Used Toyota Inventory | Get Pre-Approved | Schedule A Test Drive
Buying a used car can feel riskier than buying a new car. But if you're buying Toyota, there are many good reasons to buy used. Check out some of these reasons and then visit Northcutt Toyota in Enid, Oklahoma, for a closer look at our high-quality inventory of used and certified pre-owned vehicles!
Lower Monthly Payments and Fees
Buying a used Toyota can save you money in many ways. In addition to the lower sticker price - leading to lower monthly payments - you also benefit from lower tax and registration fees, as these are based on the purchase price. And if you finance, a smaller loan will cost you less on interest over the course of the loan. But it doesn't stop there. Insurance companies are likely to charge you a lower premium to cover a used car than a new one. All in all, this can add up to a lot of money saved compared to buying new.
Less Depreciation Makes for a Better Investment
When you buy any new vehicle, that vehicle's value tends to drop significantly as soon as you drive it off the lot, and continues to lose a lot of value over the first few years. Most cars are only worth about half of their original price after three to five years of ownership. After that, cars continue to lose value - but a lot slower.
In other words, if you buy a car after it's been broken in for a few years, it represents a better investment, because it won't lose as much value over time. So if you get back on the market later on, you can get back a bigger portion of what you paid than if you had bought the vehicle new. And with Toyota models like the Tundra or RAV4, it gets even better. They hold their value better than the average car, making them even better investments.
More Options Than New Cars
When you buy a used car, you get a lot more options than when you buy new. That's because instead of limiting yourself to a single model year, you have the entire range of past model years to choose from. Countless paint colors, styles, amenities, and prices are yours to mix and match. New cars don't necessarily have the features you're looking for, and you might be particularly enamored with an old style that is no longer being made.
Additionally, used Toyota cars often have features that remain relevant for a long time. Because Toyota is often ahead of the curve when it comes to safety, even a used ride may still have advanced safety technologies only now being offered in new cars by competing brands. For example, the 2016 Toyota Sienna is offered with Toyota Safety Sense™ features including a pre-collision system and dynamic cruise control. It took years for many other manufacturers to make similar features available.
Toyota Quality is Long-Lasting
Toyota is consistently rated as one of the top automakers for reliability. Every year, Consumer Reports ranks Toyota near the top, or at the top, of all car brands for reliability. And according to automotive research firm iSeeCars.com, Toyota vehicles are the most likely vehicles to reach 200,000 miles or more. So when you go out to buy a used Toyota Corolla or Camry, you can feel confident in the quality of your purchase and have the peace of mind that despite being used, your new-to-you car will last for a long time to come.
There are many advantages to buying used, and even more advantages to buying a used Toyota. Visit Northcutt Toyota in Enid, Oklahoma, to find the ride that checks all of your boxes.
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