Is Now a Good Time to Buy Used Vehicles? (Hint: Yes!) Here’s Why

If you’re in the market for a vehicle, you’ve probably asked yourself the question, “Should I buy new or used?” Don’t worry, you aren’t alone. Many potential car owners have had the same question.

Buying used vehicles can have huge economic advantages. If you’re looking for a safe financial bet, used is probably the way to go.

Why are used vehicle values usually more economical than new ones? Keep in mind, a new car loses 10% of its value the minute you drive it off the lot. Used cars don’t have this disadvantage, and as long as you keep them in good condition, you can resell them at a good price.

Read on for our FAQ regarding why you should buy used and how to search for used vehicles for sale.

Used Vehicles: FAQ

The consumer journey in buying a car comes with a lot of questions. We’re here to answer some of them and provide an overview of how and why to buy used.

Why Is It Better To Buy Used?

The most obvious reason to buy used cars is also the most common reason people do: the lower prices. On average, a new car is more than double the cost of a used one.

However, the lower prices aren’t the only reason to buy used. Many dealerships have begun to offer more certified pre-owned (CPO) vehicles. Automakers will place the CPO label on used cars they deem to be low-mileage and in good condition.

CPO is a type of warranty, and it extends the warranty on your used vehicle as well as adding extra perks like detailed inspections. Also, for qualified buyers, CPO programs offer better financing options (like lower rate loans).

You’ll also likely pay less for insurance when buying a used vehicle. So, not only is the cost of the actual car a lot lower than buying new, the additional costs you’ll incur are also lower.

When Is the Best Time To Buy Used?

Don’t wait until your car is on its last legs to start shopping for another one. Start your search a few months before you think you’ll need to buy a used car.

It’s also smart to hit the showroom (or sales lot) during the off-season. For example, if you live in a snowy area and you’re shopping for a convertible in December, you’ll likely get a better deal than if you bought it in July. This applies to shopping for vehicles with four-wheel drive in the summer, too.

What Steps Should You Take When Car Shopping?

Before you meet with a sales professional, take a look at online options. Then, head to a dealership and meet with a representative. They’ll take you through your options and provide personalized assistance.

Why Buy a Used Vehicle From Universal Toyota?

If you’ve decided to begin your search for used vehicles after reading our FAQ, look no further. Universal Toyota is dedicated to helping you find the best deal for a used vehicle.

Our used vehicles feature amazing pricing, low mileage, and a multitude of financing options. Contact us for more advice in getting started with your journey to purchasing a used car.