There are numerous advantages to buying second-hand trucks for your business. But despite the wide variety of high-quality choices available here in the Philippines like Isuzu trucks, many businesses still shy away from this cost-effective option.
Most business owners probably feel that the risk that comes along with buying second-hand trucks may far outweigh the reward. With just a little extra effort on the part of the buyer, however, the most common pitfalls with buying second-hand equipment can be avoided. Here are a few tips to reduce the risks associated with buying second-hand trucks for your business.
Make Sure That the Seller Is Reputable
Take the to read online testimonials, business reports, and reviews in order to get a good grasp on the person or company you are buying from. Make sure that the seller you are buying from is reputable and legitimate by checking with the following:
- Customer testimonials
Having positive testimonials that other buyers of equipment are more than willing to vouch for the seller. If there are no testimonials available on the website of the person or the company, call them and ask if they can provide you with the contact information of a few of their most recent customers.
- Online reviews
Websites like Facebook and Google are good places to find customer reviews that are unbiased. Typically, once a review on Facebook or Google is published, it can’t be edited or removed by the page owner.
- Public company records
Look for seller companies that have a large customer base and a long history. Publicly-traded companies are required to share their financial statements so you can easily check out if the company is stable and likely to be in business in the long term.
Do a Background Check on the Seller
Make sure that the seller is actually the owner or at least has the legal authority to sell on the behalf of the owner before you purchase second hand-equipment and trucks. You should be especially aware of two things: liens and stolen equipment.
Ask if the equipment is owned outright by the seller if you are buying from a business. Do your own check if you can’t confirm this. If you are buying from a private seller, on the other hand, ask them to provide the original sales invoice for the vehicle. Then, check that the name on the sales invoice matches the name of the seller.
You can also ensure the ownership of the vehicle using the VIN or the serial number of the truck. Ask a private service or your local police department to run the VIN or the serial number to see if the vehicle has been reported stolen.
Inspect the Truck Before You Buy It
If you are buying second-hand, the truck is most likely going to be sold as-is, where-is. Inspect and test any second-hand equipment before you buy it. Have an experienced truck operator or a qualified mechanic carry out both a functional and physical inspection on your behalf if you don’t have considerable knowledge about trucks.
If you are buying online, find websites that provide photos and detailed information about the truck. Compare the pictures carefully and don’t be afraid to raise up some questions to the seller. Finally, if you are buying sight unseen, make sure that the item that you collect matches the advertised description before you drive away.
You need to be prepared for a lot of things when it comes to buying a second-hand truck in the Philippines from Isuzu. Spend a few hours comparing prices and features, research what is available to you, and find out which truck will meet your specific demands.
Even though this task might seem overwhelming, hopefully, these tips for buying second-hand trucks will be able to help guide you through the process.
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