Infographic: New Cars vs. Used Cars

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Updated On: October 31, 2024

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For the average adult Canadian a car is not only their main form of transportation, it’s a necessity. Purchasing a “new to you” car is a huge investment, therefore, it’s important that you weigh all your options before you make your final decision. One of the most important, and potentially most difficult choices to make during the car buying process is choosing between a brand new vehicle and a used vehicle. To help you with your decision, we’ve created an infographic that compares the pros and cons of a new car vs. a used car, take a look.

Looking for more information on car ownership or your auto financing options?

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Caitlin Wood, BA

Caitlin Wood is the Editor-in-Chief at Loans Canada and specializes in personal finance. She is a graduate of Dawson College and Concordia University and has been working in the personal finance industry for over ten years. Caitlin has covered various subjects such as debt, credit, and loans. Her work has been published on Zoocasa, GoDaddy, and deBanked. She believes that education and knowledge are the two most important factors in the creation of healthy financial habits. She also believes that openly discussing money and credit, and the responsibilities that come with them can lead to better decisions and a greater sense of financial security.

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