Should I buy a used or new vehicle?

There are advantages and disadvantages to buying both new and used vehicles. With a new car you do not have to worry about prior usage or service history, and there is a new car warranty that will cover most needed repairs for a period of time.

With a used car, you can avoid taking the loss of the initial depreciation of value that accompanies a new car, and your overall cost of ownership can be lower. Whether you purchase new or used, choosing a vehicle that suits your needs and that has a reliable service history will help ensure that you are getting the most value for your money. It is good to remember that not all used car dealerships in Alberta do quality inspections.

Questions to consider when buying a pre-owned vehicle

  • What is the history of the vehicle?
  • What is the condition of the vehicle? Ask for a CarProof.
  • Ask about a warranty.
  • Check out the dealer including BBB reports and online reviews.

Check out the Canadian Consumer Handbook on Vehicle Purchasing for more helpful information.