Some New Cars Now Cheaper than Used
Are you contemplating purchasing a vehicle? Which is a better investment, new or used? 
According to Edmunds In tough economic times it makes sense to maximize every dollar. In terms of car buying, that suggests buying a clean used car instead of springing for the shiny new one. But is buying a used car always cheaper than buying a new vehicle? In most typical economic climates, the answer is a resounding “yes.” However, the 2009 economic climate is anything but typical. In fact, the deals on some new cars are so generous they actually make a new car less expensive than both a one-year-old used and certified pre-owned version of the same model. To illustrate this point, Edmunds.com compared the vehicles’ True Market Value® transaction prices and the interest payments typically made for each vehicle. Because used/certified pre-owned cars are generally financed at a higher rate than new cars, a shopper can actually save money by purchasing a new vehicle instead of a used version in some cases.
Since new vehicles have inherent advantages over used vehicles, we also looked at vehicles whose total payment costs for new and used were similar and have included them in our analysis. Follow the link below to view a list of new vehicles that are either less expensive or nearly the same to buy when compared to their average one-year-old used counterparts.
We always recommend having a prepurchase inspection done on any used vehicle you are considering purchasing. Having a prepurchase inspection done can alert you to any problems with the vehicle and also give you some bargaining power in negotiating the final price if you know what the cost of any needed repairs will be. See the full article at http://www.edmunds.com/industry-car-news/new-vs-used-car-buying.html%23a-used
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