More and more truckers are choosing to overhaul their old engine rather than buy a new one; some even restore an older rig entirely instead of purchasing brand new. There are several reasons this option is becoming more attractive to truckers.
Reliability. It’s a known fact that older engines have a great track record for rate of repair and longevity simply because they’ve been around the block a few times. Newer engines, however, have yet to prove their record despite their innovations and design.
Simpler to Repair. Older engines are more easily repaired because of their simplicity. Much of these repairs can be done by the driver. Many new truck engines are computerized and difficult to work on yourself.
Less Expensive. Older trucks are not only easier to repair but are less expensive. You can save money by performing labor yourself and save time by not waiting for the shop, where rates can vary wildly between $45 and $125 per hour.
Newer Trucks Are Too Expensive. A new truck represents a serious investment of $140,000 to $175,000, along with a hefty monthly payment. Your cost increases when you add on the price of emissions equipment and DEF.
Simpler to Finance. It’s much simpler to get a smaller loan for an engine overhaul than it is to commit to a huge investment for a new rig. Those payments will be a lot less too.
Easy Exit Plan. Because of increasing job demands and rising equipment costs, the trucking industry can be uncertain, leaving you wondering how and when to retire. With huge monthly payments for that newer rig, it may be harder to quit driving when you want to. Without large payments, you can walk away when the time is right with a truck that’s already paid for.
In the past, buying a new rig was a great solution for a wasted engine. Now, however, new doesn’t always mean better.