Perks to Buying Used Cars | Lansing MI | Serving Williamston & DeWitt

When it’s time to replace your vehicle, there are several options worth considering. One of the basic but most important questions is whether you should buy new or used. There are benefits to both options, but for people in certain situations, buying used makes more sense. Read on to learn about some of the benefits to buying used.

Affordability

Objectively, a used car is cheaper than a new one. Because of this, your down payment and monthly payments will be much more manageable. It’s also often easier to pay in full up front for a used car, which lets you avoid monthly payments in the first place. On top of that, paying up front saves you from paying the interest that you have to when financing. And if the car is a more recent model than your current one, even buying it used is a potential upgrade because you could be spending less for more features.

Lower Insurance Rates

Not only is a used car more affordable, but the insurance on a used car is also more affordable. As mentioned, a used car is valued less than a new one. Insurance rates are based on the value of the car, and since used cars are cheaper, so is their insurance.

Slower Depreciation

A new car loses a significant amount of its value within its first few years. Depreciation is a constant process with cars, but it tends to level out after those first few years. A used car probably has already gone through this steep decline in value by the time you buy it, which is why used cars are considerably more affordable. But you won’t need to worry about the car’s value dropping radically because it already has. Its value continue to decline, but more gradually, so the feeling of lost value in your car will seem negligible in the long run.

Options

Models are discontinued fairly often in the automotive industry, even popular ones. When you buy used, it becomes much less of an issue to worry about what models are still available or being discontinued. Sometimes you can find cars with trims or features that are no longer available on those models. Buying used greatly expands your options in a car, because you aren't limited by the standard or available trims and features of a single year.

Interested in purchasing a used vehicle? We've got a large variety for you to choose from, so come visit us at Spartan Toyota at 5701 S. Pennsylvania Ave. Lansing, MI 48911 for a test-drive. We also proudly serve customers from Williamston and DeWitt.


AdChoices