Buying a Used Truck is a Better Investment Than a New Truck
Looking for your next truck can be an exciting experience. That is, until you see the price tag. You may be able to afford the entry-level model, but what about all of those additional features you wanted? Those costs add up quickly. So, you cut back on some of the gadgets and luxuries to make it more affordable. Now you are driving off the lot with less than you hoped for but hey, it’s brand new! Then buyer’s remorse sets in. Why would you have buyer’s remorse with a shiny new vehicle, you ask? Well, that brand-new truck you just bought with limited features just depreciated in value the moment the tires hit the road. So not only did you spend the maximum on your budget and compromise on features, but your truck will never be worth anywhere near what you paid for initially.
Don’t worry, we have a solution. By buying your next truck used, you will save money, get the features you want at a price you can afford, and lessen the blow of depreciation.
Still aren’t sure? Here are five reasons why you should buy a used truck:
1. Durability and Reliability
Let’s get your initial fears and worries of buying pre-owned out of the way. Trucks are made to handle everyday commuting, heavy-duty towing, extreme off-roading terrain, and intense labor. They are built to last and be put through rigorous situations. Take a look at the Chevy Silverado. This truck is known for its hauling and towing capabilities, and its high scoring reliability. The 1500 has maintained an above average J. D. Power rating in reliability since 2009 and the 2014 model earned the highest score of 5 out of 5. You can’t go wrong with a used Chevy Silverado. Trucks are also more durable, lasting an average of 200,000 miles compared to the previous 100,000-mile standard. If you are worried about the wear and tear when buying used, online tools such as Carfax can show you a vehicle’s maintenance and repair history so you can make a smart investment. You can also read reviews of different truck models and trims from previous owners to see the pros and cons from a more personal view. Take advantage of others testing out past releases to find the perfect fit for you.
2. Lifetime Warranty
Buying new isn’t the only way to get the added security and quality maintenance that dealerships offer. At Patterson Truck Stop, we offer a free Lifetime Warranty on used trucks that are no more than 10 years old and have less than 125,000 miles. This warranty extends the manufacturer’s powertrain warranty for as long as you own your vehicle and includes 100% parts and labor, no maximum mileage limit, no deductible, and coverage of all powertrain components and main engine parts. Buying a vehicle is an investment and we want to help you protect that investment. With this added protection on an already reliable truck, you can hit the roads with peace of mind.
3. Better Prices
Now that your initial fear of buying a used truck has been addressed, let’s see how much you can save. A huge benefit of buying a pre-owned truck is the ability to find a price tag that meets your budget. The entry level new 2019 Toyota Tacoma SR has a starting price of $25,550. That doesn’t include the price of any additional features or tech you might want to add. You can get a used Toyota Tacoma that’s only a few years old for thousands cheaper. On top of saving money on the initial purchase, your loan interest rates and insurance rates will be cheaper on a previously owned truck as well. Take that extra money and buy a new boat to put that towing package to use that the previous owner had installed.
4. More Features and Packages
Not only will you save money by buying used, but you will also be able to afford those additional features and packages you couldn’t afford when buying new. The Ford F-150 is known for having luxurious upgrades, innovative technology, and impressive packages that meet every truck lover’s needs. These additional features come with a hefty price on an already expensive new vehicle. By buying used, you can get the features you want at a cheaper or similar price to the new entry-level model that comes standard. The Ford F-150 has been the leader in truck and overall vehicle sales for years, which means there are plenty of individuals who have bought new and are looking to sell. With a large inventory of used Ford F-150 trucks for sale, you can be reassured that you will find the perfect fit for you that comes outfitted with that luxurious interior and enhanced towing capabilities you couldn’t previously afford with a new model.
5. Less Depreciation
It’s not only about saving money on initial costs and features when it comes to buying a pre-owned truck. You will be making a smarter investment. Depreciation happens no matter if you buy old or new. However, when you buy a brand-new truck, that depreciation is going to hit a lot harder than if you buy used. As soon as you drive off the lot, the value of your new vehicle drops immediately and will continue to drop that first year by an average of 20% of the initial price. That shiny new F-150 you bought for $35,000 will lose about $7,000 in value in its first year. By buying a previously owned truck that has already taken the biggest depreciation hit, you will see a much smaller loss in value in that first year.
Get your dream truck at an affordable price by finding a used truck for sale with the features you want. With trucks being known for their reliability and variety in trim levels, you can get a vehicle that will last with the style of drive you desire. Don’t settle for less when you can have more with a pre-owned truck.
Patterson Truck Stop has a huge inventory of used trucks for sale with varying trim levels and added features to help you find the perfect ride. From Chevy, Ram, GMC, Nissan, Toyota, and Ford trucks, we have it all.