New vs Used Comparison - City Car
Compare the total cost of a new vehicle versus a used vehicle over several years.
💳 AUTO FINANCING: Monthly payments and credit costs shown are ESTIMATES based on average market rates. The actual APR depends on your profile (income, down payment, credit history), the lender, and current conditions. These calculations do NOT constitute a credit offer. For financing, contact multiple lenders and compare PERSONALIZED offers. Credit is a commitment and must be repaid.
Frequently Asked Questions
New or used: which is more economical?
Used is generally more economical because depreciation is lower. But new offers warranty, reliability and recent technologies.
What is the average depreciation of a new vehicle?
A new vehicle loses 20-25% the first year, then 10-15% in following years. After 5 years, it's worth only 40-50% of its initial price.
Does used car maintenance cost more?
Generally yes, 30-50% more than a new car under warranty. Wear parts (brakes, clutch) often need replacement.
What's the ideal age for a used car?
Best value is between 2 and 4 years: significant depreciation already occurred, but vehicle still reliable and recent.
Should financing be considered?
Yes, interest rates are often higher for used (+1 to 2 points). This reduces the cost gap with new.