Yes we like new equipment. When you buy a new truck, everything is new; new tires, new trailer, new hydraulics, etc.
Let’s looks at whey we like and buy new equipment.
First there is old equipment:
Pros: cheaper payments
Cons: everything is used and will need to be replaced sooner rather than later:
They break down and this costs time money and pissed off customers. When they break down by the side of the road I have to call a tow company, have the vehicle towed to a repair shop, and put my driver up until the truck is repaired. Most importantly I have to call the customer for every vehicle on the carrier. All this is a total of 10-12 phone calls. This badly eats into or eliminates any potential profit on that load. These delays impact my customers and cause a lot of work and headaches on my end. There can be other smaller issues that don’t require a tow job and days of delay. A broken hydraulic line or blown tire still require down time and significant amount of customer communications.
Now for new equipment:
Pros: none of the issues noted above
Cons: a very large monthly truck payment. When you consider the cost of a new truck and trailer can be north of $250k that can be staggeringly massive.
This is a position we have evolved to over the years. When we were starting out we had used equipment like most new companies do, it’s a simple matter of economics. From our website https://shawautocarriers.com/about-us/ you will notice in the past we have run our own maintenance and trailer building facilities. As you can see I speak from experience, we prefer new equipment.