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Should You Always Buy a Used Car? Common Car Buying Myths Debunked

10.23.25 // Planning & Retirement // Media // Blog Article

The car market has changed dramatically since the pandemic—and so should your buying strategy.

With average new vehicles now costing $64,445 and used cars at $37,664, the old "always buy used" advice may be costing you more than you think. In this Globe and Mail feature, I break down three pieces of outdated financial advice that advisors still give clients when purchasing vehicles:

  • Why buying new can actually make financial sense in 2025
  • When extended warranties are worth the investment (and when they're not)
  • The hidden trap of stretching out car payments to "invest the difference"

If you're planning a vehicle purchase or advising clients on major buying decisions, understanding today's automotive landscape is critical to making smart financial choices.

Read the full Globe and Mail article here →

Published: October 2025

Tag Cloud
Financial Planning // Car Buying Advice // New vs Used Cars // Car Financing Strategy // Extended Warranty
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