Once you decide it is time to purchase a new truck, you may think the rest of the decisions will be easy. From cab and bed size to the various manufacturers, buying a truck can become overwhelming. Another decision you will need to make is whether you want to buy new or used. While each offers its own pros and cons, buying used does offer many benefits. If you are contemplating whether new or used is right for you and your finances, this guide can help. Here are a few benefits of buying a used truck.
Lower Purchase Cost
One of the main benefits of buying used is the lower cost. Vehicles of any kind depreciate a great deal within the first year. As a matter of fact, most experts agree that your new vehicle will depreciate thousands of dollars as soon as you drive it off the lot. As long as they are in good functional and cosmetic condition, a used truck that is around 3 years old can save you half of the truck's original price.
Not only will you be able to purchase the used truck in a more affordable way, but you will also be able to save money on insurance, property tax, and registration fees because your truck is used. Used trucks are valued much less than new vehicles, which means insurance companies will have to pay less to cover the cost of the truck if you are ever involved in an accident. The lower the replacement/repair costs for your truck, the lower your insurance premiums will be.
Property taxes and registration fees are also based on a percentage of your vehicle's value. Therefore, a used vehicle valued less will be more affordable when it is time to pay your property taxes and registration fees.
If you buy a used truck from a dealership, you may receive a certification guaranteeing the vehicle is in good reliable condition. Most dealerships offer used certifications, which are given to used vehicles after they have been evaluated and inspected by licensed, experienced mechanics.
Once certified, the dealership will also issue a special warranty, which is not usually offered on used vehicles. This warranty may even extend beyond the actual manufacturer's warranty, giving you even more peace of mind. Another benefit of a used certification is that some manufacturers, lenders, and banks offer discounted rates and special promotions that can be applied when financing these vehicles. Not only will the certification ensure your used truck is in good condition, but the added warranty and financing makes buying used an even better investment.
Fewer Bells and Whistles
Today, more and more manufacturers are adding features to their trucks that you may not necessarily need. From a backup camera and lane-departure warning to adaptive cruise control, many of these bells and whistles are standard in new truck models. While helpful and valuable additions, these extras are not worth the extra cost of buying a new truck if you are not going to use them.
If you want to avoid the bells and whistles and purchase a truck with basic features and amenities that you will actually want and need, buying used may be a better option. Most used models have the basic, such as power seats and windows, Bluetooth capability, and even tow packages that are already installed and ready to use.
If you are in the market for a truck, buying used can be beneficial to you, your needs, and your finances. You can find your ideal model by using this guide and the help from your local Chevy truck dealer.
When I started shopping around for a car, I knew that I wanted something a little different. Unfortunately, I had no idea what to look for, which made things complicated. I visited several different dealerships, but it wasn't until I worked with the right salesperson that I found what I wanted. My salesperson showed me exciting new car models and talked with me about safety features, which really helped me to narrow down my choices. Check out this blog to learn more about finding the perfect car so that you don't have to worry about having buyer's remorse down the road.