4 Important Considerations When Buying A Used Passenger Bus

16 July 2020
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If your organization needs a bus, one of the best ways to purchase an affordable passenger bus is by purchasing a used bus. When you purchase a used passenger bus, there are a few things you need to carefully consider in order to make the best possible purchase.

Financing

First, you need to consider what your financing situation is. Will you be purchasing the bus with cash, or will you be getting financing from a lender?

If you are getting financing from a lender, you are going to want to secure pre-approval for a loan. This will allow you to see what type of budget you have to work with, which will further help you narrow down your purchasing choice. Having some form of financing will give you more options so that you can leverage as you negotiate to finance with the dealership or another lender.

Safety

Second, you need to consider the safety of any bus that you purchase. If you are going to use the bus to transport people, you are going to want to make sure that you choose a bus that has modern safety features.

With a passenger bus, that means you shouldn't buy a bus that is more than about fifteen years old. If you go back any further, the bus is not going to be designed with the same safety features you will find on most modern buses. If you are turning the bus into something else, like a stationary library, you can go with an older bus.

Legal Rules

Third, you need to consider where you are using the bus. Certain situations, such as using a bus for school transportation, require you to meet certain legal requirements for the bus.

Check and find out what the legal rules are for the type of bus you can use for the intended purpose. You don't want to invest in a bus that doesn't meet the legal requirements for the type of situation you are in.

Warranty

Finally, find out what type of warranty you can get on the bus. If the bus is not that old, it may still be covered under a manufacturer's warranty.

If the bus is past the manufacturer's warranty, you may be able to get the bus version of a certified used car, which means that the bus has been inspected by a professional and found to meet certain standards. Additionally, a certified bus should come with a warrant. When making such a big purchase, you want to have a warranty.

When purchasing a used passenger bus, you are going to want to figure out your financing options before you start your search. Find out if there are any legal rules about the type of bus you want to use for your business operation. Look for a bus that meets current safety standards, and that comes with a warranty.