The Benefits of Buying Used
You’re ready to upgrade your old vehicle, but you’re facing a dilemma that regularly pops up for vehicle owners: should you buy a used or new vehicle? A used vehicle is a budget-conscious option that allows you to get as much vehicle as possible for your money. Here are a few of the benefits of buying used.
You Can Save Money
One of the top benefits of buying a used vehicle is that it helps you save money while still providing you with a terrific new-to-you vehicle. A used vehicle helps you save money in multiple ways.
Reduced Depreciation
When you purchase a new car, one of the biggest expenses that you incur is depreciation. Depreciation refers to the value that a car loses due to aging and usage. Used cars depreciate slower than new vehicles. Within the first year of purchasing a new vehicle, the vehicle usually loses between 20 and 30 percent of its value. During the next few years (years two to six), it’ll continue to depreciate at a rate of 15 to 18 percent.
Assume a new vehicle is $40k. It depreciates 20 percent in the first year and 15 percent in subsequent years. By the time the vehicle is three years old, the value will have dropped to $23,120 thanks to depreciation. A three-year-old used car still has a lot of life left in it, allowing you to reduce your depreciation expenses without sacrificing features, aesthetics, and reliability.
Want to see how a lower vehicle price impacts your monthly payment? Check out our payment calculator to see how different loan amounts affect your payment.
Lower Insurance Costs
Buying a used vehicle also reduces your insurance costs, further helping you save money. One of the factors that influences your auto insurance premium is the value of a vehicle. Since used vehicles have lower values, your insurance rates will be lower, allowing you to reduce your annual costs for auto insurance.
Cheaper Dealership Fees
Every vehicle has some type of dealership fee that help cover the dealer’s costs for preparing, showing, and selling the vehicle. However, the amount of these fees is often partly based on the price of the vehicle. Thanks to the lower cost of a used vehicle, this will reduce any fees that are based on the price of the vehicle. A 1 percent fee is cheaper on a $25,000 vehicle ($250) than it is on a $35,000 vehicle ($350).
The state of Texas also charges a sales tax on vehicle purchases of 6.25 percent. Opting for a lower-priced used vehicle is a simple way to reduce the amount of sales tax that you pay when you purchase your vehicle. With a $25,000 used vehicle, 6.25 percent is $1,562.50. If you buy a $40,000 new vehicle, the 6.25 percent sales tax equals $2,500.
You’ll Have Access to More Vehicle Options
When you restrict your shopping to new vehicles, you only have access to vehicle models that are released in the current year. This may not be a big deal if you’re lenient with your vehicle wish list, but if you have more specific preferences (such as a preferred combination that includes a certain type of trim, color, and accessories) finding exactly what you want can be more difficult.
It might be time-consuming or extremely difficult to locate a new vehicle that has your exact combination of specifications. By expanding your search to include a few years’ worth of vehicle models, you’ll significantly expand your options, allowing you to find a vehicle that fits your needs as quickly as possible.
Used Vehicles Often Come with a Warranty
If you enjoy the peace of mind that comes with purchasing a new vehicle that includes a warranty, know that some used vehicles also offer a warranty, depending on their age, mileage, and condition. For example, a Toyota certified pre-owned vehicle offers a 12-month, 12,000-mile Limited Comprehensive Warranty and a 7-year, 100,000-mile Limited Powertrain Warranty.
Some used vehicles are still covered by the original manufacturer warranty if they meet the mileage and age conditions. Should you prefer additional protection, many used vehicles give you the option to purchase an extended warranty that lengthens your coverage.
A Used Vehicle Helps You Stretch Your Car-Buying Budget
You’ve made your wish list for your next vehicle, but when you start shopping, you discover that a new vehicle with your desired features is outside of your budget. However, if you’re willing to shop gently used vehicles, you can likely locate a car that has all the features you want at a price that’s a better fit for your budget. Most carmakers don’t redesign their vehicles every single year, so you can usually still get the style and tech of a new vehicle by opting for a car that’s a few years old.
At Lone Star Toyota of Lewisville, we thoroughly vet our used vehicles to make sure they’re properly maintained and a smart purchase for our customers. We even have pre-owned specials that we believe offer car buyers a terrific value for their money.
Start Shopping for Your Used Vehicle at Lone Star Toyota of Lewisville
Lone Star Toyota of Lewisville has a variety of used vehicle inventory, including used Toyota Camrys and 4Runners, to consider for your next vehicle.
The Lone Star Advantage
We’re devoted to helping our customers find quality cars that match their needs. Our goal is to provide a selection of high-quality, dependable vehicles for our customers to choose from. Our trustworthy staff offers award-winning service and prompt response times. We have a long-standing reputation in the community as an auto dealership that prioritizes customer satisfaction.
