There may be numerous questions a first-time buyer has before purchasing their first truck in India, especially for commercial purposes. It is usually an important decision for a buyer before investing in a commercial vehicle. Getting the right vehicle for your business, whether it's for logistics, transportation, or construction.
With the rapid evolution of the commercial truck sector, there are various options, which include light commercial vehicles (LCVs), heavy commercial vehicles (HCVs) for last-mile deliveries, and long-haul cargo. Before making this big decision, go through this checklist and make sure to consider all these key factors before getting your first commercial truck.
The market is vast, and exploring the options can sometimes feel like being lost and confused. All the truck manufacturers promise the best top-notch services and features, but getting convinced with all the information through a sales pitch isn’t enough. It's important to actually make the buyer understand the key factors before making the decision. So here it is, let's see the checklist before your first purchase of a commercial truck.
While buying a truck, think of it as matching the right one to the right job.
Match the type of cargo for your business purpose. For example, tipper trucks are used for sand, closed containers for electronics, and refrigerated trucks for food.
Examine the payload, get a truck rated for the average load.
Decide the fuel type; usually, diesel is needed for heavy, long-distance deliveries; electricity is better for short city trips.
Check whether the truck is going to be used for a 24/7 run; is so, durability should be the priority.
Have a futuristic goal with the truck that you choose to help the business achieve a long-term goal.
This factor is no longer just about the price you pay at the dealership; it consists of the entire calculation of the “Total Cost of Ownership”. If the monthly income and monthly expenses don’t leave you with any profit after paying the EMI, it means the budget failed here. Always check for the profit-per-kilometer, not only the lowest price.
The efficiency and mileage are the biggest key points for your daily profit. As fuel holds for nearly 43% of a fleet's total business expense, a little improvement in mileage can save a lot every month.
For example, don’t estimate how much fuel the truck uses; know how much work it does with that much fuel. A heavy 40-ton truck consumes 60 liters per 100 km, while a smaller ton truck uses 25 liters per 100 km.
This factor is most important while getting a new truck; it determines whether the truck will be your asset or liability. While choosing a reliable brand with advanced “smart” features, the truck stays in the phase of earning and out of the losing phase.
Whenever you buy a truck, check if it has a proven, local supply chain for parts. As it's a make-or-break factor, it refers to how quickly you get the replacement of the parts like brake pads, filters, or sensors. Without access to parts, a minor mechanical issue can turn into days of “downtime”. This is the time when your truck sits idle and earns zero revenue.
Before buying the truck from any brand, always refer to their service centers availability and 24/7 digital support systems, to keep the truck operational. This is a safety net to keep your truck operating in the business. Always keep a few things in mind like warranty protection, roadside assistance, and digital connectivity, before making the decision to purchase your first commercial truck.
This factor represents not just the logo, but the manufacturer’s reputation for quality engineering. It is not just about buying the vehicle; it’s about buying a partnership of brand promise, that you will not be left alone if something goes wrong. And by the time of reselling, the brand name should be enough to gain the trust of the buyer.
A good truck will always ensure a happy and safe driver with utmost productive asset. Invest in a truck that has a better cabin and safety tech, and prevents huge costs of life and mishaps. Modern trucks have started including these advanced features like:
Before buying a new truck, get the TCO (Total Cost of Ownership). Most big brands provide this to show you exactly how much you will invest in the truck per mile over the next three years. Make sure you tick every box to meet your requirement:
Deciding on the right commercial truck needs a deep evaluation of the performance of the engine, payload capacity, financing assistance, safety features, and after-sales support. Whether the requirement is a small delivery truck or something bigger that will help to grow your business, keeping these factors in mind is important. The correct information before the decision is made, with a full & final knowledge about productivity and profitability, will help in going forward in the business.
The best way to find out your best first truck is by assessing your towing, hauling, and passenger needs.
Yes, buying the correct truck with proper market evaluation can help you grow in your business and gain successful revenue in the end.
Yes, buying a truck in India, check your goals. With great contacts and tight planning, you can earn profits regularly.