. Some models also offer two or four-wheel drive. Choose one that meets your driving needs, as well as your budget. When deciding on which engine to buy, make sure to consider fuel economy, horsepower, and cost. You may also want a truck with four-wheel drive if you plan on driving it in the winter.

Dealerships to avoid

It is common for car dealers to cram as many add-ons as possible into a vehicle, despite the fact that those add-ons aren’t necessary. For example, if you are buying a truck, the dealer might load it with anti-theft devices, warranties, and other dealer add-ons. Asking for the “out-of-door” price of the car will reveal hidden charges.

It’s good practice to bring your credit report, list of references, and complete information on all discounts. You may also want to bring current utility bills and an auto insurance policy. In most states, auto insurance is mandatory, so you should bring these with you to the dealership. Also, ask about rebates and other incentives, as they are rare these days. Make sure to ask what happens to the deposit if you change your mind about the purchase.

Getting a discount or rebate

If you’re planning to buy a new truck, you should consider getting a discount or rebate. Some automakers offer discounts or rebates to military personnel. But they don’t have the same eligibility requirements as GMC or Ford. Check the rules on the manufacturer’s website before you buy. For instance, some rebates are available to only first-time buyers. But you can also apply for a 90-day deferred first payment if you’re a student.