Matthews Area Toyota Asks: Should You Buy a New or Pre-Owned Vehicle?

May 23, 2013

Your Matthews area Toyota has plenty of new and pre-owned vehicles, so it wants to make sure you have considered your options before making a purchase. Depending on your needs and budget, you might find that one option fits you better than the other.

What Are the Advantages of Buying Pre-owned Cars?

Pre-owned cars cost less than brand new ones. That’s the biggest advantage.

When you choose a pre-owned car, you can also save money on insurance. Insurance providers usually have lower prices for older cars.

What About the Disadvantages?

If you buy a pre-owned car, you could inherit problems that you don’t know about. Most dealerships do their best to help buyers make informed choices. On occasion, though, a clunker slips through the cracks.

You might also find that it’s harder to sell a pre-owned vehicle when you want to buy your next car.

What Are the Advantages of Buying New Cars?

With a new car, you get the newest features that Toyota offers. That often means better performance, fuel-efficiency, and safety.

You also get the advantage of knowing that your car has an extensive warranty. If something goes wrong, you’re protected.

And the Disadvantages of Buying New?

New cars cost more. If you don’t have a big down payment, you could end up spending a lot of money on loan interest.

New cars also depreciate quickly. As soon as you drive it off the lot, it’s worth less than when you paid for it. That rubs some frugal people the wrong way.