Why Buy Used

Buying used is a financially smart decision if you need a new vehicle but have a tight budget. We have a wide inventory of used vehicles at Jordan Toyota, so if you are in the Mishawaka area, stop by our dealership. If you are deciding whether a used car is the right decision for you, here are some reasons why buying used might be right.

Minimize Depreciation

While paying a lower purchase price for a used car is a clear benefit of buying used, there are other ways you can save money, especially in the long run. When you drive a new car off the lot, it typically depreciates about 20 percent right away. Most cars will lose another 10 percent in value during the first year. When you buy a used car, you avoid that loss caused by depreciation.

Extra Savings

Aside from the initial price of purchase, used cars also present additional areas for savings, such as car insurance and the registration fee. The value of the car is a key factor in determining the cost of car insurance. A used car has less value compared to a newer car, which means the cost of insurance will be less as well. The registration fee is also determined by the car’s transaction price, so buying used can help reduce that fee.

Reliability

You might think buying a used car is riskier than buying new, but in many aspects, buying used can actually minimize risk and increase reliability. You can check the car’s vehicle report history to learn about its past mileage and whether it was ever declared a total loss by an insurance company. Jordan Toyota also offers a number of Certified Pre-Owned vehicles which meet certain guidelines and standards and come with some form of warranty, providing you with greater peace of mind when you buy a used car. 
 
Stop by Jordan Toyota in Mishawaka to browse our used and CPO vehicles firsthand. We’ll help match you with the right pre-owned model to fit your lifestyle and needs.

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