Trying to stick to a budget or just save some extra money? Want to move up to a better-equipped or more capable vehicle? Consider buying a used Toyota sedan, truck, or SUV! Here are just a few of the reasons it’s a great idea to buy a pre-owned vehicle at Robbins Toyota in Nash, Texas.
Saving money isn’t the only reason to buy used, but it’s definitely the most important factor. Buying a Toyota vehicle that’s already been used is almost always less expensive than buying the same model new. New vehicles depreciate, or lose value, as soon as you drive them home. But used vehicles have already taken the depreciation hit, and that’s reflected in the lower price.
In addition to the initial price you pay, you’ll also save money in other ways with a used Toyota. Used vehicles are typically cheaper to insure than new ones, and you may also be able to save money on fees and taxes.
If you want to drive a bigger vehicle or one with more luxurious features, buying used will help you do so for less money. For example, if you’re working with a set budget, you could buy a higher Toyota Highlander trim used for a price that’s similar to an entry-level new model — while getting tons of extra features. Or if you want to upgrade from a sedan to a typically more expensive SUV, shopping for a used model will lower the price differential.
If you buy a new Toyota and then decide you want to sell it, depreciation could make its value lower than the amount you owe on the loan. But when you buy used, depreciation has already occurred, so you’re more likely to break even or even sell the vehicle for more than you paid. Plus, Toyota vehicles are famed for their durability and high resale value. Need proof? Kelley Blue Book has named Toyota the brand with the best resale value for six of the past nine years in a row.
If you’re worried that a used Toyota vehicle will be less reliable than a new one, we have good news! Toyota builds incredibly reliable models that typically run well for hundreds of thousands of miles. Consumer Reports recently ranked Toyota No. 3 brand for dependability among all brands (even luxury), while J.D. Power ranked Toyota at No. 5. So even if you buy a Toyota vehicle that’s a few years old — or several — it’s highly likely that it will continue to give you trustworthy performance for a long time to come.