Getting your own car can give you a sense of independence. Besides the convenience it provides, a personal car is particularly beneficial in times of emergency — or if you simply want to go for a long drive to unwind. But what if your current financial situation doesn’t allow you to purchase a new one? Will it be better to just invest in one of the used cars Lawton OK?
Contemplating buying a new or a second-hand Toyota? In this article, we’ve compiled the six smart reasons why it’s actually a wise choice to go for the latter.
It will give more value to your money. Toyota is well known for its resale value. Even if the make or model was manufactured years ago, it can still be a reliable ride. It’s also one of the reasons why in general, the used car market is prospering: Automobile manufacturers are now using more sophisticated technologies; therefore cars made in recent memory tend to have that capacity to last longer. The good news is that consumers can now get the same unit for a lower price.
It will help you minimize insurance costs. Brand new cars are obviously pricier than used cars Lawton OK. This difference in the upfront cost also gives a disparity in insurance expenses. Logically, your insurance provider would need to pay more for a damaged vehicle with a higher value. This means you’d need to pay a higher premium for a new vehicle.
It will have a lower depreciation rate. Experts estimate that there’s a depreciation of up to around 30% within a year after you’ve purchased a new car. The depreciation flattens out only around the second year of ownership and will spike again in the fifth year. Given this data, it will be much valuable for you if you invest in a two-year-old car with a lower depreciation rate than a brand new one that greatly loses value within a short period of time.
It will cut down your registration expenses. Similar to how insurance companies charge higher rates for vehicles with a higher value, states are also requiring higher fees for the registration of new cars. If you want to decrease your registration expenses, resorting to a second hand Toyota is a wise move.
It will give your peace of mind. With the consistently rising popularity and credibility of the aftermarket community, it will not be hard to find used cars Lawton OK that are still in good condition. With proper research, you can get access to dealer- and even manufacturer-certified pre-owned vehicles. Just make sure to request relevant data on reliability and road history to ensure the condition of your prospective car.
It will give you more variety. As mentioned, the market for pre-owned vehicles — including Toyota cars — is thriving. Compared to before, you now have more options when it comes to choosing makes and models. With greater variety, you can better decide which one will be most suitable for your lifestyle and budget.
If you are looking for used cars Lawton OK, we got the best deals for you at Toyota Of Lawton. Check out our website today or contact us for more information.