| You have decided that Toyota is the | | | | minute it is driven off the dealership |
| vehicle brand for you. But maybe you're | | | | lot. |
| wondering what kind of Toyota - new or | | | | New Toyota cars: More money - fewer |
| used? - you should buy. This article | | | | problems? |
| will contain some information that will | | | | When you buy a Toyota car or truck new, |
| allow you to weigh the pros and the cons | | | | you are almost guaranteed a few |
| of buying new or used. | | | | benefits. First, your new vehicle should |
| Used Toyota cars: Bigger risk or bigger | | | | be relatively maintenance free - |
| savings? | | | | especially for the first several years |
| Michelle Krebs, a writer for Cars.com, | | | | of ownership. The vehicle warranty will |
| says that the current market has an | | | | often cover routine maintenance like oil |
| abundance of used cars for sale. Because | | | | changes and tire rotations, as well as |
| the supply is higher than the demand | | | | the cost of part repairs or |
| currently, prices are dropping. In many | | | | replacements. Warranties can even cover |
| places, used Toyota selections are | | | | related vehicle services, like roadside |
| plentiful - eco-conscious buyers can | | | | assistance. . |
| even find hybrid vehicles like the | | | | You might have more information at your |
| Toyota Prius and Camry at reduced rates. | | | | disposal about new Toyota vehicle |
| For many buyers, used cars or trucks are | | | | prices, too. The price of a used car or |
| synonymous with a great selection at the | | | | truck is heavily dependent upon its |
| lowest price possible. | | | | condition and mileage - two factors that |
| Used cars, however, can be a gamble. | | | | are often completely independent of |
| Some information about a used car or | | | | vehicle make and model. Conversely, |
| truck - such as where the previous owner | | | | pricing information about new vehicles |
| drove it, how he or she treated the | | | | is readily available - in newspapers, on |
| vehicle, and whether the vehicle was | | | | Toyota dealer Web sites, or on Internet |
| purchased used in the first place - | | | | car pricing resources - and prices are |
| might not be available to the next | | | | fairly standard. If you are trying to |
| buyer. Worse, some car dealerships rehab | | | | negotiate a fair price on a new car, you |
| cars that are not working well or that | | | | are in a better position to ask for the |
| have serious malfunctions that might | | | | lowest price available, because unlike |
| show up later. These types of used | | | | used cars, mileage and wear and tear are |
| vehicles are called "lemons," and no | | | | not factors. |
| vehicle brand - Toyota, Subaru, or Dodge | | | | The biggest downside to buying a Toyota |
| - is without its lemons. | | | | new is this: a new vehicle is a larger |
| Fortunately, reputable Toyota | | | | investment, and will depreciate the |
| dealerships have been toughening up | | | | minute you begin driving it. Vehicle |
| their requirements about which used | | | | depreciation is exponential, as |
| vehicles they will or won't accept. Some | | | | demonstrated by the mathematical model |
| used cars include factory transferable | | | | of exponential decay, V = Voert . This |
| warranties that can be carried from one | | | | model demonstrates that over a 10-year |
| owner to the next. More importantly, a | | | | period, a vehicle will lose much of its |
| good dealership will always perform | | | | value; for example, a $20,000 new car is |
| thorough inspections and test drives on | | | | worth just over three thousand dollars |
| any used vehicles slated to be sold on | | | | in 10 years. |
| its lot. Still other dealers offer | | | | Ultimately, consumers should chose the |
| "certified pre-owned programs," which | | | | Toyota model and vehicle condition |
| involve more stringent requirements for | | | | suitable for their individual |
| used cars that can be sold. | | | | lifestyles, budgets, and needs. The best |
| Finally, used cars and trucks can be a | | | | way to shop for a vehicle is to make a |
| better value. Even when outfitted with | | | | budget; draw up a list of what you are |
| special features, they always cost less | | | | looking for in a car or truck, and then |
| than their factory-new counterparts. | | | | become as informed as possible about all |
| Remember: A new car loses value the | | | | of your options. |