Now is the best opportunity in years if you are looking for cheap trucks. And there are two very good places, and good reasons why: Itís never been cheaper to buy a Reposessed Truck at a Repo Auction. Right now, there are hundreds of truck owners struggling to make a payment. And the unfortunate fact is that a small portion of these truck owners wonít be able to make their loan or lease payments on their trucks - and their trucks will be repossessed by banks, lenders and financiers. Itís unfortunate, but true - but it opens one of the greatest opportunities to get a cheap truck that has been seen in the past 30 years. The secret to getting a cheap truck at auction is to know what you want. Itís not just the price that matters - itís also the value. Some trucks will sell for a tiny fraction of their true value. Some will sell for market value. And some will sell for much more. You want to avoid paying too much for a truck by working out the blue book value of your truck - either using Kelleyís or NADAís truck value guide (the blue book prices for trucks).
If youíre willing to buy a new truck, itís currently a fantastic time to buy. All 3 major automobile manufacturers in the United States are desperate for you to buy their trucks. In the past 20 years, there has never been a time where people have bought fewer trucks - recently, new truck sales have plummeted - but production has remained reasonably high. For anyone who is buying a new truck, expect to be treated like a prince (or princess) throughout the sales process. Use this opportunity to negotiate hard! If youíre buying a truck, while getting a cheaper deal on the truck itself might be difficult, you may be able to negotiate a much lower price on truck accessories - and get cheaper truck accessories for your rig. Hopefully these tips help you out.