If you’re weighing the pros and cons of buying a used car, you’re not alone. Plenty of Saskatchewan drivers run through this mental tug-of-war before making a decision. And suppose you’re browsing for options at a Platinum Autosport used car dealership. In that case, you’re already in a good spot — great inventory, transparent guidance, and some of the friendliest folks on the Prairies. But before you jump into the car-buying process, let’s talk strategy. Buying a used car (or even deciding on a new or used car) isn’t something you rush, like grabbing Timbits on a road trip. It’s a decision shaped by your lifestyle, budget, and, yes, your personal preferences.
Below, we’ll break down the real-world advantages and drawbacks of used cars, compare them to new vehicles, and look at factors like maintenance and repair costs, safety features, insurance premiums, and more. By the end, you’ll be well equipped to make an informed decision about the perfect vehicle for your needs.
The Pros of Buying a Used Car
1. Serious Cost Savings
Let’s start with the obvious: used vehicles are generally cheaper. Whether you’re checking out compact sedans or eyeing sports cars, pre-owned models often deliver major cost savings without sacrificing what drivers actually care about — reliability, comfort, and functionality.
Used cars cost less not only upfront, but also in related expenses. You’ll often see cheaper insurance, a lower car loan amount, and roomier breathing space in your monthly budget. New cars, on the other hand, tend to come with a higher price tag, higher insurance rates, and sometimes higher interest rates, depending on the lender.
Not to mention, cars depreciate quickly. The moment a new vehicle leaves the dealership lot, its value drops faster than the temperature during a Winnipeg cold snap. Buying a used car means you skip that steep early depreciation curve and keep more of your money where it belongs — in your pocket.
2. Lower Monthly Payments and More Inventory Choices
With a used vehicle, your monthly payments are often noticeably more affordable. That means you can shop from a wider car inventory, explore different models, test multiple model years, and choose features that suit your lifestyle instead of settling based on budget constraints.
Buying used allows shoppers to compare newer models that still offer many of the latest features, including tech advancements, touchscreen displays, and improved infotainment systems. Sure, not every used car will have adaptive cruise control, lane-assist systems, or the latest technology, but a surprising number do — especially vehicles just a couple of years old.
3. Lower Insurance Premiums
Insurance providers calculate rates based on dozens of factors, including the car’s original price, age, and risk of theft or severe damage. Since pre-owned vehicles come with a lower value, you often get lower insurance premiums right out of the gate.
That’s a small win that adds up quickly — kind of like finding an extra nugget in your chicken strip box.
4. Certified Pre-Owned (CPO): The Middle Ground
If you’re worried about unexpected repairs, major repairs, or unexpected repair costs, certified pre-owned programs are your friend. A CPO vehicle offers a middle ground between new and used. These vehicles undergo thorough inspections, include some form of warranty coverage, and usually come with perks like roadside assistance or an extended warranty.
Many drivers choose CPO cars because they are newer, have low kilometres, and offer additional peace of mind. Whether you’re comparing certified pre-owned CPO options or deciding between a new or used vehicle, this category is a wise choice for shoppers who want reassurance without paying a new-car premium.
5. Slower Depreciation
Another perk of buying a used vehicle? The depreciation slows down dramatically. While new cars drop in value the moment they’re registered, used cars depreciate more gently. You may not get all your money back when you resell (this isn’t the stock market), but your used vehicle won’t experience the same steep decline as new cars in the first three years.
This makes used vehicles a smart option if you plan to trade up later or simply want to save money over time.
The Cons of Buying a Used Car
Okay, now for the flip side. While buying a used car has plenty of perks, it also comes with trade-offs worth considering.
1. More Maintenance and Higher Risk of Repairs
Used cars may come with higher maintenance, more maintenance, and sometimes higher repair costs depending on the previous owner and how well the vehicle was cared for. Even with a thorough inspection, older vehicles can develop maintenance issues or unexpected problems that newer models typically avoid.
That said, not every used vehicle is a risk — far from it. Many modern cars are built to last well past 200,000 km. But the higher risk of early repairs or component replacements is worth keeping in mind.
2. Limited Warranties
A new vehicle comes with full manufacturer warranties that can last up to 5 years or more. Used cars, on the other hand, typically offer limited warranty options, and in some cases, no warranty at all unless you select a CPO model.
This means repairing certain components (especially high-ticket items) might land on your shoulders earlier than expected.
3. Fewer Customization Options
When buying a new car, you can choose colours, trims, packages, add-ons, and accessories to your heart’s content. With used vehicles, you work with what’s available. Inventory is wide, sure — but you may not get the exact colour, engine type, or feature bundle you dreamed of.
Who knew choosing between “slightly-different-shade-of-silver #1” and “slightly-different-shade-of-silver #2” could be a sport?
