There are many reasons to invest your hard-earned money in a used tow truck, but the best reason is that brand new tow trucks cost a king’s ransom – over $100,000 for a medium-duty wrecker.
If that wrecks your budget, consider that a well-maintained wheel-lift or flatbed tow truck can last for 400,000 miles or more. If you purchase or lease a used tow truck that has 150,000 miles on the odometer, you’re getting a teenager, a tow truck that hasn’t even hit its stride yet. That truck can be reasonably expected to deliver another 150,000 miles. At the national average of $5 per mile loaded (with a car in tow), and estimating that half your miles will be loaded, that’s a whopping $375,000 in potential earnings.
Bear in mind that an automobile with 150,000 miles on the odometer is on it’s last legs, while a tow truck with 150,000 miles is just getting it’s second wind!
But you have to know what you’re doing, and you need to bring along a seasoned and certified truck mechanic to inspect the vehicle thoroughly. You cannot even think about buying a used tow truck without taking it for a few “test” tows, making sure the towing mechanism and hydraulics are working perfectly.