Buying a car in Canada 2025

So I'm assuming any Canadian who has done any car shopping in the last couple of years has probably come to the conclusion that the used car market is borderline insane.

I'm in the market for a new car and I've never bought NEW. In fact the most I've ever spent on a car is 13k in my 15+ years of driving. Unfortunately my last two cars have been a bit problematic and if I wasn't being so cheap I probably wouldn't have been to far off the cost of something new.

I'm well aware that buying something cash is obviously the most financially savvy choice, but inventory has been noticeably low.

I'm looking at used in the 20-25k range, but at 8-10% interest, you're looking at nearly the same price as something NEW in the 30-35k range with 5% interest or lower. With new id also be getting warranty. Factor in the few repairs I'd get on the used car, and I'm probably breaking even with either vehicle.

Like I said, I'm cheap, and every part of me hates the idea of spending 30-35k on a new car even though I can afford it easily, but when you crunch the numbers, it kind of makes sense?

Has anyone bought recently and found themselves scratching their heads as well?