By dennismary.slave@gmail.com 
New Vs Used cars. We compare buying a new car vs buying a used car and explain which one makes more sense. In the past, buying a used car could save you a lot of money. Now that is not always the case. Buying a used car could actually be more costly in the end. If you are planning to buy a car in 2024 and want to avoid buyer’s remorse, make sure to watch this video.
Any views or opinions shared in the video are strictly those of the channel, and do not represent the views and opinions of OMVIC. OMVIC does not necessarily endorse the information or any products shared in the video.
Visit to access free car-buying resources and sign up for the quarterly newsletter, Consumer Line.
You can also contact OMVIC’s consumer support team at consumers@omvic.on.ca or 1-800-943-6002 for expert advice and answers to all your car buying questions.
SUBSCRIBE TO CHANNEL:
Website:
Instagram:
TikTok: @shariprymak
ABOUT ME
With over a decade of experience as a professional car buyer and auto consultant, Shari Prymak has helped thousands of consumers with their car buying needs. Car Help Corner provides honest, objective, consumer advice with all aspects of car buying and car ownership. For more professional advice, check out Car Help Canada, become a member, and subscribe!
source
I crunched the numbers and will NOT buy a hybrid. Any potential gasoline savings are wiped out by higher price and then some.
I'm still holding on to my current car hy God's grace and will wait for the used vehicle price to make sense for me. In my previous purchases it has indeed been correct that the used cars depreciate rapidly in the first 5 years and I've been able to reap that reward. Driving my current car now for 10 years, after buying it used, and I've only done oil changes, one set of tires, brskes, and I think I'm on my second pair of wiper blades.
Fox News continues to try to drag down the IQ of the United States… Too bad it actually can’t go down any further!
I just bought a 2024 ford hybrid escape. They offered a discount thru my husbands job so I thought it was a good deal 😢 it is not about the payments which will be high but affordable but it’s because we bought brand new.. not I been having buyers remorse wondering how bad I messed up 😢
I am not familiar with ford and their reliability
I just bought a 2024 ford hybrid escape. They offered a discount thru my husbands job so I thought it was a good deal 😢 it is not about the payments which will be high but affordable but it’s because we bought brand new.. I am now having buyers remorse wondering how bad I messed up 😢
I am not familiar with ford and their reliability.
Was glad to hear in Your video that buying a brand new hybrid it’s not so bad.. expensive tho 😅 and resell value it’s good too 🤞
We looked used vehicles and they were almost the same.. $8-10k dlls cheaper
I am in Ontario and considering buying a Honda Pilot EX-L, brand new costs me cad 58,968 and 2021 Honda Pilot EX-L costs me 40k. Is that a good buy or should i consider buying a new vehicle?
Always buy new car ❤
Excellent advice. Thx!
What about 2024 used around 12000 miles between brand new 2025 Honda hrv? I have no idea 😢
"At the end of the day, you have a 3 yr old vehicle, which means it has already lost 3 years of value." Ok…?
What are you talking about?
During COVID I actually paid less for a brand new 2022 Rav 4 than a 2020 Rav 4 that the dealer had on the lot! Exact same options.
Looking at a 2022 Toyota Highlander XLE with 46,000miles and like you say it’s at a premium price because of shortages of 2025 highlanders.😗
I bought a lincoln town car 2006 for 6000 dollars , three years ago , with 50,000 original mils ! In and out looks brand new and runs like brand new . in comfort and smootness no car can match this car !! so far so good not even a single problem !
I always buy new, but pay them cash and have them for 10 years
I just bought a 2018 nissan maxima platinum for $13,000 2 weeks ago. That car's original msrp was $41,000. It only had 40,000 miles and some minor cosmetic blemishes. I say it was a great deal.
Ive been looking at the Corolla Cross as well as the RAV4, I'm in Florida btw. Everything I've found used has higher mileage the average at about 45 thousand miles and somewhere between one and 5 years old. They are selling for several thousand dollars over the original MSRP and it blows my mind away. Most of them are also base models. 🤦
I just buy tesla
while used car prices have not come down one bit, dealers are now discounting even popular models like the Corolla under MSRP. I got a quote for a Corolla at 1500 off MSRP
Any thoughts about getting a new Skoda Octavia vs a used one ?
This video has a massive oversight: I'm poor
Ahhh… I bought a 2011 Avalon in 2014 certified used..25k. Still under warranty. Toyota was giving 2% on certified used cars. Timing and homework. Paid it off in 2 yrs. $20k less than a new Avalon.
Thanks, I luckily avoided this mistake! Thx for explaining!
I disagree with the rav 4 most of the stuff you said is ok with a rav
Well OK, but as Shari has pointed out in another video, dealer markups, add-ons and junk fees on new cars are built-in these days, making lightly used cars an even better bargain
In the market for a new (to me) vehicle. Does it makes sense to go for a used 2021 civic sport with 45k-50k miles for $20k rather than pay for a new 2024 civic sport at 27k? I'm not sure if I should save the upfront cost with the used car and take the hit on maintenance and repairs in this case
So maybe 20 percent savings for a 2 year old car is decent?
45 thousand dollars !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yep. The 2023 Prius is being sold used with a worse trim for more than the MSRP of a new 2024 Prius. It’s insane.
Hello . Iam buying a certified 2023 mazda 3 sedan carbon edition with 5000 miles for $25635 out the door. Another dealer asked me if they can beat 2023 price with a 2024 will I buy make a deal with them?? It sounds too good to be true correct?
Not agree. 27000 new Corolla gonna cost me 37000 after markups and fees
Not dealing with dealers at all. It’s a total scam. That’s why decided to buy a car only from private sellers and used 4-6 years old. Minimizing the risk buying a Low mileage and reliable brands. Checking a car in a shop before buying. If I’m gonna get a German luxury cars for sure I’m gonna go with new cars and the warranty.
Good luck finding a 2 year old car for 30% off. If you do, it’s probably been totalled.