Average lifespan of a Truck – Here’s What You Need to Know
Trucks are used for various purposes including ferrying cargo, camping, towing, hauling and other functions. A truck’s lifespan expectancy differs from one make of truck to another. It also depends on how it is maintained and how many miles on average it does per year.
Several factors can contribute to a truck not living up to its life expectancy for example accidents, bad driving habits and negligence not maintaining the truck well).
The average lifespan of vehicles are mostly calculated using mileage or time duration since they were bought.
Why It Is Challenging To Estimate the Average Lifespan of a Truck
A truck has many components. Each of those components has a different lifespan. Therefore, the truck will last depending on how the components of the vehicle are being serviced. But definitely, a time comes when the truck will no longer be serviceable. And servicing it will not be justified because of many breakdowns.
Worth noting is that some components have high replacement costs while others are quite affordable.
How to Extend the Lifespan of Your Truck
It is essential for a truck to be maintained well and to be serviced as recommended by the manufacturer.
Proper maintenance is essential for its working efficiency and long lifespan.
You should be proactive rather than reactive in maintaining your truck by adopting a preventive maintenance system.
Ensure that the truck is serviced as recommended by the manufacturer.
Establish a Cleaning Routine
The truck needs to be cleaned regularly. The interior and exterior need to be maintained well. If yourself or members of your staff can not do the job, then get it professionally cleaned regularly.
Should you choose to clean the truck yourself, ensure, you have all the cleaning products and equipment including a vacuum cleaner, car shampoo among others.
You don’t need to wait until when your truck is being serviced to be inspected. Have a daily or weekly routine of checking major areas of concern in your truck including the truck’s tires and the engine. Also, watch out for strange noises from your truck.
Maintain your trucks engine in good working condition, and keep checking on all the fluids that can run out. The engine needs to stay lubricated at all times.
Recommended Air Pressure
Also, ensure that the truck’s tires always have the recommended air pressure. In addition, replace worn out tires as soon as they are un-roadworthy.
The alternator also needs to be inspected regularly in addition to the truck’s battery. Replace them if they get too old and are unable to sustain a charge.
Also, the truck’s lighting system needs to be maintained in good working order. Ensure that every bulb is replaced as soon as it blows. Lights are a safety feature and should never be neglected.
Other critical areas to be inspected regularly include the truck’s brake system, oil and air filters, spark plugs and suspension system.
Truck Warranty Period
A new truck usually comes with a warranty from the manufacturer. Most trucks come with a two year, 250,000-mile warranty. It is important to understand the warranty. Read the warranty before signing it so that you know your warranty coverage.
Extending the Warranty
When your initial warranty expires (which is usually 2years), it is crucial to extend the warranty. Do this by buying a new warranty for your vehicle from a warranty dealer. Most trucks can get an extension of between 4-5years with a 500,000-mile warranty.
New inventions usually render old models obsolete. New inventions include better fuel-efficient trucks and other new and unique features. Just like with electronics, even vehicles get outdated when new innovations and inventions are launched.
Your beloved truck, though it may be functional but may not have the latest technology. It is also not so easy selling an obsolete product. Most times you have to sell it at a throwaway price.
Luckily, newly invented models are usually quite expensive initially and unaffordable, giving old models ample time to be phased out.
Average Lifespan of Trucks
Different makes have a different lifespan. But generally, expect the trucks to last between 10-15 years.
I think well-maintained trucks can do about 200,000miles to 300,000miles before major repair issues arise.
After that, the trucks can continue operating until they hit about 700,000 to 1Million miles of which most can no longer run.
Every model of a truck has a different lifespan. Therefore, before purchasing any model of truck, try to get information about that particular model. See if you can get the information online.
Trucks are costly. If they are being financed through a loan, the load need to be paid within a reasonable time, within their lifespan. Knowing the average lifespan of a truck will help in understanding how to go about your financial decisions and investments from the truck business.
Therefore the financing period should as short as possible, and should be about 5years and below, during the peak performance of your truck.
A truck needs routine maintenance, parts replacement, tire replacement routinely.
Remember that even if you have a warranty, a serious accident can set you really back because of lost revenues among other issues that come with a crash. To sustain the maintenance of your truck, it is important to have a contingency budget plan as soon as you start operating it.
If your truck is a commercial vehicle especially, set aside a sum or percentage of the monthly collections for specifically replacing major components in the truck. This is so that when the time comes, and any major component needs to be replaced, you will be in a position to do so.
Initially when the truck is new, maintaining it will be a breeze. Take advantage of this period to save for the future repairs of the truck, when it is old.
If you are operating a commercial truck, remember that the vehicle will need a proper management system to be able to give you a good ROI.
It is not just about the long lifespan of your truck, but it is about whether you remain in business or not and whether you can meet all your financial obligations promptly.
Remember that there is more to maintaining a truck than merely managing its components. Your truck needs to make business sense. Therefore you need to manage all the major elements of a truck business to continue staying in business. They include truck collections, truck financing, personnel expenses, fuel consumption, tire replacement, insurance premiums and warranties among other issues.