The thought of buying a used vehicle can bring up feelings of apprehension, but these thoughts are usually because someone might not know all the positive reasons to buy a used vehicle. Toyota of New Orleans invites you to see why buying a used car may be the right fit for you.View Our Used Inventory
If you’re on a budget or just want your hard-earned money to go further, look at the used car selection first. In the new car market, you may only be able to go with a base trim or entry-level car. If you shop the used car market, that same budget may allow for a better-equipped model or something ‘fancier’. The variety is more extensive, and cars that are not available on the market now as a new car may be found in the used car section.
One important concern when considering purchasing a used car is if there is a warranty. CPO programs are offered by practically all carmakers, making a used-car purchase a less stressful endeavor. CPO Programs differ primarily because of differences in manufacturers. A dealership-certified program will usually have fewer benefits than a manufacturer-certified program. Some manufacturer-certified vehicles include additional benefits like free roadside assistance and more. Because of the differences in programs, it is important to get a copy of the details about your specific terms of the CPO or Warranty.
For the majority of new cars, buying as an investment is not recommended. Most new vehicles lose a high percentage of their value early in their lifespan. Statistics say most new vehicles can lose up to half their value within three years. New cars definitely have their perks with warranties, free maintenance, and low financing, but you have to consider fast depreciation.
Used-car buyers should always have their potential purchases inspected by a mechanic in case there is an underlying issue that is not easily detectable. The truth is, with advances in technology and the development of stronger parts and materials, cars last longer now than ever before. The lifespans of vehicles have increased significantly. Most cars can reach 200,000 miles without much more than normal maintenance.
Technology can now give used car buyers information on the vehicle they are considering purchasing by offering vehicle history reports. These reports have sources to provide accurate and up-to-date data. This data includes changes of ownership, accidents, or repairs. Unfortunately, this data is dependent on these incidents being reported properly, but the point is that a bad history report can save you from buying a damaged car. If you need more information, used cars have aftermarket communities that can help with obtaining more knowledge about the model you are interested in.