When it starts to cost as much to fix a truck as it would to purchase a new one, it’s time to say goodbye. This rule of thumb guides many contractors to weigh the severity of the vehicle’s maintenance or performance issue against the value added from a newer model.
“Downtime costs a lot more than a new truck,” says Erik Sweetser, owner of Green Grass Lawn Care in New Hampshire.
The cold and snowy New England winters often take a toll on Green Grass Lawn Care’s fleet. When the resulting maintenance issues become too costly, recurrent or time consuming to fix, Sweetser looks for equivalent trucks to switch out for their old vehicles.
“We are looking to replace trucks that are starting to fail in their operations. There was corrosion in the wiring systems related to snow plowing that caused the trucks to go down too much and take us out of production,” he says.
While trucks with functional problems are the obvious candidates for upgrades, contractors should also evaluate their equipment from the inside out. Improvements in fuel efficiency, cab features and towing capacity are other enticing reasons to switch out a vehicle.
Read the full story in the September issue here.