How to Compare Ownership Costs of New and Used Buses

There is no one, black and white equation for calculating the comparison of ownership of new vs used buses. There are many variables to consider based on your business needs and business plan. In very general terms, a new bus will cost more at the outset and less in maintenance over time. The used bus usually costs less initially but more over time. There are many nuances to this general idea, and some of these are what we are going to discuss today in our blog.

Outfitting

Depending on what how you need your buses outfitted, it is probably less expensive to do this with a new bus being built than a used bus that needs retrofitting. However, there is a time variable here, as new buses take longer to take possession of than used ones—and, of course, time is money.

Timeline

How soon do you need your bus? If you need it yesterday, then a used bus is probably your best bet because you can get it sooner, provided that you can find what you need.

Special Fuel

If you have some kind of special fuel requirements, you are probably going to have to invest in new, because the market is much smaller for finding a used bus with what you need. So, buying something cheaper that is used becomes moot if you cannot find it.

Budget

What is the capital budget for buying buses? Can you afford to buy new? Is there plenty of financing available? Or would you rather spend your money over time in maintenance once you are making lots of money? A new bus comes with a warranty which significantly defrays maintenance costs at the beginning.

This is such a complicated calculation, that we recommend that you establish a close relationship with a dealer before you buy anything. An experienced dealer can help you make the best decision.

We encourage you to contact us at our toll-free number (888) 416-9333 in Canada, if you would like to further discuss buying a van or bus. This is our business and area of expertise, and we can help you with anything bus related.

Dynamic Specialty Vehicles has been supplying and servicing mid-sized buses for over 30 years. With long-term contracts with demanding clients like BC Ambulance and BC Transit, Dynamic Specialty Vehicles knows how to keep their clients safe and their buses running smoothly.

If you have any questions about this article or would like further information about buses and/or services, please call us on our Toll-Free number, (888) 416-9333.