How to Know It’s Time to Sell Your Semi Truck

Posted - September 15, 2022
Semi Truck Driver Considering Selling Their Commercial Truck

Selling your semi truck in Texas or elsewhere is a big decision to make. You’ve likely grown attached to your big rig, or, at a minimum, you want to get the timing right! Whether you’re a sole driver-owner or the owner of a truck enterprise, it’s always a good idea to put time and effort into learning the best time to sell. That way, you can have complete confidence in your decision.

Here are some of the most telling signs that now is the right time to sell your commercial truck to a professional truck buyer like TruckVin.

It No Longer Suits Your Needs

In the same way that you’d sell a passenger vehicle if it couldn’t do what you needed it to do, you can sell a big rig for the same reasons. You might be gearing up to haul a different type of freight, or you realize a different truck suits your most-traveled roads more than yours does.

In that case, now can be the right time to sell. Fortunately, when you sell directly to a truck buyer, it doesn’t have to be a stressful or time-consuming process.

You’re Exiting the Truck Driving Industry

The truck driving industry has seen significant changes in recent years, such as Assembly Bill 5, and not everyone is happy with where the industry is headed. With long working hours and overnight travel also sometimes required, many truck drivers are making the hard decision to exit the industry and forge a new career path for themselves.

Selling your big rig can be an excellent option to ensure you have the cash to use in your next business venture. When you sell to truck buyers like TruckVin, you can rest assured that you’re getting a competitive offer reflective of the market and your truck’s overall condition.

You’re Not Using It Very Much

Large truck companies can own dozens, if not hundreds, of trucks, and most of them see daily use. However, situations can change. If you have more trucks than drivers and see it being that way for the foreseeable future, there can be value in downsizing your fleet.

With fewer trucks to operate, you can enjoy fewer maintenance costs and no stress associated with storing a big rig that no one is driving. If you decide to expand your business in the future, you’ll find it easy enough to purchase a new truck.

It Has Excellent Resale Value

Many large trucking companies decide to divest their assets when they still have resale value. Rather than waiting until they’re worth nothing more than the cost of scrap metal, they sell them when they’re in excellent condition with a reasonable number of miles on the clock and plenty of life left in them.

When you sell a truck in such excellent condition, you can enjoy a high cash offer from reputable truck buyers, and you can put that money into the purchase of a new truck to keep your fleet numbers consistent.

You Need to Offset Other Business Costs

It’s not uncommon for businesses to experience tough times, especially with high inflation, high fuel prices, and diesel shortages. You might decide that now is the right time to sell your semi truck when you have other bills to pay.

You can sell your truck to free up cash, cover your most pressing costs, and purchase a new truck at a later date when you’re in a better financial position.  

Sell Your Semi Truck to TruckVin Today

Truck drivers and truck driving companies sell trucks for all different reasons, but there’s always a concern over whether the time is right. If you can relate to any of these situations above, now might be the perfect time to contact TruckVin for a free quote to find out just how much your truck is worth.