Call us: 1-866-692-7247
Pacific Truck Colors, Inc • Toll-Free: 1-866-692-7247

5 Factors to Consider When Investing in Truck Equipment for Your Business

5 Factors to Consider When Investing in Truck Equipment for Your Business
December 2, 2016 Truck Colors Blog
truck equipment portland

You’ve decided it’s time to upgrade your fleet and buy some new truck equipment. Maybe you’re expanding your business, or you just need to upgrade and customize your old trucks. Regardless of the reason, pay attention to these five factors before buying new equipment for your trucks.

  1. Consider the Cost of Ownership vs. Renting

One of the most important things you need to consider is the cost of ownership vs. the cost of renting the equipment. With ownership comes a lot of unforeseen costs, such as insurance, maintenance, and so on. It might make more financial sense for you at the moment to rent truck equipment instead of buying it. However, if you know you will be using the equipment for many years to come, such an investment could pay off in the long term. Which brings us to…

  1. Job Frequency

Of all the factors on this list, the lengths of your projects and job frequency could be the deciding elements in determining if you should invest in new truck equipment for your company. Ask yourself, do you need a specialized piece of equipment for a short-term project or are you going to use it for years to come? Take a good look at your most frequent projects to determine what type of equipment and truck customization jobs could help you scale your business faster.

  1. Equipment Availability

While renting truck equipment could seem cheaper, owning it makes it available to you 24/7. That means you won’t have to refuse an urgent project because you don’t have the right type of gear. Owning your equipment also gives you more control and the capacity to adjust to unexpected changes with less downtime.

Owning can be a major advantage for clients as well. It can give them peace of mind in knowing you are a trustworthy business that is prepared to take on a project with professionalism.

  1. Only Buy Truck Equipment from a Reputable Seller

Now that you’ve decided that investing in new truck equipment is the best option for your business, you need to make sure that you buy it from a reputable seller. Do your due diligence and research different companies to ensure they are trustworthy. Read reviews, forum comments, articles, reports, and testimonials to get a good sense of whether a company you are interested in is legitimate.

  1. Always Perform a Background Check

Before deciding on a company and purchasing truck equipment, ensure the seller has the authority to sell them. You’d be surprised to discover how many scammers are out there trying to sell fake equipment. Make sure the seller can provide all the necessary documents to prove the authenticity of the equipment and that they offer a warranty.

At Pacific Truck Colors, we have 30 years of experience selling and mounting truck equipment. Whether you need rack straps, warning lights, liftgates or toolboxes, we’ve got you covered. Check our list of products and services and request a quote if you see anything that interests you.