Used Trucks vs Used SUVs: Which is Better for the Price?
If you’re looking to buy your next vehicle, you may be trying to decide between a used truck and an SUV. These vehicles offer similar benefits, making it hard to decide between them. Below, our team at Cochran cars in Youngstown has put together some of the advantages of opting for a used vehicle rather than a new one, along with some things to consider to help you decide between a truck and an SUV.
Benefits of Buying a Used Vehicle
Let’s start by looking at some benefits of buying a used SUV or truck rather than a new one. The biggest reason to purchase a used vehicle is the price. Pre-owned vehicles are typically more affordable than their new counterparts because vehicles lose their value as they age and gain more mileage. So, if you’re looking to save a little money on your next vehicle purchase, going with a used vehicle is a great choice.
Since used vehicles have a lower value, they’re easier to finance. If you’re concerned about being able to get a loan because of your credit history, know that it’s easier to secure financing if you don’t need to borrow as much. Going with a used vehicle makes it more likely that you’ll get approved for a loan and receive reasonable terms. In addition, used vehicles usually make your auto insurance costs more affordable since the insurance provider doesn’t have to take as much risk.
Another great benefit of buying a used vehicle is that more options are available to you. With new vehicles, you’re limited to only those vehicles made within the past year or so. However, opting for a used vehicle allows you to get something made from practically any other year. The only limitation is what you can find at your local dealerships. This can make finding an SUV or truck that fits your specific needs easier.
Finally, used vehicles are often a better investment. Over time, all vehicles lose value. However, most of this value happens within the first few years. In fact, a large chunk of a new vehicle’s value disappears as soon as you drive it off the lot. However, if you choose a used vehicle, this depreciation happens a lot slower. This means that when it comes time to sell or trade in your vehicle, it’ll have a value that’s closer to what you paid for it.
Longevity of Used Trucks vs. Used SUVs
Now that we know the general benefits of getting a used vehicle, let’s look at the decisions you should consider to help you choose between a truck or an SUV. One factor to think about is the longevity of the two vehicles. How long a vehicle lasts largely depends on how the previous owner used it. For example, an SUV primarily used for driving around town will likely last longer than a truck used for heavy construction work.
Basically, used SUVs will likely last longer than trucks since trucks are typically used for more heavy-duty work. However, it would be best if you tried to learn about the vehicle history of any option you’re considering to see how the previous owner used it. You may find that the previous owner of an SUV used it for off-roading, while the previous owner of a used truck usually left it in the driveway.
Which Is the Better Fit for Your Needs?
The next thing to consider is which vehicle fits your needs better. If you need a powerful vehicle that’s capable of hauling large payloads or towing heavy equipment, you’ll likely want to search for a used truck. On the other hand, if you’re looking for a vehicle for your family, you may prefer the extra seating and safety features of a used SUV.
If you’re unsure, SUVs are some of the most versatile vehicles on the road. Some models have extra passenger space, plenty of cargo room, entertainment amenities for kids, and the ability to tow small loads. We recommend starting your search with a used SUV and seeing if you can find a model that would fit your everyday lifestyle.
What Are the Average Costs of Used Trucks vs. Used SUVs?
Finally, there’s the average cost of each vehicle to consider. The cost of a used vehicle depends on a lot of factors, such as the year, mileage, model, and features. This makes it hard to compare the average price of a used truck vs. a used SUV. For example, the cost of a basic work truck may be less than a fully-equipped SUV, or a 10-year-old SUV may cost less than a 5-year-old truck.
However, large SUVs typically cost more than full-size trucks. This changes a bit with smaller vehicles, as midsized trucks and SUVs are around the same price. When trying to find a vehicle that’s right for you regarding cost, it’s more about the age and mileage of a vehicle rather than whether it’s a truck or SUV.
Explore Your Options at Cochran Cars
After considering everything, which is better for the price, used SUVs or used trucks? The answer is that it depends. You’ll need to think carefully about what it is you want in your vehicle. This means not only the features and capabilities you want from your next vehicle but factors such as mileage and age of the vehicle. Typically, the more mileage on a vehicle you’re willing to accept, the lower the price.
Luckily, here at Cochran Cars, we have many used trucks and used SUVs for you to consider. Our team would be happy to discuss your needs, then show you plenty of options that might fit what you’re looking for. We can take you out for test drives and provide vehicle history reports, allowing you to make an informed decision. To get started, you can browse through our current inventory online or contact us to schedule a visit to our dealership. We look forward to helping you find the perfect used truck or SUV for your lifestyle and budget.