Buying a New Car Can Be Cheaper Than Buying Used
A new car cheaper than a used one? Has there been a break in the time/space continuum?
No. It's simply a matter of low depreciation for certain cars combined with high incentives (often including low-interest financing).
The new-cheaper-than-used phenomenon is most common in the large-truck and luxury-car category (Luxury SUVs too).
The biggest new-over-used savings was with the 2010 Audi S4, Premium Plus quattro 4dr Sedan AWD. Over five years of financing, the new car is $5,460 cheaper than a one-year-old used S4.
Another big saving comes from buying a 2010 GMC Sierra 3500HD SLT 4dr Crew Cab 4WD instead of the previous year's model, saving $1,620 over five years' time.
General Motors was the manufacturer with the highest number of new-cheaper-than-used models, with Honda second and BMW, Nissan and Volkswagen tied for third.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate
the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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