Audi A1 is one of the new cars that can be cheaper to own from new than buy used. (Picture © Audi)
New cars cheaper than used? Surely it flies in the face of popular wisdom that suggests you’ll save money owning a used car compared to a new model. This is because from the moment you start owning a car its value starts tumbling. It’s called depreciation and it beats the cost of fuel, insurance and servicing to be the largest contributor towards the amount we pay to go motoring. Depreciation is at its steepest – and therefore costliest – in year one of the life of most new cars. That’s why it’s generally regarded as being cheaper to own a used car. Continue reading