--- title: How to buy a used truck in a tight market description: Buying a used truck is a great option but the market for used trucks is tight. Here’s how to buy a used truck in a tight market. image: https://blog.intekleasing.com/hubfs/Skid%20Steer%20Dump%20Truck.jpg --- [Skip to content](https://blog.intekleasing.com/how-to-buy-a-used-truck#main-content) [![Intek Leasing Logo](https://blog.intekleasing.com/hs-fs/hubfs/Intek%20Logos/INTEK_LOGO_V1_BLUE.png?width=273&height=100&name=INTEK_LOGO_V1_BLUE.png)](https://blog.intekleasing.com/) - [Resources](https://blog.intekleasing.com/) Open main navigation Close main navigation - [Resources](https://blog.intekleasing.com/) - [Contact us](https://www.intekleasing.com/) [Contact us](https://www.intekleasing.com/) Apr 12, 2024 11:34:05 AM # How to buy a used truck in a tight market [Intek Leasing](https://blog.intekleasing.com/author/intek-leasing) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.intekleasing.com/how-to-buy-a-used-truck) [envelope icon](mailto:?body=https://blog.intekleasing.com/how-to-buy-a-used-truck) ### Buying a used truck has always been great option, but the market for used trucks been anything but normal over the past 4 years. #### Below are few really simple steps to getting the truck you want when the market is tight. ##### Get Pre Approved If you’re pre-approved, you’re a cash buyer which gives you more leverage in the negotiation with the seller. You’ll also know what price range and year you’re approved for. You don’t have to buy the truck you are pre-approved for either. You can take your pre-approval and buy a different truck if you want. ##### Put Down a Deposit Found the perfect truck?  Offer the seller a $500 or $1,000 deposit max. This shows the seller that you’re serious and that you have your finances in order. A good financing company will pay for the truck in a few days. ##### Make Life Easy for the Seller The buyer or financing company should create the bill of sale. If there is a lien, get that paid off and pay the lender. Bring a cashier’s check or offer to wire the funds directly into their account. ##### Find a Buyer for Your Truck If you are going to sell an existing truck, put that up for sale before you find your new truck. Too many times we see people will find a truck to buy and then they have to scramble to sell their old truck. Oftentimes this means they will get less money because they are in a hurry to sell.  By putting your truck up for sale first, you will understand the market for your truck.  Tell the buyer of your truck that you will sell your truck when you find a new truck. This gives the buyer time to get financing or come up with the funds.  ###### Looking to add another truck or piece of equipment [learn more about our Pre-Approval process here](https://info.intekleasing.com/intek-financing-contractor) or give us a ring at 973-403-7788.   [lease financing](https://blog.intekleasing.com/topic/lease-financing) ## Related posts [![](https://blog.intekleasing.com/hs-fs/hubfs/Used%20Truck.png?height=200&name=Used%20Truck.png)](https://blog.intekleasing.com/the-ultimate-guide-to-buying-a-used-truck) ## [The Ultimate Guide to Buying a Used Truck](https://blog.intekleasing.com/the-ultimate-guide-to-buying-a-used-truck) [Intek Leasing](https://blog.intekleasing.com/author/intek-leasing) May 10, 2024 3:34:08 PM Purchasing a used truck from a private seller requires that you know what you’re doing and follow... [Read more](https://blog.intekleasing.com/the-ultimate-guide-to-buying-a-used-truck) [![Blog Post - 3 - What to Ask When Buying Used - 6_23_17.png](https://blog.intekleasing.com/hs-fs/hubfs/Blog%20Post%20-%203%20-%20What%20to%20Ask%20When%20Buying%20Used%20-%206_23_17.png?height=200&name=Blog%20Post%20-%203%20-%20What%20to%20Ask%20When%20Buying%20Used%20-%206_23_17.png)](https://blog.intekleasing.com/questions-to-ask-buying-used-commercial-truck) [Used commercial trucks](https://blog.intekleasing.com/topic/used-commercial-trucks) ## [4 Questions to Ask When Buying a Used Commercial Truck](https://blog.intekleasing.com/questions-to-ask-buying-used-commercial-truck) [Intek Leasing](https://blog.intekleasing.com/author/intek-leasing) Jun 23, 2017 4:46:50 PM By now you’ve decided to go with a used commercial truck to maintain your fleet. But before you say... [Read more](https://blog.intekleasing.com/questions-to-ask-buying-used-commercial-truck) [![2001 peterbilt used.jpg](https://blog.intekleasing.com/hs-fs/hubfs/2001%20peterbilt%20used.jpg?height=200&name=2001%20peterbilt%20used.jpg)](https://blog.intekleasing.com/4-benefits-of-a-used-commercial-truck) [Used commercial trucks](https://blog.intekleasing.com/topic/used-commercial-trucks), [Commercial truck leasing](https://blog.intekleasing.com/topic/commercial-truck-leasing) ## [4 Benefits of Leasing a Used Commercial Truck](https://blog.intekleasing.com/4-benefits-of-a-used-commercial-truck) [Intek Leasing](https://blog.intekleasing.com/author/intek-leasing) Jun 12, 2017 9:49:25 AM One of the Peterbilts pictured above is new. The other is a 2001 model. Not easy to tell the... 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