What Is the Average Price of a Commercial Truck?

Commercial Truck Pricing

What is the average price of a commercial truck? Truck prices can fluctuate depending on numerous factors, including the age of a truck, the features it comes with, and even the state of the overall economy. Your individual needs may either drive you to pay more than the average or less than the average. However, it’s still important to know, so you have an idea of what you may pay for your truck. After all, trucking is a lifestyle, and your truck is one of the biggest parts of that lifestyle. In this article, we’ll answer the question, “What is the average price of a commercial truck?” and what informs truck prices.

Truck Prices

What is the average price of a commercial truck? Truck prices fluctuate, depending on multiple factors, including the age, features, and condition of a given truck. On average, you could look to spend between $100,000 and $200,000. Now that you have learned the answer to this question, “What is the average price of a commercial truck?” let’s break it down a bit more. 

Deciding whether you want to buy a new or a used semi truck can affect your truck prices. A new truck can cost you about $100,000 on the low end, $150,000 in the mid-range, and about $200,000 for a top-of-the-line truck. A used semi truck can cost about $35,000 on the low end, $100,000 for a mid-range truck, and $180,000 for a high-end truck. If you want extra features at a lower price point, a used truck is a viable option. Many used trucks are high quality and will last you many years.

Other Costs

Truck prices often don’t end when you make a purchase. As soon as you buy a truck, you become responsible for the upkeep and miscellaneous costs to keep it on the road. New trucks come with a warranty, but used truck repairs need to be paid for out-of-pocket. You will need to pay for fuel whether you buy used or new, but on average, new trucks are more fuel efficient than older ones. Licensing, permits, commercial trucking insurance and details, and certain trucking taxes are also costs you need to consider. 

How Much Does a Semi Truck Cost?

So, how much does a semi truck cost? What is the average price of a commercial truck? As an owner-operator, you stand to make a good amount of money with the right truck. Is this the right move for your career? Although learning the answer to the question, “How much does a semi truck cost?” can be intimidating, the investment will ultimately earn more in the long run. Here are the pros and cons of becoming an owner-operator. Knowing the answer to the question, “What is the average price of a commercial truck?” can help you clarify whether becoming an owner-operator is the right move for you.

Pros

The biggest pros of being an owner-operator are freedom and profitability. Buying your own truck might be expensive, but you will have the freedom to create your own schedule and routes. You own all the money you earn and have the freedom to choose what you do with it. You will likely invest much of it back into your business, but ultimately as an owner-operator, that is your choice. Owner-operators often earn a larger share of profits than truck drivers working under a company. If you control a job, truck, contract, and delivery, you are reasonably entitled to a majority of the profits.

Cons

Owning your own truck and creating your own routes is a lot of responsibility and has very high startup costs. It can also take up a lot of your time. You may have the freedom to create your own routes, but you will need to do behind-the-scenes work for functionality. You will need to find clients, and negotiate contracts and hauling. On top of that, costs might run higher than expected and you’ll need to cover them. With clarity on the answer to “What is the average price of a commercial truck?”, you likely already recognize some associated costs. However, you may also need to pay to maintain your truck and other miscellaneous costs. 

Are Truck Prices Going Down?

Buying your own truck is not a purchase to be made lightly. Is there any relief in sight? Are truck prices going down? The answer is yes, but they were at an all-time high previously. When the COVID-19 pandemic was at its peak, truck prices also reached a peak. This peak was over 80% higher than normal at the time. Although current prices can still run higher than pre-pandemic prices, they are steadily dropping. Component shortages are the driving force behind the previous price increase. As suppliers continue to recover from the shortages, and producers can make enough trucks to meet demand, the prices should continue to stabilize. These economic forces can have major effects on the answer to “What is the average price of a commercial truck?”

Affordable Trucks From Handshake Fleet

Although the answer to “Are truck prices going down?” is not currently as certain as desired, you can be certain of a good deal with Handshake Fleet. We have new and used trucks available for purchase at all budgets. We have trucks to fit all your needs, including day cabs, sleepers, dry vans, and reefers. If you need to sell a truck, we also have you covered. We connect buyers with sellers using exceptional customer service. Find a truck today by paying a visit to Handshake Fleet. We’re always happy to answer any questions you have.