04 May How Much Does a Tow Truck Cost?
Are you thinking of buying a tow truck? Well, you would then be searching how much a tow truck costs. On average, flatbed, integrated, and wheel lift tow trucks cost anywhere between $40,000 and $850,000.
We have done the research for you to determine the best tow trucks you can get for your desired price range from reputable dealers. It is wise to understand what you are getting into in terms of monetary commitments before hitting the shops for a tow truck.
What Is The Cost Of A Flatbed Tow Truck?
A brand-new medium flatbed truck costs anywhere between $80,000 and $120,000. The heavy-duty models, on the other hand, can cost you $120,000 to $250,000. But, of course, the price also varies according to the engine type, manufacturer, dealer, and gross vehicle weight rating.
Depending on the heavy, light, or medium-duty job you want to handle, you may consider the ideal flatbed tow truck type. Determining your considerations from the outset and using financing options can considerably cut costs for brand-new trucks.
You can get free quotes for brand-new flatbed trucks at top US dealerships. But, also consider tow trucks that are on the cheaper side of the tangent. Other factors to consider when buying a tow truck are maintenance costs and mileage.
Prices of Other Tow Trucks
While flatbed trucks cover most towing jobs, you may need other options that have a bit more functionality. Alternatives to flatbed trucks include:
- Wheel-lift tow trucks
- Hook and chain tow trucks
- Boom trucks
- Integrated tow trucks
Hook and chain tow trucks are the most affordable options for the lot. Wheel lift tow trucks, boom trucks, and integrated tow trucks lie in the same price range costing a few thousand dollars more than the hook and chain tow trucks.
Boom and integrated tow trucks can cost you $65,000 to $115,000. Whereas Used models are cheaper, there is a possibility that some might come with all or some missing towing accessories.
Things to Consider When Buying Your Tow Truck
A tow truck investment shouldn’t be taken lightly. After all, you don’t come across $100,000 by chance. A proper investment pays off in the long run. Some important things to consider when buying your tow truck are:
- The gross vehicle weight rating determines the maximum weight of towed vehicles your truck can handle.
- Mileage if you are buying a used vehicle
- Accompanying accessories and their prices
- The manufacturer ultimately determines the engine’s strength and body
- The age of the tow truck for used models
- The accompanying certifications and warranties, if any
- The type of truck you want.
To get your towing business started, you may need to carry out every job that comes your way. You will mostly find site recovery jobs and in order to pull them off you will need an integrated tow truck.
Integrated trucks are expensive, but, there’s a workaround. You can purchase side puller add-ons and attach them to your flatbed truck. A blend of accessories and a multipurpose towing truck does the trick when working on a budget.
Sometimes you have to shell out the whole amount for unique towing jobs to guarantee customer satisfaction.
As mentioned above, Hook and chain tow trucks are the least expensive and obsolete of all the trucks. For towing jobs, they are not the best bet as they put a strain on the towed car’s bumper and add to the damage. Having such tow trucks in your fleet could turn your customers into other premier truck companies.
How to Reduce the Cost of Tow Truck?
Indeed, you do not need to splurge all your funds on purchasing a truck. Other elements of your business, such as rent, fuel, and employees, also require cash.
To ensure you’re getting good value for your money, you can purchase tow trucks and accessories separately. The smart spend tip here is to purchase accessories at lower prices to make the most out of this deal.
Used tow trucks are also a sure way to drive down upfront costs. Check the mileage and maintenance of a used truck to ensure it is up to par before buying.
How Can We Help?
We are West End Service, one of the top truck services in Maryland, providing residents with new and used tow trucks and accessories under one roof.
Get in touch at 1-800-425-4455 for a ‘no-obligation free estimate’.