Food trucks are a wonder for many food enthusiasts, as they get to sample new cuisine and discover new favorites from their local neighborhoods. However, people starting their business have to make many significant decisions, such as the type and age of the vehicle from which they would start the eatery.
The debate on whether new food trucks are better than used ones and vice versa is a never-ending battle, and it’s more than understandable — the answer isn’t as straightforward as you’d think.
Choosing Between a New and Used Food Truck
The food truck industry is alive and well. In 2023, there were 52,624 food truck businesses in the United States, a significant increase of 18.4% from 2022.
While the cost to start these businesses is relatively high, almost every metropolitan area has a strong food truck presence, and there is a strong interest in partaking in it as well. Wages, purchases and utilities are some of the top parts of the cost structure. Choosing between a new and used food truck would also influence a company’s financial standing at the beginning of its operations.
The Case for Used Food Trucks
Used food trucks refer to changed and modified vehicles from which previous businesses have already operated. Here are the benefits:
- Affordability: Startups will likely have to be conscious of how they manage their capital, which makes a used food truck incredibly appealing. An older unit can cost around $50,000, which is double or even triple the savings compared to the price tag of newer models.
- Ready to use: Used food trucks will likely have kitchen equipment and layout sorted out, which helps you get it on the road as soon as possible. You may have a headstart in the interior compared to getting a new food truck.
- Brand-new connections: Purchasing a used vehicle from a previous food truck business owner means gaining a helpful point of reference. You can ask them about their experience running a mobile eatery or seek advice about how you should approach operating yours.
As appealing as used food trucks are, it comes with a few considerations that owners need to address. Here are the downsides:
- Health inspection concerns: Running a food truck and serving the general public will mean having a health inspection. While used units are capable of meeting regulations, there may be unforeseen features you haven’t been aware of.
- Resale value: Food trucks, like other kinds of trucks, depreciate after taking them off the lot. The first few years of service impact the future resale value, especially as automotive manufacturers release brand-new models.
- Durability: Food trucks usually sit in one place. However, since business owners need to drive them back and forth, you can expect the mileage to differ from what a newer vehicle would offer.
The Reality of New Food Trucks
New food trucks are units that have never been touched, typically obtained at a dealership. Here are the advantages:
- Better appearance: If you’re about increasing external appeal, a new food truck may give a better impression than a used one. It’ll be free from scratches and well-polished, potentially grabbing the attention of prospective customers.
- Customization options: A new food truck means getting a clean slate where you can do whatever you want. You get to choose what kind of kitchen equipment and layout you want to integrate into the space.
- Stronger warranties: A new food truck will also have a warranty. Used options may also offer one, but it may have expired already. Your coverage can save you money on earlier repairs and replacements.
Numerous pros to new food trucks give it an edge over newer models. However, there are also disadvantages, such as:
- Higher costs: There’s little to sugarcoat about the pricing — you can expect newer food trucks to be more expensive. However, some people may be able to justify the bigger investment since they’re getting a newer unit.
- Traditional selling process: Getting a new food truck from the dealership will entail a formal selling process. You may have to adhere to stricter financing options for this unit, though there is extra security in its legitimacy.
- Applying for NSF certification: The National Sanitation Foundation is in charge of inspecting the safety and sanitation within the food service industry. It’s important for food truck businesses to get certification for food equipment materials.
The Final Verdict
Choosing between a new or used food truck is undoubtedly an important decision. It all depends on your current situation and what your priorities are. If you want to focus on upfront pricing, a used food truck is likely best. It’s also vital to compare food trucks beyond their age. Check out the vehicle type and mileage to see whether it fits your needs.
Other Options
Purchasing a new or used truck is one of the best options if you want to pursue a food truck business. However, if you’re still on the fence about diving into the industry full-time or just want to keep it as a side hustle, leasing is also possible.
You can save on rates by renting a food truck unit for a specific period while pursuing the business. However, you will have to face a lack of ownership, which can limit your ability to customize the layout, add kitchen equipment and more.
Find the Home for Your Food Truck Business
Running a food truck is rewarding, especially once you iron out the logistics and finalize where you’re operating from. Once you decide between new or used options, you can start implementing your food truck business plan.
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