Used Truck: What You Should Look For

If you are in the market for a used truck here are some things that you should look for:

1. If you are looking for a newer used truck, you should try to find one that is less than three years old, if possible. The depreciation rate is the reason for this guideline. Immediately after any car or truck leaves the lot brand new, it depreciates faster than it will for the rest of its life, and then the rate slows and levels off at about 3 years.

2. You can get a good idea of what you can afford for your used truck by using an online financing calculator. You simply enter the amount of the loan (do not forget to subtract any trade in value or down payment from the purchase price) and then put in the current interest rate and the length of financing.

3. Always check the Blue Book price for any used truck you are thinking of buying. If the price you are being offered on the used truck is a lot lower than what you find or a lot higher, you can ask questions to find out the reasons.

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