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Tuesday, April 16, 2024

Are New Cars Really Cheaper Than Used?

Recent reports show that many new cars are actually cheaper than their used counterparts. There are two reasons causing this seemingly illogical change. First, the economic downturn has increased demand for used vehicles. Second, increased competition between manufacturers have improved rebates, incentives and financing options.

It makes sense to consider used if you're looking for an inexpensive car. However, the increase in used car buying has inflated prices.

When comparing the actual price of 2010 models, after factoring in low interest financing and aggressive incentive offers, you'll find many new models are selling for less.

A few excellent examples of this are:
2010 Lincoln MKX – selling for about $2,500 less.
2010 Mazda CX-9 – $3,500 less.
2010 Nissan Armada -  $5,000 less.
2010 Porsche Cayenne – $4,000 less.
2010 Volvo S40 – $2,500 less.

Compare new verses used prices before you buy to ensure you get the best deal possible.