While the Series 3 is an excellent deal for those who don't want to splurge on a $400 Apple Watch, it's worth noting exactly what you're missing by opting for a cheaper model.
The Series 5 is the first Apple Watch to feature an always-on display, which means that even when the screen is inactive it will continue to display its watch face. That makes the Apple Watch much more useful at its most important job — telling the time — since you'll no longer have to raise your wrist or touch the watch to activate the screen.
Apple's latest smartwatch also has a compass, which makes apps that rely on location data like Apple Maps all the more accurate. There's also support for international emergency calling on the Series 5, which could be an appealing addition for frequent travelers.
The Series 5 also retains the standout features that launched on its predecessor, the Series 4, which Apple no longer sells. Such capabilities include the ability to detect when the wearer takes a hard fall, an electrical heart rate sensor that can take electrocardiogram readings, a second-generation optical heart rate sensor, a faster processor, and a new design with a larger screen. The Series 3 lacks all of these improvements.
You'll also have much more choice when it comes to customization and color options if you opt for the Series 5, since the Series 3 is currently only available in the Space Gray or silver aluminum finish.