Purchasing a new or used car?

If you are hesitating between a new or used car, read on below; you will see more clearly what options are the best for you during your shopping experience!

Pros and cons of purchasing a new car 

On top of the outstanding pleasure of being the very first owner of a new vehicle, there are also several other advantages to purchasing a new car.

In fact, you will also generally profit from a lower financing rate and more flexible repayment terms; you will also have access to a full manufacturer warranty, without forgetting that you can choose to add all and any option to customize your vehicle.

Moreover, you will also have access to all of the latest in terms of technologies, like for safety features and infotainment.

However, purchasing a new vehicle also means it instantly depreciates in value the minute you leave the dealership. Also, insurance is often more expensive and the purchase price is higher than for a pre-owned model, without forgetting that you have no choice but to deal directly with a dealership when purchasing a brand new car.

The pros and cons of purchasing a used car

The most significant advantage of purchasing a used car compared to a new one is, without a doubt, its price. In fact, since the previous owner(s) have already absorbed most of the depreciation, you will have access to a vehicle that is much more affordable, without forgetting that you will not have to pay for transportation fees. Moreover, a pre-owned car generally costs less to insure.

Moreover, if you have the chance to get your hands on a recent pre-owned vehicle, you could also take advantage of a model that is still under the manufacturer’s warranty, which is the case with used cars that are certified.

Finally, you could deal directly with a dealership, but also with a used car merchant or even go through a private sale.

The main disadvantage of a used vehicle is that often, you do not have any assurance as to how the previous owner has maintained it nor what trouble it might have had. A CARFAX report can give you more information about potential accidents, but also how the previous owner drove it!

It is also important to expect some small to large expenses, in the short or long-term, related to repairs or parts replacement, without forgetting that interest rates are higher than they would be for a new model.

2020 Toyota Mirai

Other things to consider

Yes, the choice between a new or pre-owned model will greatly depend on your budget, but also the type of vehicle you are looking for. So if, for example, you have a $ 30,000 budget, you could perhaps purchase a base model of a Camry. But if you are looking for a fully equipped SUV, the RAV4 Limited will cost you over $45,000 new, but only around $ 30,000 for a 2018 model-year. A used model could thus prove to be the better choice.

New or used car: which is the best choice for you? 

If you like to keep your vehicles for a long time and prefer the complete peace of mind that can only comes with a new car, then perhaps that is the best choice for you. However, if you like to change vehicles regularly, if your budget is tighter, but you would like a more spacious, luxurious or better equipped vehicle, then perhaps a pre-owned car is the better option for you.

2023 Toyota Sequoia Platinum

If you are hesitating between buying a new or used vehicle, our team of experts at your Toyota Longueuil dealership will know how to steer you in the right direction, and will have a wide selection or new or pre-owned Toyota vehicles to show you, including several models that have been certified by Toyota Canada. 

To find out more about our vehicles or our Toyota financing options, come and visit us at Toyota Longueuil today! We are located on the South Shore of Montreal, close to Brossard and Boucherville.