4. Older Safety Features (But Not Always a Bad Thing)
When comparing a used vehicle to a newer one, you might notice that the safety features vary quite a bit. Newer cars often come with the latest features, such as collision-avoidance systems, blind-spot sensors, and adaptive cruise control. These are wonderful additions, especially for highway commuters or new drivers.
Used cars, depending on their model years, may have fewer advanced features. That said, they still include crucial systems such as anti-lock braking, traction control, and front- and side-airbags. Many newer models on the used market already offer robust safety technology at a more accessible price. So while buying a new car might give you the latest technology, buying used doesn’t mean compromising safety — it simply requires a little more thorough research into reliability ratings and available equipment.
5. Higher Interest Rates on Older Vehicles
It’s not always the case, but lenders sometimes offer higher loan rates for used cars than for new vehicles. This can lead to higher monthly payments in some situations, but not always — especially when the overall price of a used car is still much lower.
Getting pre-approved for financing before you head to the dealership can help you understand what you qualify for and avoid surprises. Plus, when you shop at a dealership with a large car inventory, you can compare options to find the best deal that meets your budget.
6. Typically Shorter Warranty Coverage
One more factor to consider is that a used car’s coverage is typically shorter than that of a new car. While some used vehicles still carry a portion of their original full warranty, that’s not universal. And while extended protection options like an extended warranty can help cover unexpected repairs, they still add to the total cost.
Again, CPO cars offer a great middle ground, providing additional warranty coverage and thorough inspections while still offering the cost savings of buying pre-owned.
Used Car vs. New Car: Which Is Better for You?
Now that we’ve covered the pros and cons of buying a used car, let’s stack them up against the pros and cons of buying a new car. Comparing a new or used car is often less about the vehicle itself and more about your lifestyle, financial comfort, and long-term goals.
Here’s a quick breakdown:
Why People Choose New Cars
- You get manufacturer warranties from day one.
- You enjoy the latest technology and advanced safety features.
- There are endless fewer customization options — colours, trims, packages.
- Since no one else has driven it, you skip concerns about a previous owner.
- Maintenance tends to be minimal early on.
Why People Choose Used Cars
- They’re more affordable, letting you save money upfront.
- Vehicles have already taken the steep depreciation hit.
- You can find newer models for less, often with modern cars offering features.
- Insurance premiums are lower.
- CPO models add confidence with limited warranty protection.
If you’re someone who values long-term peace of mind and wants every available bell and whistle, a new vehicle might fit your personality. But if you prioritize financial flexibility, cost savings, or simply want something reliable without the higher price tag, then buying a used model might be your wise choice.
There’s no wrong answer — just the answer that fits your personal preferences.
How to Shop Smart When Buying a Used Car
You’ve weighed the pros. You’ve seen the cons. Now let’s talk about how to navigate the actual car-buying experience.
1. Do Your Own Research
Before you step inside a dealership, take some time to narrow down which models, vehicles, features, and model years fit your needs. Look up reliability ratings, common maintenance issues, and expected repair costs. Consider fuel-efficient options if you’re commuting, or sports cars if you’re feeling bold (or having a quarter-life crisis — we don’t judge).
2. Review the Vehicle History
Ask about any accidents, service records, or major repairs from the previous owner. This can help you avoid unexpected problems or cars with a higher risk of breakdowns.
3. Take a Proper Test Drive
A test drive tells you more about a used car than any online listing. Listen for odd noises, test the brakes, check responsiveness, and make sure the cabin feels comfortable. A vehicle can look great on paper but feel completely wrong behind the wheel — kind of like ordering a fancy coffee you thought you’d like and immediately regretting it.
4. Get a Thorough Inspection
A trusted technician should perform a full check, even on CPO cars. A thorough inspection or third-party review can uncover anything from minor maintenance needs to potential major repairs. This step is non-negotiable if you want long-term value from your purchase.
5. Understand the Total Cost of Ownership
A car isn’t just a purchase — it’s a commitment. Keep an eye on maintenance and repair costs, insurance rates, and potential unexpected repair costs. The “sticker price” is just one piece of the budgeting puzzle.
Choosing between a new and a used vehicle doesn’t have to feel overwhelming. By understanding the pros and cons of buying a used car, you put yourself in the driver’s seat — figuratively first, literally soon after.
A used vehicle is often the smartest financial move thanks to its lower cost, slower depreciation, and large market selection. New vehicles shine when you crave the latest technology, a fresh warranty, and tailor-made customization.
Either way, you can make an informed decision that fits your budget, goals, and lifestyle. And when you’re ready to start exploring used cars with confidence, Platinum Autosports is here to help you find the perfect vehicle — no stress, no pressure, just experienced guidance and a team that loves pairing people with the right car.
If you’re ready, swing by for a test drive and let’s find the ride that fits you best.