Should You Buy New or Used for Your First Pump Truck?
A question that many new business owners face when starting a pumping business. Starting a septic pumping business means making smart decisions from the beginning - only IF you want to succeed. One of the biggest decisions you'll face is whether to invest in a new or used pump truck. Both have pros and cons, and the right choice depends on your budget, goals, and risk tolerance.
Buying a New Pump Truck
A brand-new pump truck gives you peace of mind. You get a full warranty, updated features, and the peace of mind knowing that you're the first to operate it. Here's why a new truck might be worth the investment:
- Warranty Coverage: Most new trucks come with warranties on both the chassis and the tank build, which reduces unexpected repair costs in the first few years
- Modern Features: New trucks have updated controls, more efficient engines, and sometimes technology that can help improve productivity
Brand Reputation: A clean, new truck can give your company a professional image, which helps when trying to win new customers or contracts
However, new trucks do come with a higher price tag. Financing may be required (if not, good for you), and you'll want to ensure that your expected income can cover the monthly payments and other expenses such as insurance and dumping fees.
Buying a Used Pump Truck
If you're just getting started and want to lower your upfront costs, a used truck might make more sense. Here's what to consider:
Lower Cost: Used trucks are often significantly more affordable, allowing you to start your business with less debt
Faster ROI: Because you're spending less upfront, you may break even and start profiting sooner
Still Reliable (When Vetted): Buying from a reputable dealer that DOT inspects and services used trucks (We do with every used truck) can give you peace of mind without the full price tag of new
The downside? You'll likely have higher maintenance needs over time and potentially less fuel efficiency. It's important to know the truck's service history and condition before purchasing.
Final Thoughts
Both options can be the right decision depending on your situation. New trucks offer long-term reliability and a polished image, while used trucks offer lower startup costs and faster returns. At Iron-Vac, we offer both new and used septic pump trucks, and we can help you decide what's best for your business goals.
Need Help Choosing the Right Truck? Give us a call at 501-279-0001 or visit septictrucks.com to browse our available inventory. We're here to help you get started on the right track.
By Riley Reed