There are a lot of myths and misconceptions out there about buying a used car. The prevailing attitude is that they’re far cheaper than new cars but more likely to cost you money down the line. However, the reality is a bit more complicated than that. Here are some of the most common myths about buying a used car and what factors you should consider before making this important decision.

Myth #1: Used Cars Are in Bad Condition

Many people shy away from buying used because someone has driven the vehicle before. Perhaps the previous owner neglected regular maintenance or had a bad part installed. The fear is that you won’t notice the flaw until you’ve already signed for the car and driven off the lot. Fortunately, there are quite a few ways to check the condition of a used vehicle before purchase. You can ensure everything is in good working order by:

• Having a mechanic inspect the car
• Searching for the VIN online
• Ordering a vehicle history report
• Taking a test drive

Buying certified pre-owned may also bring you peace of mind about the car’s condition. Toyota Certified Used Vehicles undergo an intensive 160-point inspection that covers everything from exterior and interior condition to the engine, steering, brakes, electronics and so much more. Because Toyota has cleared every Certified Used vehicle, they also offer a better warranty than you’d normally receive on a pre-owned car purchase, including a 12-month/12,000-mile comprehensive warranty, 7-year/100,000-mile limited powertrain warranty and a year of roadside assistance.

Myth #2: The Repair Costs Aren’t Worth It

You may assume a used car requires more frequent maintenance – and thus, costs more money on upkeep – than a new car. The concern is amplified when a car has more than 100,000 miles on it. Yet, many new cars are more expensive to repair than used cars. A new car may have:

• More complicated and costly replacement parts
• An unknown manufacturing or design problem
• Complex electronic systems and more gauges and gadgets that can break

Instead, consider buying a highly reliable used vehicle with great reviews and a proven track record.

Myth #3: Good Timing Can Get You a Better Price

There are several pervasive myths about the best time to buy a car. Some recommend waiting until the end of the month to score a killer deal. The logic goes that by the 30th or 31st, the dealership is more desperate to fill their sales quota and will offer you a discount to make the sale. The only problem is, you can’t tell when a dealership has hit their quota, and you may be sacrificing the color and features you want for a savings of a few hundred dollars. You also shouldn’t wait for a thunderstorm to head to the dealership. Since everyone has heard this advice, you’re only signing yourself up for a longer day of car shopping.

Myth #4: You Need to Jump on That Great Used Car Deal Right Now

Typically, people’s motivation to buy used is to save money. It only makes sense that you’d want to pounce on a great deal when you see one. Before you seal the deal, though, consider this – what you perceive as “a great deal” might be a decent deal, but not the best price you could get. Used car prices aren’t going to fluctuate too much over the period of a few weeks. It’s better to do your research and comparison price shop than settle for a flashy offer on the spot.

Myth #5: Paying Cash Is the Way to Go

While it’s responsible to buy a car within your means, it’s not necessarily the best approach to pay cash, even for an affordable used vehicle. Dealerships often make money on financing, so if you pay cash, you may get less of a discount on the car’s sale price. That being said, you also don’t have to settle for the first financing option that’s offered to you. It’s a good idea to get pre-approved for a loan before going into negotiations.

Myth #6: Buying Used Is Better Than Buying New

Buying used is generally cheaper than buying new, but sticker price isn’t the only thing you need to consider when purchasing a vehicle. When selling a new car, a dealership may offer:

• A variety of financing options
• Low interest rates
• Large rebates

These incentives can make buying a new car worth it, especially if you want the latest technology.

Finding a New or Used Car at Toyota of Seattle

New and used cars have their respective perks. Which one you choose should depends on your personal budget, research findings and priorities. At Toyota of Seattle, we make the car buying process transparent and easy. At any time, you can use our online Express Store to find the exact make and model you want, review your payment options, value your trade-in and much more – all from the comfort of your home. You can also speak online with a customer service representative, visit our dealership or call us at 206-382-4300 for more information.