
Closing a business comes with a list nobody particularly wants to make. There are customers to notify, accounts to settle, equipment to deal with, insurance policies to cancel and probably a garage, yard or warehouse full of things that suddenly need somewhere else to go.
Then you look outside...There sit all the work trucks. Maybe it's one pickup that carried your company through fifteen years of jobs. Maybe it's a handful of service trucks, cargo vans, utility bodies, flatbeds or heavy-duty pickups. Whatever the fleet looks like, those vehicles represent something important: money that is currently sitting on wheels.
If the business isn't using them anymore, it's probably time to put that money back to work somewhere else.
Don't Let Sentiment Turn Into Storage
There's an emotional side to this that shouldn't be ignored. A work truck isn't always "just a truck." It may have been there when the company landed its first big contract. You may have driven it six days a week, eaten lunch in it, hauled equipment in it and watched the odometer climb while you built a business.
But keeping three commercial trucks because you're emotionally attached to them can become one very expensive retirement plan.
Even parked trucks can continue costing money through insurance, registration, financing, storage and depreciation. Batteries die. Tires deteriorate. Seals dry out. Trucks that were perfectly usable when the business closed can become considerably less appealing after sitting neglected for a year.
When the Business Stops, the Truck Expenses Don't
What You're Still Dealing With |
Why It Matters |
|---|---|
Insurance |
Coverage can continue draining cash |
Loan Payments |
Financing doesn't disappear when work stops |
Registration |
Another expense for vehicles you're not using |
Maintenance |
Sitting doesn't mean maintenance-free |
Storage |
Commercial vehicles take up valuable space |
Depreciation |
The truck may continue losing market value |
Selling a Fleet Yourself Can Become Another Job
You could photograph every truck, write individual listings, answer inquiries, schedule meetings and negotiate separately with multiple buyers. Then you can explain mileage, equipment, service history and every dent acquired since approximately the dawn of civilization. After closing a business, however, creating another unpaid job for yourself probably isn't high on the wish list.
That's where our team can help! TruckBuyerUSA purchases pickups, work trucks, commercial vehicles and specialty trucks nationwide. Whether you're dealing with one company truck or several vehicles that need to be sold, working with an experienced truck buyer can simplify what might otherwise become another lengthy project.
Your trucks don't necessarily have to be perfect, either. Work trucks work. They accumulate miles, scratches, worn interiors, tool marks and battle scars because that's exactly what they were purchased to do. Some may still have loans. Others may need repairs or have mechanical issues you've been postponing. Those details don't automatically mean you should spend thousands getting every truck ready for a private buyer.
Before repairing, detailing or advertising anything, find out what the trucks are worth as they sit. That number may change your entire plan.
Closing, retiring from or downsizing a business can be stressful enough without staring at unused vehicles every morning wondering what to do with them. Those trucks helped the business earn money while they were working. Now they may have one final job left to do: turn themselves back into cash.
Let TruckBuyerUSA.com help you get them sold and get one more item permanently crossed off that closing-business checklist.
