Ready to upgrade from your current ride into something newer or will fewer miles? Replacing your old car, SUV or pickup doesn't mean you have to spend tens of thousands of dollars for a brand-new model. While there are certainly some great perks to buying new, there are also significant benefits that come with buying used, especially if you're looking for a great deal or an affordable option. Here at Venice Toyota, we've got a superb selection of quality used vehicles in our inventory. If you're not sure whether to buy a new or pre-owned vehicle, then find out if buying used is the right choice for you by reading on and contacting our dealership team!
The most obvious benefit of choosing used over new is affordability. Because a pre-owned car costs less than a brand-new one, you'll save money upfront on your purchase. So no matter if you're paying cash or you need to take out a loan, it will be easier to manage the costs compared to a new car. For instance, your down payment and monthly payments can be significantly lower when you opt for a used car. If you're thinking of paying cash for your next vehicle, purchasing used will be easier on your wallet, too! When you opt for used, you may be able to get a nicer vehicle with more features than if you had shopped for a new one.
You'll find that insurance for a used car is also more affordable. Insurance rates are calculated based on the value of your vehicle, so since used cars are less expensive than new, insurance will also costs less.
When you buy a new vehicle, it loses a lot of its value in the first few years of ownership. While depreciation is ongoing, the steepest depreciation occurs in the initial years. By the time you buy a used car that's at least a year or more old, it should have already experienced this steep decline in value. Because of this, you'll pay less and won't lose as much to depreciation going forward!
Models regularly become discontinued in the automotive industry, typically after five to seven years from their initial release. This fact won't affect your buying decision when you shop for used models, since you're not necessarily looking for the very latest model year vehicles anyway. You'll also be able to shop from a variety of makes, models, trim levels and features that may no longer be available when shopping brand-new vehicles. Buying pre-owned gives you more options since you're not limited to the features, trim levels and packages offered on a single year of vehicles.
If you're interested in purchasing a used vehicle, then shop our website now and stop by Venice Toyota for a test drive today. We have a large variety of pre-owned options from many makes for you to choose from, so come visit us at our Venice, Florida, dealership. We're here for nearby Sarasota, FL, area motorists, so don't wait to reach out to our sales and finance staff for assistance!