Saturday, March 3, 2012

Should I Replace My Truck?

I Own a restaurant and catering company in Baltimore Maryland. We have 4 custom made catering trucks that cost apx. $35,000.00 each. Our oldest truck, a 94' dodge dakota is starting to have alot of problems. The transmission is starting to shift very roughly, it doesn鈥檛 have much acceleration. The hood is starting to rust, I need new ball bearings on the front two wheels, and just yesterday the rpm gauge started acting very weird and somestimes dosent move at all. My question, should I replace this truck with a new truck that will cost $37,000.00, or spend 10,000$ to totally overhaul the truck.

You can view pictures of the truck at:



http://sorrentoscatering.com/s_53.asp



It is the truck with the pink lettering.



ThanksShould I Replace My Truck?
If you buy a new truck I would still buy a Dodge. But if you repair your Dakota it will last for a long long time.Should I Replace My Truck?
Has your accountant considered the depreciation/tax effects? Suspect you've depreciated the truck years ago %26amp; question if you can apply the $10K overhaul...plus how much more money you gonna put in a 14 year old truck...what other things are gonna break/wear out? How many miles on the vehicle?

Does it have to be a truck? Minivan/van/crossover/station wagon conversion or even a tow behind trailer? Consider possible lease?

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