05/22/2014 10:51 EDT | Updated 05/22/2014 10:59 EDT

Reasons Why Buying A Used Car Is A Waste Of Money

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Used cars make up a big part of car sales in Canada (including the best used cars for under $15,000 in Canada), but is buying one really worth it? At a glance, it may seem like a used car would save you much more money than buying a new vehicle, but the reality is that it's just not that simple. It's true that a used vehicle costs far less upfront and depreciates at a slower rate, but it may come with a host of other issues, like higher maintenance costs, shorter lifespan and many others to carefully consider.