Perks to Buying a Used Car

 

If you know that you need to purchase a vehicle in the near future, then the question might come up about whether to buy new or used. While both options have their distinct advantages, used vehicles make sense for many car-buyers coming through our doors for many reasons.

If you’re curious about the perks of buying a pre-owned vehicle, keep reading, and hopefully we can help keep you informed about what decision would work best for you.

Affordability

Being able to afford a vehicle is important. For the most part, 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 lower than for a new 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 possibly mean spending less for more features, or for a nicer model than what you had before.

Lower Insurance Rates

In addition to more manageable monthly payments, you’ll find that insuring your used vehicle will also be more affordable instead of a new one. Insurance rates are calculated according to the value of your car, and since used cars are cheaper, their insurance is as well.

Slower Depreciation

A new car loses a large portion of its value within the first few years of ownership. While depreciation is a continual process with cars, it tends to plateau after a few 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 substantially less.

Options

Models get discontinued reasonably often in the automotive industry, sometimes even ones that we may really like. 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 choices, 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 us at Bob Richards® Toyota at 5512 Jefferson Davis Hwy, North Augusta, SC 29841. We look forward to serving customer near Augusta, Milledgeville and Macon, GA, and the CSRA.