The Benefits of Buying Used
While many drivers prefer the thrill of stepping into a brand-new vehicle, the affordability and value of quality used cars can’t be denied. In fact, used cars can be as impressive as their new counterparts, offering late-model features, dependable performance, and excellent warranty coverage. Check out a few of the benefits of buying used, then begin your search at Marina del Rey Toyota near Santa Ana!
Although buying a new vehicle has advantages, such as cutting-edge technology and baseline mileage, it’s cheaper to buy used. On average, lenders demand a 10- to 20-percent down payment on a new auto loan. In addition, new vehicles typically come with a few additional charges, such as processing, advertising, and preparation fees. While the interest rates on used cars are often slightly higher, in the end, the overall amount you’ll owe will likely be significantly less.
When you buy used, you won’t have to worry about immediate value depreciation, or the value-reducing impacts of inevitable wear and tear. It’s not uncommon for a buyer to see at least a 19-percent reduction in their new car’s overall value within the first year of ownership. So, if you purchase a mainstream vehicle for around $33,560—the average cost of a new car in the U.S.—you can expect its value to depreciate to roughly $27,184 within 12 months.
Available Certified Pre-Owned Programs
Going the route of Certified Pre-Owned lets you buy used and enjoy a variety of new-car benefits. Usually, CPO programs accept only late-model vehicles with low mileage and spotless history reports. Toyota, for example, requires that potential CPO vehicles pass a rigorous 160-point inspection, as well as a CARFAX vehicle history evaluation. In addition, special warranties, roadside assistance, and new-car financing rates are on the table for CPO car buyers.
Shop High-Quality Used Cars in Marina del Rey!
To learn more about the advantages of buying a used car, contact Marina del Rey Toyota! You’re also welcome to stop by and take any of our used or CPO vehicles for a test drive. We’re located at 4636 Lincoln Blvd in Marina del Rey, CA—a short drive from Culver City and Manhattan Beach.