Most of us want to be our boss by owning a business. However, due to many reasons, we can’t all fit in one category of being business owners. One of the businesses mechanics and those passionate about auto industry dream to venture is towing and wrecker business. Although this business is highly competitive and lucrative, starting it and running it efficiently is not a walk in the park.
One of the major constraint and hindrances to entry is the capital-intensive nature of the business, in relation to acquiring assets – the towing trucks. Depending on your credit score, you might have access to substantial sources of funding in the name of a loan. Regardless of the amount you get, purchasing new vehicles is very expensive.
However, that should not be a deal breaker to venturing into this business. Used tow trucks come in handy to save your business. Before committing to acquiring a used vehicle, here are some factors you need to put into your considerations.
Look at the towing capacity of the old truck you are about to acquire. The towing capacity is what the manufacturer sets as the maximum weight a vehicle can tow. Similarly, check with the curb weight of the tow vehicle, which is the weight when the vehicle is at full tank, but not carrying passengers or cargo.
Consider the wheelbase, which is the distance from the front of the axle to the rear of the tow vehicle. Wheelbase is very important in ensuring control and stability of the truck. Look at the drive systems to evaluate if it is a rear-wheel drive, four-wheel drive or all-wheel-drive.
Look at the transmission system to see if it favors you. Everyone has their transmission preferences, be it manual or automatic. Lastly, you would need to consider the tow package and chassis design.