How can I find the value of a commercial vehicle?

I want to buy a Ford E-450 box truck for my furniture restoration and antique business. However, I can't find a value for the vehicle. Because I'll need to finance, I want to get its value ahead of time to avoid overpaying. How can I find the value of a commercial vehicle?

Answer
“To find the value of a commercial vehicle, you can check online listings, like Kelley Blue Book or Edmunds. They’re both free to use, but other services or sites may charge a fee.
If you don’t want to pay or can’t find the value through a free listing, you can take the vehicle to a mechanic or ask for an appraisal at a commercial truck dealership.
If you decide to pull the trigger on the truck, make sure to get the proper car insurance to cover commercial use. Lenders will require higher coverage for a financed vehicle in order to protect their asset.
Higher coverage can be pricey, but you can save money by comparing rates, just like how you’re comparing loan rates. Using a smart comparison tool like Jerry can help save you time researching. Jerry does all the hard work for you, pulling quotes from the top 50 companies and delivering the best deals to your phone in minutes.”
avatar
Eric Schad
Answered on Aug 10, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.