How to Get Started
Ready to schedule a test drive for a specific vehicle or want to start your finance application ? Stop by Lone Star Toyota of Lewisville today, contact us online, or give us a call at 469-491-1219.
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Cyber Orange Metallic Tricoat 2021 Ford Bronco First Edition 4D Sport Utility 10-Speed Automatic 2.7L EcoBoost V6
Priced below KBB Fair Purchase Price! Odometer is 8345 miles below market average!
KBB Fair Market Range High: $67,278 KBB Fair Market Range Low: $61,257
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Silver Sky Metallic 2021 Toyota RAV4 Hybrid Limited 4D Sport Utility eCVT 2.5L 4-Cylinder
Priced below KBB Fair Purchase Price! 41/38 City/Highway MPG
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KBB Fair Market Range High: $34,956 KBB Fair Market Range Low: $31,495
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Nebula Gray Pearl 2022 Lexus RX 350 4D Sport Utility 8-Speed Automatic 3.5L V6 DOHC 24V
20/27 City/Highway MPG
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KBB Fair Market Range High: $40,331 KBB Fair Market Range Low: $35,840
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Oxford White 2021 Ford Mustang EcoBoost 2D Coupe 10-Speed Automatic EcoBoost 2.3L I4 GTDi DOHC Turbocharged VCT
Priced below KBB Fair Purchase Price! Odometer is 7871 miles below market average! 21/32 City/Highway MPG
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KBB Fair Market Range High: $27,623 KBB Fair Market Range Low: $25,190
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Priced below KBB Fair Purchase Price!
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KBB Fair Market Range High: $73,706 KBB Fair Market Range Low: $68,607
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Midnight Black Metallic 2019 Toyota RAV4 XLE 4D Sport Utility 8-Speed Automatic 2.5L 4-Cylinder DOHC Dual VVT-i
Priced below KBB Fair Purchase Price! Odometer is 3600 miles below market average! 25/33 City/Highway MPG
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KBB Fair Market Range High: $25,906 KBB Fair Market Range Low: $23,295
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* 2019 KBB.com 10 Favorite New-for-2019 Cars * 2019 KBB.com 10 Best SUVs Under $30,000 * 2019 KBB.com Brand Image Awards * 2019 KBB.com Best Resale Value Awards
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Barcelona Red Metallic 2022 Toyota Tacoma SR V6 4D Double Cab 6-Speed 3.5L V6 PDI DOHC 24V LEV3-ULEV70 278hp
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KBB Fair Market Range High: $36,366 KBB Fair Market Range Low: $32,025
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Ice Cap 2024 Toyota Camry SE 4D Sedan 8-Speed Automatic 2.5L I4 DOHC 16V
Odometer is 7455 miles below market average! 28/39 City/Highway MPG
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Dynamic Blue Metallic 2023 GMC Sierra 1500 Elevation 4D Crew Cab 10-Speed Automatic EcoTec3 5.3L V8
Priced below KBB Fair Purchase Price! Odometer is 1919 miles below market average!
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KBB Fair Market Range High: $53,256 KBB Fair Market Range Low: $46,442
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Glacier White 2024 Audi Q5 45 S line Premium Plus quattro 4D Sport Utility 7-Speed Automatic S tronic 2.0L Turbocharged
Odometer is 2607 miles below market average! 22/28 City/Highway MPG
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Black Onyx 2021 Lexus LX 570 4D Sport Utility 8-Speed Automatic with Sequential Shift 5.7L V8 DOHC Dual VVT-i 32V
Priced below KBB Fair Purchase Price!
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KBB Fair Market Range High: $69,360 KBB Fair Market Range Low: $63,607
Dealer Doc Fee: $149. All vehicle prices are plus tax, title, plate, dealer fees & dealer added accessories. We attempt to update this inventory on a regular basis. However, there can be a delay between the sale of a vehicle and the update of the inventory. Pricing and availability of vehicles not currently in dealer inventory may vary based on a variety of factors, including but not limited to options, specials, and fees. You may not qualify for the offers, incentives, discounts, or financing. Dealer and offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details. All advertised vehicles are subject to actual dealer availability. Certain vehicles listed may not be available. Prices exclude state tax, title, license, and document preparation fee. Vehicle option and pricing are subject to change. Prices include all dealer rebates and dealer incentives. Please check with your dealer for more information. Images displayed may not be representative of the actual trim level, optional equipment, or color of a vehicle. Colors shown are the most accurate representations available. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at 469-491-1219 or by visiting us at the dealership.
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Midnight Black Metallic 2021 Toyota 4Runner Limited 4D Sport Utility 5-Speed Automatic with Overdrive 4.0L V6 SMPI DOHC
Priced below KBB Fair Purchase Price!
KBB Fair Market Range High: $40,899 KBB Fair Market Range Low: $36,536