01
How do I decide between a new and a used car in the current Canadian market?
The decision usually comes down to depreciation versus warranty coverage. A new vehicle loses roughly 20 to 30 percent of its value in the first two years, but you get the full manufacturer warranty, the latest safety tech and zero history to investigate. A two-to-three-year-old used car, often a lease return, delivers most of that depreciation to the first owner while still carrying a balance of the original bumper-to-bumper coverage. With median inventory at model year 2022, buyers browsing this page can target that sweet spot where a Tucson or CR-V costs thousands less than new yet still behaves like a current-generation vehicle. Match the choice to your yearly kilometres and planned ownership length.