Some New Cars Now Cheaper Than Used Cars

New Vehicles Cost vs. Used Vehicle Cost


In tough economic times it makes sense to maximize every dollar. In terms of car buying, that suggests buying a clean used car instead of springing for the shiny new one. But is buying a used car always cheaper than buying a new vehicle? In most typical economic climates, the answer is a resounding "yes." However, the current economic climate is anything but typical. In fact, the deals on some new cars are so generous they actually make a new car less expensive than both a one-year-old used and certified pre-owned version of the same model.

To illustrate this point, Edmunds.com compared the vehicles' True Market Value® transaction prices and the interest payments typically made for each vehicle. Because used/certified pre-owned cars are generally financed at a higher rate than new cars, a shopper can actually save money by purchasing a new vehicle instead of a used version in some cases.

Since new vehicles have inherent advantages over used vehicles, we also looked at vehicles whose total payment costs for new and used were similar and have included them in our analysis. Below is a list of new vehicles that are either less expensive or nearly the same to buy when compared to their average one-year-old used counterparts:*

See New Vehicles Cost vs. CPO Vehicle Cost

New Vehicles Cost vs. Used Vehicle Cost

Make: A | C | F | G | H | J | K | L | M | N | R | T | V

Vehicle Typical Monthly
Payment New
Typical Monthly
Payment Used
Total Savings
Over Term
Acura TSX 4dr Sedan (2.4L 4cyl 5A) $509 $485 -$1,440
Acura TSX Sport Wagon 4dr Wagon w/Technology Package (2.4L 4cyl 5A) $586 $563 -$1,380
Chevrolet Silverado 2500HD Work Truck 2dr Regular Cab LB (6.0L 8cyl 6A) $460 $444 -$960
Chevrolet Silverado 3500HD Work Truck 4dr Crew Cab SB (6.0L 8cyl 6A) $562 $536 -$1,560
Ford Focus Electric 4dr Hatchback (electric DD) $503 $550 $2,820
GMC Acadia SLE-1 4dr SUV (3.6L 6cyl 6A) $563 $568 $300
GMC Sierra 2500HD Work Truck 4dr Crew Cab 4WD SB (6.0L 8cyl 6A) $580 $554 -$1,560
Honda Accord Sport 4dr Sedan (2.4L 4cyl 6M) $409 $399 -$600
Honda CR-V LX 4dr SUV AWD (2.4L 4cyl 5A) $418 $409 -$540
Honda Odyssey LX 4dr Minivan (3.5L 6cyl 6A) $481 $459 -$1,320
Honda Pilot EX-L 4dr SUV 4WD w/Rear Entertainment (3.5L 6cyl 5 $641 $614 -$1,620
Hyundai Azera 4dr Sedan (3.3L 6cyl 6A) $523 $509 -$840
Hyundai Elantra Coupe 2dr Coupe (2.0L 4cyl 6A) $341 $340 -$60
Hyundai Veloster 3dr Hatchback w/Black Interior (1.6L 4cyl 6AM) $338 $322 -$960
Jeep Wrangler Unlimited Sport 4dr SUV 4WD (3.6L 6cyl 6M) $467 $453 -$840
Kia Soul 4dr Wagon (1.6L 4cyl 6A) $295 $281 -$840
Lexus GX 460 4dr SUV 4WD (4.6L 8cyl 6A) $867 $836 -$1,860
Mazda MAZDA5 Sport 4dr Minivan (2.5L 4cyl 5A) $347 $334 -$780
Mitsubishi Lancer ES 4dr Sedan (2.0L 4cyl CVT) $301 $293 -$480
Nissan Frontier S 4dr King Cab 6.1 ft. SB (2.5L 4cyl 5M) $314 $308 -$360
Nissan Murano SL 4dr SUV AWD (3.5L 6cyl CVT) $588 $570 -$1,080
Nissan Titan SV 4dr Crew Cab SB (5.6L 8cyl 5A) $535 $547 $720
Ram 3500 Laramie 4dr Crew Cab 4WD LB (5.7L 8cyl 6A) $759 $752 -$420
Toyota 4Runner Trail 4dr SUV 4WD (4.0L 6cyl 5A) $609 $599 -$600
Toyota Avalon XLE Touring 4dr Sedan (3.5L 6cyl 6A) $579 $570 -$540
Toyota Camry SE 4dr Sedan (2.5L 4cyl 6A) $373 $373 $0
Toyota Camry Hybrid LE 4dr Sedan (2.5L 4cyl gas/electric hybrid CVT) $422 $423 $60
Toyota Prius Three 4dr Hatchback (1.8L 4cyl gas/electric hybrid $418 $443 $1,500
Toyota Prius c Two 4dr Hatchback (1.5L 4cyl gas/electric hybrid C $346 $336 -$600
Toyota Prius v Three 4dr Wagon (1.8L 4cyl gas/electric hybrid CVT $456 $474 $1,080
Toyota RAV4 XLE 4dr SUV AWD (2.5L 4cyl 6A) $457 $438 -$1,140
Toyota Sienna XLE 8-Passenger 4dr Minivan (3.5L 6cyl 6A) $537 $536 -$60
Toyota Tacoma V6 4dr Double Cab 4WD 5.0 ft. SB (4.0L 6cyl 5A) $495 $480 -$900
Toyota Tundra Limited FFV 4dr CrewMax 4WD SB (5.7L 8cyl 6A) $718 $688 -$1,800
Toyota Venza XLE 4dr Wagon AWD (3.5L 6cyl 6A) $560 $552 -$480
Volkswagen Tiguan SE 4dr SUV (2.0L 4cyl Turbo 6A) $460 $452 -$480

