Perks Of Buying Used Cars
When it comes to buying your next vehicle, you've likely received a lot of conflicting advice from friends and family. It can be a confusing time, but it's also exciting. One of the many questions you're likely facing is whether you should buy new or used.
Both options come with great perks. However, for some consumers, buying used might make more sense. Here at Toyota of Dothan, we want our customers to make the most informed decisions possible. Check out the points below to see if buying a used vehicle is right for you!
AffordabilityOne benefit that immediately comes to mind is affordability. A used car is objectively cheaper than a new one. This means that if you take out a loan, your down payment and monthly payments will be much more manageable than for a used car. It's also easier to pay for a used car all at once, meaning you wouldn't even have to worry about paying on it monthly. Buying used could also potentially mean spending less for more features, or for a nicer model than what you had before.
Lower Insurance RatesIn addition to lower monthly payments, you'll find that protecting your used vehicle will also be much more affordable. Insurance rates are calculated according to the value of your car, and since used cars are cheaper, so is their insurance.
Slower DepreciationA new car loses a big chunk of its value within the first few years of ownership. While depreciation is a constant process with cars, it tends to level out more after those years. A used car will likely have already gone through this steep decline in value by the time you buy it, which means you pay considerably less.
OptionsModels get discontinued fairly often in the automotive industry, sometimes even ones that we may love. When you buy used, that becomes much less of an issue. Additionally, you can find cars with different trims or features that may no longer be available on those models. Buying used is all about options, because you aren't limited by the features and trims of a single year.
Interested in purchasing a used vehicle? We've got a large variety for you to choose from, so come visit Toyota of Dothan at 2285 Ross Clark Cir, Dothan, AL 36301 for a test-drive. We proudly serve customers from Ozark and Enterprise!