New vs. used car: When new is cheaper

When a new car is cheaper

Think a new car always costs more than its gently used counterpart? Think again

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(Getty Images)

(Getty Images)

What costs more: a new car or a used one? Surprisingly, if you’re using financing, sometimes the new car is actually cheaper. Edmunds.com has compiled a list of new vehicles that are less expensive to buy compared to their one-year-old counterparts. For instance, a new Ford Focus hatchback would be $600 less. The reason? Used cars are generally financed at a higher rate than new cars.

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