Benefits of Buying a Used Colorado

Buying used gets you immediate savings

We all know that a used car comes with a lower sticker price than a new one, all else being equal. But there are many other ways that buying a used Chevrolet Colorado can save you money. In Texas, used vehicle buyers owe 6.25% of the sale price as tax. Therefore, a lower sticker price can reduce your tax obligation — and that can be lowered even further if you trade in your current car. Plus, if you finance, your down payment will be able to go toward a larger portion of the total balance. This reduces your loan amount and thus saves you even more on interest. Car insurance policies also tend to be more affordable for used vehicles, adding to yet more savings.

Buying used is a sensible long-term purchase

Buying used can help save you money right away, but it’s also a sensible long-term purchase thanks to depreciation. Almost all cars lose value over time, and usually more so in the first 3-5 years after initial purchase. Later on in a car’s life, it remains more stable. So when you buy used, you can often avoid the initial depreciation hit and thus start building positive equity.

And when it’s time to get back on the car market, you’ll be able to sell your used Chevy Colorado for a larger portion of the price you originally paid than if you had bought it new. Trade it in for a newer Colorado model, and you’ll be able to keep enjoying recent features at a much more affordable price than by hoping from new model to new model.

Buying used isn’t as compromised as you might think

Vehicle reliability is getting better and better all the time, so buying a used Chevrolet Colorado in the 2020s isn’t the same as buying a used car a decade or two before. Long warranties and trusted dependability will ensure you can keep putting your used Colorado to work even after it’s been put through its paces by a previous owner.

If you’re looking for modern features, buying used isn’t as compromised as you might think. One of the advantages of buying used is creating more room in your budget for higher trim levels. Instead of pocketing the savings, you can put them toward a better-equipped trim. You may be able to buy, for example, a used Colorado Z71 with all the bells and whistles for a price comparable to a new Chevrolet Colorado LT, a lower trim.

Buying used still comes with great features

For some drivers, features like Apple CarPlay® and Android Auto™, USB ports, and smart safety features are a must-have. Fortunately, you don’t have to get a brand-new Colorado to get these. Even as far back as 2017, most Colorado models came with standard smartphone connectivity, for example. And of course, if you’re shopping for utility, you’ll get a lot of it when you purchase any Colorado of any year. Even a model as old as the 2008 Colorado could still tow up to 5,500 pounds, which is still more than some new midsize pickup trucks can handle. Plus, this practical truck has never lacked for passenger or bed space.