Are you trying to start a business that involves tow trucks? You’ll find that investing in owning equipment will be better in the long run, rather than renting. Read on to learn how much you can expect to spend on a tow truck.
How Much Does a Tow Truck Cost?
When starting a towing business, investing in the best equipment for your needs and budget is crucial. We’ll break down tow truck costs so you can determine the best course of action for your business.
Flatbed Tow Trucks
Flatbed tow trucks, also known as rollback trucks, are the most common type of towing truck. These trucks have long beds on the back where cars and other vehicles can be secured – you’ve probably seen them as you drive on the highway.
Flatbed tow trucks use hydraulics to move the bed up and down. They’re preferred for long-distance towing. With other towing equipment, two wheels from the car being hauled will be touching the road. This can cause wear and tear, especially when traveling far distances. A flatbed tow truck eliminates this wear and tear, which makes it perfect for vehicles you may be trying to keep in good shape.
Price of Flatbed Tow Trucks
New flatbed tow trucks will cost between $75,000 and $130,000. Financing options might be available to allow you to make payments over time.
Wrecker Tow Trucks
Most people that aren’t in the towing business will use the term wrecker and tow truck interchangeably, but in reality, a wrecker refers to a specific type of tow truck. When a wrecker is being used, two wheels of the towed vehicle will be touching the ground.
Wreckers are usually preferred when recovery is needed since they have a large boom and strong cable on the winch to allow access to more precise areas. In general, a wrecker can handle some of the heaviest-duty jobs. If you need to tow large trucks, buses, and more, a true wrecker might be your best option.
Price of Wrecker Tow Trucks
Wrecker tow trucks can range in price anywhere from $65,000 to $115,000. Your investment price will vary depending on if you need a boom, wheel lift, forks, or light bars. If you are hauling extremely large vehicles, a heavy wrecker could cost as much as $750,000.
Tow Trucks With Slide-In Wheel Lifts
Slide-in wheel lifts make it possible to convert a regular truck into high-quality towing equipment. Wheel lifts are best for towing small, lightweight, and two-wheel vehicles over short distances. They’re beneficial when a car is in a tight space or low parking structure since a traditional truck can fit into smaller spaces than a flatbed or wrecker tow truck.
Repo business owners would benefit greatly from investing in slide-in wheel lifts. You can shop around for a great deal on a pickup truck and pair it with a slide-in wheel lift and still pay significantly less than you would on traditional tow trucks.
Price of Slide-In Wheel Lifts
Slide-in wheel lifts are perfect for car repossession, roadside service, municipal towing, and more. After purchasing a pickup truck, you can expect to spend around $13,000 on the attachment.
The low upfront cost of the wheel lift can be recouped quickly since their ease of use and efficiency means you can fit more jobs into each day. Not only will you save money on equipment upfront, but you’ll also bring more money into your business!
In addition, the Minute Man can also be transferred to a different truck if you wear out or wreck the current truck. With traditional wrecker bodies, this could set you back drastically with additional costs.
Invest in the Minute Man XD Slide-In Wheel Lift
Are you looking for a new tow truck but worried about the total cost? Worry no more! A Minute Man XD Slide-In Wheel Lift is available at a significantly lower price than the traditional flatbed tow truck, and it offers many additional benefits. For more information, get in touch with the Minute Man team online. We’d be happy to assist you!
The material and information contained on this website is for general information purposes only. You should not rely upon the material or information on the website as a basis for making business, legal or other decisions.