Buy, Use, Sell – How Much Does Your Truck Really Cost?

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The latest AmeriQuest Transportation Services blog details why fleet owners need to look at the entire life cycle of a truck when determining its true cost.

Don’t just look at the purchase price when adding a vehicle to your fleet. Make sure you also include the choice of vehicle financing, tax implications, expected utilization, and resale value in your estimating. To determine the most realistic cost, you should view the buy-use-sell phases as a single continuum, says Patrick Gaskins, AmeriQuest Transportation Services Vice President of Financial Services in a blog posting on the company’s Website.

Gaskins explains that different people within a truck fleet will have different perspectives about what aspect of the process is most important. “If you’re in procurement, you may think getting the lowest price and best financing has the biggest impact. For the fleet manager, it might be all about getting the best fuel efficiency and keeping repair costs down. And if you’re responsible for remarketing, you might think the best resale price is most significant,”

For those who specialize in financial services for the trucking industry, each element of the truck’s life cycle process is equally important in determining true cost of ownership. Gaskins’ blog, posted on the AmeriQuest Website, goes on to discuss why trucking fleets and companies that work in silos of operation often have little understanding of the big picture. He advises fleet managers and operators on how to take a fresh look at the way they do business; to foster active communication between each department.

Besides addressing various financing options, the AmeriQuest executive suggests that some companies should consider consulting with financial service companies that know the commercial trucking business inside and out. His blog can be viewed in full at http://blog.ameriquestcorp.com/how-to-determine-a-commercial-trucks-true-operating-cost-buy-use-sell/.

About AmeriQuest Transportation Services

AmeriQuest, headquartered in Cherry Hill, NJ, is a leading provider of comprehensive fleet management services. By leveraging the strength of more than 700,000 vehicles, AmeriQuest delivers savings, expertise, and opportunities to its private fleet and truckload carrier members. AmeriQuest provides supply management services, asset management services, material handling services, financing, technology products, and outsourced transportation management services such as full service leasing, integrated logistics, and contract maintenance. More information can be found at ameriquestcorp.com/transportation/.

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Kate Freer
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