Remember the extensive discussion we had a few months ago about new versus used? Playing the role of the devil's advocate, I advanced the notion that with incentives and the rising cost of used cars, some cars might actually be cheaper to buy new rather than used. What followed was a great conversation where a few people joined me, but most people found a lot of intelligent and well-reasoned ways to tell me I was wrong.
Well, Edmunds has given me a little ammo for the argument by compiling a list of cars it's cheaper to buy new than used when financed with the same length of loan. Of course, they make it a little easier on themselves than I did by comparing the cost of a new car to a used car that's only one year old and financing both with a 60-month auto loan, which will carry a significantly higher rate with a used car than a new one, but still the list is actually pretty long.
The common thread is that many of the cars have high resale values. Audi and BMW are well-represented, as is Mazda. The car you stand to save the most on by buying new is the Audi S4, a high performance-performance variant of the A4. The other cars on the list are those where your total outlay for buying a new over a used model is just a few hundred dollars over the life of the loan.
So what do you think? Does this list change your mind or am I still wrong?