Buying a New or Used Car. Which is the Better Choice?

When it comes to buying a car, the options are truly limitless. You can choose between a variety of car manufacturers, like Toyota, then you have all the models in the make’s lineup, and then you have trim level options to choose from, and then you can choose between new and used options for your next car. It can be overwhelming sifting through all the various options you have at your disposal during the vehicle buying process and researching each one to see which Clermont Toyota vehicle is just right for you. After you’ve narrowed down your options, it’s time to decide if you want to go new or used. There are several benefits to purchasing either vehicle type, but it can get confusing and difficult to decide. To make things easy, Toyota of Clermont’s here with a guide on buying a car.

Buying a New Car

Pros

• Buying a car that’s in new condition almost guarantees that there will be little to no engineering issues that can happen with used vehicles.
• There should be little to no cosmetic defects on the vehicle both on the exterior and in the interior.
• Purchasing a used car oftentimes means purchasing a vehicle that’s a year or two older and you may be missing out on new technology that’s been recently released. Buying a car that’s new often affords drivers with new technology features.
• Buying a new Clermont Toyota car means you can take advantage of different warranties in the event that something goes wrong. Depending on when you buy a used car and how many miles are on the engine, you may find that it’s out of warranty.

Cons

• New cars depreciate quickly (unless you purchase a vehicle like the Clermont Toyota FJ Cruiser). This means that $30,000 vehicle you purchased will quickly lose value. Depending on how much you drive it and any damage you accumulate over time, you may lose half of the vehicle’s value.
• You’re going to be upside down when buying a car that’s in new condition. Unless the vehicle accumulates value or retains it well over time, you’re likely going to wind up upside down right from the moment you sign on the dotted line because of the various fees associated with buying a car.

Buying a Used Car

Pros

• The sticker price of a used car is significantly lower than that of a new car as the depreciation of it has likely come and gone.
• Buying a car in used condition is very safe today. They’re very reliable, heavily tested, and reputable car dealerships (like Toyota of Clermont) sell used cars of all types.
• Because you’re paying less for the vehicle, you can afford to go a bit bigger on the price of your used vehicle.

Cons

• You could wind up purchasing a lemon. This means the vehicle has been through the driving ringer and likely won’t perform well unless major repairs are completely.
• There may be some light cosmetic damages.
• The technology may be older.
• If you’re buying a car with a higher amount of miles you may need to repair the vehicle to get it back up and running.

Buying a car can get complicated, but Toyota of Clermont is here to help! Check out your next ride on our lot today or call us at (352) 404 – 7000 to schedule an appointment with our auto sales experts today!