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Another reason to buy used
Page 69
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The ETA has been doing its sums — and it seems a used 44-tonner could slash thousands off your running costs by avoiding depreciation...
Financial experts at the Freight Transport Association estimate that by the end of the year the annual cost of running a 44-tonner will pass the £1 0004) mark. But you can reduce this by more than 7% by running good quality used vehicles.
Unsurprisingly, the hike is being fuelled (no pun intended) by the rising price of diesel.The FTA's
Manager's Guide to Distribution
Costs shows average fuel costs for this class of vehicle are running at £28,000 per year, with £3500 needed for insurance,i28,500 for the driver's pay — and £10,500 for depreciation on a new truck. This is where you can make a saving. The figure is estimated by taking the resale value and tyre equipment costs from the purchase price and dividing the difference over the time the vehicle will work for you.
Dropping depreciation
Annual depreciation of £10,500 amounts to £52,500 over five years. By spending less on a three-year-old truck depreciation drops significantly An outlay of £25 poo for a truck means after tyre wear and resale value is taken off depreciation over live years is £17,500. or £3,500 per year — a saving of £7,000 in running costs.•