Reasons why buying a used car is a waste of money

Filed under: Canada, Ownership and Repair, New Car Tips

Used cars make up a big part of car sales in Canada (including the best used cars for under $ 15,000 in Canada), but is buying one really worth it? At a glance, it may seem like a used car would save you much more money than buying a new vehicle, but the reality is that it’s just not that simple. It’s true that a used vehicle costs far less upfront and depreciates at a slower rate, but it may come with a host of other issues, like higher maintenance costs, shorter lifespan and many others to carefully consider.

While the initial price and depreciation are certainly important factors to consider when car shopping, they don’t necessarily outweigh all the benefits of purchasing a new car. Click here to find out the biggest reasons why buying a new car may be a better choice than buying used.


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Reasons why buying a used car is a waste of money originally appeared on Autoblog Canada on Wed, 21 May 2014 14:00:00 EST. Please see our terms for use of feeds.

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