Comparing a used vs. new car in Canada in 2026? Here’s what a $25,000 vehicle budget really means once depreciation, financing, tax, fuel, insurance, maintenance and long-term ownership costs enter the picture.
A $25,000 vehicle budget sounds straightforward until you actually start shopping.
Do you put that money toward an entry-level new vehicle with a full factory warranty? Or do you use the same budget for a late-model pre-owned vehicle that may offer more space, equi