Benefits of Buying Used Cars – See Our Inventory at Toyota of Dothan

Buying a car that is slightly older will offer a number of benefits you simply can’t experience if you buy a brand new vehicle. For many people, your car is the second largest purchase you’ll ever make, right after your home. You can keep some of your hard-earned money in your pocket without sacrificing quality when you buy a used car.

 

Less Depreciation on Used Cars Means Lower Price Tags

 

New cars lose thousands of dollars in depreciation as soon as you drive it home after you buy it.  If you tried to sell your new car soon after purchase, you would probably take a loss. A used car, on the other hand, has already experienced that rapid depreciation. The price tag on used cars is lower and you won’t take a huge loss on depreciation when you buy used.

 

Reduced Dealer Fees

 

When you buy a new car, dealerships have to recover their costs for shipping charges, preparing the vehicle for sale, and destination fees. When you buy a used car, you don’t pay for those dealer fees, and instead just need to visit the DMV to take care of the tag, title, and registration fee.

 

Reduced Registration Fees

 

Most states charge registration fees based on the value of the vehicle and the model year. Often, the price of registration is highest during the first three to five years of new car ownership. When you buy used vehicles, you can save a few hundred or even thousands of dollars on the registration costs of a new vehicle simply by purchasing one that is three or more years old.

 

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