Buying a used truck on credit or lease

Buying trucks on credit or lease, whether for individuals or businesses, is a great way to renew a fleet with minimal expense. There's no need to pull millions of hryvnias out of your working capital at once, or to go to a bank to get extra financing for a truck lease. You can buy a new or used truck on lease and, from the very first days of using it, start earning income and paying your monthly installments out of that income.

Why buy used trucks?

Used trucks are undoubtedly a cheaper option compared to new ones. It's a fraction of the sum, which is much easier for a business owner to afford. When you buy older trucks, you can build a much larger and more varied fleet. It's true that older vehicles carry a higher risk of various faults and need more frequent checks, but the price is worth it. Trucks are built to last a genuinely long time, covering hundreds of thousands of kilometers around the world – and that's worth taking advantage of. To choose the right used truck, it's worth visiting a trusted mechanic for a visual inspection – only then can you be confident in the vehicle. You can also choose another route – buying from a trusted, reliable used-truck dealer!

Looking for reliable trucks for your business or personal needs? tirkomis offers a wide selection of trucks, vans and special equipment from leading global brands. We carry trucks for every purpose – from small delivery vehicles to powerful tractor units that meet today's standards of reliability and quality.

What to know when buying used trucks on credit or lease

Buying used trucks on credit or lease requires you to take several important aspects into account:

• Condition of the vehicle: Have a qualified mechanic assess the truck's technical condition. Pay attention to mileage, and the state of the engine, gearbox, body and running gear. Check the service history.

• Lender requirements: Banks and leasing companies may set limits on the age and mileage of the vehicle. They usually finance trucks no older than 5-10 years.

• Documents: Check the vehicle's legal standing. It's important that it isn't under seizure or pledged as collateral.

• Credit or lease terms: Compare interest rates, repayment periods, the down payment amount and any extra fees. Under a lease, the leasing company remains the legal owner of the vehicle until the contract ends.

• Insurance: Most lenders and leasing companies will require full (CASCO) and third-party liability (MTPL) insurance.

• Cost of ownership: Factor in taxes, fuel, repairs and maintenance, which can significantly affect your total costs.

• Early repayment option: Check whether this option is available, and whether there are extra penalties for it.

• Pros and cons: Credit gives you full ownership right after purchase, while leasing lets you lower upfront costs and often offers simplified tax administration.

• Financial stability: Make sure your business can reliably cover the monthly payments.

• Dealers and partners: Choose reliable equipment suppliers and financial partners with a good reputation.

To make sure your purchase of a used truck is safe and worthwhile, it's worth turning to **FinCar** – Ukraine's No. 1 auto-financing company.

How is the purchase of trucks on lease or credit arranged?

A lease agreement is arranged in several steps:

• You fill out a form.
• You receive a preliminary decision and consultation from the company.
• You choose the specific vehicle.
• You sign the credit/lease agreement.
• You pick up the vehicle.
• A full, detailed description of the whole process can be found in the customer roadmap from **FinCar**.

Which is better – lease or credit?

The choice between leasing and credit depends on the form of your business, your financial situation, and your goals.

Leasing lets you use the vehicle without having to purchase it outright, with the option to buy it out at the end of the contract term. This is convenient if you want to reduce upfront costs.

Credit suits those operating as a sole proprietor (FOP) or a legal entity who plan to become the owner of the vehicle right after paying the down payment.

Specialists will help you choose the optimal option based on your needs and financial capabilities.

Benefits of buying used trucks on credit or lease

You could spend a long time weighing whether it's better to buy a new or a used vehicle. Both options have their pros and cons. A new vehicle is a guarantee of trouble-free operation, but older models in good technical condition can be just as good as new ones. The older a used truck is, the higher the risk of a fault, so when choosing such a vehicle it's better to consider a truck under 5 years old, so that its operating costs don't exceed the cost of buying it. A younger age is, in most cases, a guarantee of lower maintenance costs. It's also worth looking for a trusted and recommended used-vehicle seller. A used vehicle is the recommended solution for people who want to expand their truck fleet at a lower cost. Frankly, few people can afford to buy vehicles at a dealership, and given the wide range of used vehicles available on the market today, that isn't even a cost-effective decision. Good-quality vehicles boost a company's competitiveness on the market and affect our safety on the roads.

Consultation and support

New trucks are flawless, but they cost a fortune! It's worth having a larger fleet of used trucks and earning money with them. The tirkomis team values your time, so we offer a convenient online catalog where you can browse the available trucks, find out their specifications, and place a preliminary order. Our specialists will offer advice, help you choose the best option, and tell you about the available financing options.