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Comparing New and Used Step Vans

What’s the difference in a new and used step van, besides the obvious – price? Let’s take a look at a comparison on benefits, disadvantages, features and pricing for both new and used step vans. Let’s begin comparing new and used step vans now!

Comparing new and used step vansPros & Cons When Comparing New and Used Step Vans

NEW STEP VANS

New Step Vans obviously carry a higher price tag than the used options. New step vans range from $50,000 – $80,000, depending on several factors, which we will discuss below.

ADVANTAGES:

  • Full factory warranty – bumper to bumper
  • Reduced down time (brand new vehicle, so essentially nothing should go wrong)
  • No previous vehicle maintenance history
  • Brand new – essentially zero miles
  • Finance term is longer
  • Potentially lower finance rates on new step vans
  • Nationwide delivery from MAG Trucks

DISADVANTAGES:

  • Cost (but with the higher price tag comes owner peace of mind that the truck is covered under warranty, and should have few issues to begin with)
  • Potential lead time of receiving a new step van
  • If an issue arises, a disadvantage could be dealing with OEM and the certified service department’s lead time
  • If your maintenance hubs for warranty work are not within your immediate area, you may have to travel to reach one.

    Comparing New and Used Step Vans

USED STEP VANS

Used Step Vans are a most cost-conscious options, as the price range is between $20,000 – $40,000. See the pros and cons listed below.

ADVANTAGES:

  • Cost (lower cost upfront)
  • 3rd party warranty options
  • MAG Trucks is a preferred trusted vendor
  • Better chance for finance approval due to the lower principal amount
  • MAG Trucks offers nationwide delivery
  • More variety for maintenance hubs
  • Faster turnaround time, as MAG Trucks has a lot of used truck options
  • View inventory and truck specific truck information online

DISADVANTAGES:

  • Unsure of potential vehicle maintenance history
  • Purchase of the step van does not include a factory warranty
  • Niche market, resulting in harder to find used step vans
  • Financing will typically be shorter terms

 

As you spend some time comparing new and used step vans, make sure you have a list of what you value as the most important factors. Does price rank? Is reduction of down time critical? Is maintenance hub proximity critical? Is turnaround time? The MAG Trucks website has all of our new and used step vans available to browse. Contact us if you have any additional questions!