If you're looking at buying a vehicle, you have a lot of options - not just in terms of make and model, but also whether you want to buy new or used. Used cars have always had a poor reputation, but the truth is that a used car can be every bit as reliable as a new car. When a used vehicle is sold through an official dealer with a certification program it'll be completely trustworthy. You may even get a warranty!
In truth, there are a lot of reasons to consider used cars ahead of new vehicles, especially when the economy is so tight. So, let's talk about why your next new car maybe should be a used car instead.
The biggest reason to pick a used vehicle is that you can save a lot of money. You could pick up a used car for as little as half what a new model costs, while still getting a car with a lot of years and mileage left in it. As long as you buy the car from a trustworthy source - like Brockville's favorite Toyota dealer, 1000 Islands Toyota! - you can feel good about the purchase.
Plus, if you're trading in an older vehicle, you can save even more money. And speaking of...
When you're buying a new vehicle from a dealer, they might act like there's room for negotiation, but there really isn't. Their purchase price is fixed, and the manufacturer typically has pretty strict guidelines on pricing. Most negotiations will center on what features and upgrades you install, rather than the actual price of the vehicle itself.
But with used cars, there's typically a lot more wriggle room on the pricing - especially if it's an older car that has been sitting around on the lot for a while. You might find a "hidden gem" tucked away that the dealer is willing to sell for cheap if you've got a keen eye.
Unless you're paying cash (and who is?) you'll likely have to get a loan to purchase a car. The more expensive the car, the harder it will be to obtain funding, particularly for people who don't have perfect credit. On the other hand, because used cars are cheaper, that means banks will be more willing to lend.
To be clear, this is only going to be true if you're buying factory-certified vehicles with guarantees behind them. Finding a loan to buy a car from a private individual can be more difficult.
Most major car manufacturers, including Toyota, have official certification programs that can be applied to any used cars their dealers sell. This means that the vehicle has been thoroughly inspected, with any major defects corrected, so that the used car will be nearly as good as new. Many such programs even allow for dealer warranties. We also provide CarProof reports that provide an extremely detailed vehicle history for each car.
This gives you substantial peace of mind as a buyer and ensures that your investment is money well spent.
To be clear, the pricing of car insurance is complicated and has a lot of factors involved, including the driver's age and accident history. However, all things being equal, it's typically going to be cheaper to insure an older car that's in good shape, compared to a brand-new model. Much of this just has to do with the overall value, since older cars are depreciated and won't be as expensive to replace if they get totaled.
For buyers on a budget, this can be another compelling reason to buy used Toyotas rather than new. Your monthly spend on the car could easily be lower, compared to a new model.
Speaking of depreciation, one of the less-appreciated benefits of buying used cars is that they're slower to depreciate. Basically, the value of a new car drops off steeply for the first couple of years, potentially losing 20% of its value just in the first year. Then, over time, the depreciation levels off.
So if you buy a car that's several years old, it's already seen the worst of its depreciation. The value drop-off will be much slower afterward. This means that if you later sell or trade the vehicle, it'll bring back a higher percentage of the money you paid, compared to a new car.
Finally, there's the matter of your own budget. You only have so much money to spend on a car, and you want to have as many options as possible, right? When you start looking at used cars in Brockville, you'll have a huge variety of makes and models available, and have a lot more choices than if you were only looking at new cars.
That's why you should make sure to visit a used car dealer with a wide selection, to give yourself the most possible choices. Plus, of course, you can - and should - test drive any car you're thinking about, so you'll be able to pick one that perfectly matches your needs, looks, and driving style.
1000 Islands Toyota isn't just the best Toyota dealer in Brockville - we also have a vast selection of used vehicles, including Toyotas as well as other makes and models. Thanks to our top-quality on-site repair shop, you can trust all our Toyota Certified Pre-Owned Vehicles just like you'd trust a new car. It's the perfect way to get a great Toyota vehicle while saving substantially compared to new models.
Stock is always changing, so please come visit our lot to see what we have! Or just contact us if you have any questions.