Pros of Buying a Used Car in Adelaide

Posted: 29/07/2021
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Depending on your circumstances, it may make more sense to buy a used car compared to buying a new one. Lucky for you, as well as offering the full range of new Toyota vehicles, CMI Toyota offers South Australia’s biggest range of quality used and Toyota Certified Pre-owned vehicles.

Best of all, you are buying your used car with the assistance of our friendly team who are on hand to help you select the right one for your lifestyle and personal requirements. You don’t need to worry about the hassle of buying a used car privately, when you have the ease of visiting our three dealerships and selecting from our great range of used vehicles.

So what are the benefits of buying a used vehicle over purchasing a new car? Generally speaking, if you’re buying a new car:

  • They can be more expensive.
  • They depreciate in value quicker than used cars – new cars can lose as much as 58% of their value within the first three years of use.

There are many reasons to consider which option is best for you and your circumstances, so we’re here to take you through the many benefits of buying a used car from CMI Toyota.

So, buckle up and take a drive around these pros of buying a used car.

Top 6 Reasons Why You Should Buy a Used Car

1. Lower Driveaway Price Compared to New Cars

The top reason is, generally, used cars are available for a lower price in comparison to new cars. But that is just skimming the surface. Lower prices are not a one-time benefit. Cost-effectiveness plays a significant role from the day you buy the car to the day you sell it. 

2. Cost Savings Accrued by Avoiding Unnecessary Upgrades

Most used cars have their inherent features intact – you know what features and accessories it has before you buy it. If it doesn’t have a feature that you want, in most instances you can have it custom-integrated. Best of all, thanks to buying a used vehicle through CMI Toyota, our parts and accessories team are on hand to help you with understanding what can be installed. So, you get the savings by not spending money on features and accessories you do not require. 

3. Warranty Transfer

Some used cars still have the balance of manufacturer's warranty valid depending on either the age of the vehicle or the extended warranty available. For example, if a new car was purchased by the previous owner with a three year warranty and they sold it after two years, you will be able to take advantage of the one year balance of new car warranty still available, providing they have adhered to the full terms of the warranty. Don’t forget, used vehicles may qualify for our CMI Secure Experience Program and all Toyota Certified pre-owned vehicles purchased from CMI Toyota enjoy Certified Pre-Owned Car Advantages, including a two year extended warranty. 

4. More Affordable Insurance

The cost of insurance or premium you generally pay on a new or used vehicle is based on the sum insured value of the car. As the car depreciates, this insured value also depreciates. So generally speaking, since your used car's insured value is less than that of a new car, it will have a lower premium, meaning more money stays in your pocket. 

5. Fine-Tuned for Value

By purchasing your used vehicle from a used car dealership such as CMI Toyota, you will have better peace of mind compared to purchasing from a private seller. Every used car purchased from CMI Toyota’s used vehicle team undergoes a stringent 96 point safety inspection so you can buy your perfect used car with confidence. Plus, with our Toyota Certified used vehicles, you can enjoy additional peace of mind knowing that each vehicle that qualifies for our program undergoes an extensive quality inspection by our team, including mechanical, detailing and appearance standards, plus they have a full service history and background check. Our goal is to ensure that any used car we sell is as good as a new one.

6. Readily Available and More Affordable Dealer Finance

Car Dealer financing is not exclusive to new cars. Used cars purchased from CMI Toyota are also eligible for finance through our dealer finance and insurance team. There are a range of flexible in-house finance options available for used cars including Toyota Access which gives you lower monthly repayments[F9] and the certainty of Guaranteed Future Value[F2]. At CMI Toyota, approved applicants can choose from a wide range of car options and transparent dealer financing options. Our team are committed to finding the right finance option for you.

Plus, every used car purchased from CMI Toyota comes with our 7 Day Money Back Guarantee. That's right - We are so confident that our Pre-Owned vehicles are not only of the highest quality and offer the best value for money, that if for any reason you are not satisfied with your pre-owned vehicle within 7 days of picking it up, you can return it to us for a full refund.

So what are you waiting for! Search our extensive range of used vehicles available from our Adelaide, Cheltenham and Christies Beach dealerships today.

SEARCH USED CARS

Disclaimer:

* Terms, conditions, fees and charges apply. Toyota Access Guaranteed Future Value products are available to approved customers of Toyota Finance, a division of Toyota Finance Australia Limited. ABN 48 002 435 181, AFSL and Australian Credit Licence 392536
[F2] The Guaranteed Future Value (GFV) is the minimum value of your Toyota at the end of your finance contract, as determined by Toyota Finance. If you decide to return your car to Toyota at the end of your term, Toyota Finance will pay you the agreed GFV, which will be put against your final payment subject to fair wear and tear conditions and agreed kilometres being met. The information provided is general in nature. You should seek your own financial advice to determine whether Toyota Access is appropriate for your individual circumstances. Terms, conditions, fees and charges apply. Toyota Access GFV products are available to approved customers of Toyota Finance, a division of Toyota Finance Australia Limited ABN 48 002 435 181, AFSL and Australian Credit Licence 392536.
[F9] Lower monthly repayments compared to a similar term with no Guaranteed Future Value (GFV) or equivalent balloon final payment. Total interest charges will be higher if a GFV or balloon final payment is selected.

References:

  1. https://aussiecarloans.com.au/blog/buying-a-new-car-vs-buying-a-used-car/
  2. https://www.whichcar.com.au/car-advice/pros-and-cons-should-you-buy-a-new-or-used-car
  3. https://www.mynrma.com.au/cars-and-driving/buying-a-car/car-loans/resources/buying-a-new-car-versus-a-used-car
  4. https://www.ratecity.com.au/car-loans/articles/pros-cons-buying-used-car
  5. https://www.budgetdirect.com.au/car-insurance/research/car-accident-statistics.html

Just some of CMI Toyota's advantages: