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Ready to upgrade your current ride? Replacing your old car doesn't mean you have to buy new. While there are some great perks to buying new, there are also some significant perks to buying used, especially if you're looking for an affordable option. And at Toyota of Fort Worth, we've got an excellent selection of quality used vehicles in our inventory. If you're not sure whether you want to buy a new or used vehicle, find out if buying used is the right choice for you below!
Probably the most obvious benefit of buying used is affordability. Because a used car costs less than a new one, if you need to take out a loan, your down payment and monthly payments will be significantly lower. It's also more manageable to buy a used car at one time, which means you wouldn't have to make any monthly payments. You may also be able to spend less for more features or a nicer model than your previous vehicle.
You'll find that insurance for your vehicle is also more affordable. Insurance rates are calculated based on the value of your car, so since used cars are less expensive than new, insurance also costs less.
If you buy a new vehicle, it will lose a lot of its value in the first few years of ownership. While depreciation is ongoing, it should slow down after those initial years. By the time you buy a used car, it should have already experienced this steep decline in value. Because of that, you'll pay much less!
Models regularly become discontinued in the automotive industry, even popular ones. This won't affect you when you shop for used models as you may be able to find models that are no longer being made. You can also find cars with a variety of trims or features that may no longer be available on the current models. Buying used gives you plenty of options since you're not limited by the features and trims of a single year.
Interested in purchasing a used vehicle? Stop by Toyota of Fort Worth for a test-drive today. We have a large variety for you to choose from, so come visit us at our dealership, located at 9001 Camp Bowie West, Fort Worth, TX 76116. We proudly serve customers from Arlington, Burleson, Weatherford and Keller!