In the trucking business, trucks are an investment that can quickly become worthless without the proper care and maintenance. Like any commercial investment, this also includes regular upgrades that not only increase its value, but increase its appeal in a sale as well. Not all upgrades will increase the ROI of a commercial vehicle, so it’s important to know which ones are worth the investment and which ones are not. Here are 4 great tips for increasing the resale value of your commercial truck.

Restore it with some loving TLC

When your truck is new, shiny and fresh off the factory floor, you generally take pains to keep it sparkly and in mint condition. Over time, however, this TLC tends to dwindle and your truck can suffer as a result. Accumulated dirt and grime can fade paint and going too long between washes can lead to rust and other issues that may make your truck harder to sell. Giving it some TLC to bring it back to its sparkling, shining former glory may help you take better care of it once again, which will pay off in spades when it comes time to sell.

Bring it into the 21st Century with Tech Upgrades

There are a wide range of tech upgrades that can increase the resale value of your truck as well as making your own business perform more smoothly and efficiently. Not only can advanced tech make your truck a more efficient part of your business, but many of those tech upgrades can make it safer as well. From in-dash GPS units, to backup cameras and anti-theft devices the options are endless. Your employees and your truck can all benefit from some tech upgrades.

Put some money into maintenance

For the most part, maintaining an older commercial vehicle is less expensive than replacing it with a new one. This is only true, however, if regular and thorough maintenance is performed throughout the life of the vehicle. Too many fleet managers wait until their trucks break down to do important maintenance, but you can actually keep your fleet running and operating far more smoothly if you do preventative maintenance instead. Having said that, it’s also important to know when it’s time to let an older truck go and replace it with a new one or even downsize your current fleet.

Invest in your own maintenance equipment

Taking your trucks to a garage to have them fixed, repaired or maintained can be costly both in terms of time and money. When you have to take a truck into a garage, not only do you have to pay someone to perform the work, but you are at the mercy of their schedule. Like the old saying goes, ‘time is money’. The longer your trucks are waiting for repairs, the more it costs you and the more it costs you to have trucks out of commission, the less likely you are to do routine maintenance and repairs. Investing in your own maintenance equipment ensures repairs and maintenance can be done swiftly. The better you take care of your trucks, the better they will take care of you. By taking regular care of them, you can not only extend the life of your trucks but can recoup a good deal of your investment when it comes time to sell. If you are looking into truck finance contact us today.