Below is a list of new vehicles that are either less expensive or nearly the same to buy when compared to their average one-year-old CPO counterparts:*

Make: A | C | F | G | H | J | K | L | M | N | R | T | V

Vehicle Typical Monthly
Payment New
Typical Monthly
Payment CPO
Total Savings
Over Term
Acura TSX Sport Wagon 4dr Wagon w/Technology Package (2.4L 4cyl 5A) $586 $576 -$600
Acura TSX 4dr Sedan (2.4L 4cyl 5A) $509 $498 -$660
Audi allroad Premium quattro 4dr Wagon AWD (2.0L 4cyl Turbo 8A) $688 $663 -$1,500
Chevrolet Silverado 2500HD Work Truck 2dr Regular Cab LB (6.0L 8cyl 6A) $460 $440 -$1,200
Chevrolet Silverado 3500HD Work Truck 2dr Regular Cab LB (6.0L 8cyl 6A) $485 $462 -$1,380
Ford Focus Electric 4dr Hatchback (electric DD) $503 $542 $2,340
GMC Acadia SLE-1 4dr SUV (3.6L 6cyl 6A) $563 $564 $60
GMC Sierra 2500HD Work Truck 2dr Regular Cab LB (6.0L 8cyl 6A) $467 $448 -$1,140
Honda CR-V LX 4dr SUV AWD (2.4L 4cyl 5A) $418 $411 -$420
Honda Accord Sport 4dr Sedan (2.4L 4cyl 6M) $409 $400 -$540
Honda Odyssey LX 4dr Minivan (3.5L 6cyl 6A) $481 $459 -$1,320
Honda Pilot EX-L 4dr SUV 4WD w/Rear Entertainment (3.5L 6cyl 5 $641 $613 -$1,680
Hyundai Elantra Coupe 2dr Coupe (2.0L 4cyl 6A) $341 $352 $660
Hyundai Sonata GLS 4dr Sedan (2.4L 4cyl 6A) $350 $347 -$180
Hyundai Azera 4dr Sedan (3.3L 6cyl 6A) $523 $515 -$480
Hyundai Accent GS 4dr Hatchback (1.6L 4cyl 6M) $263 $251 -$720
Hyundai Veloster Turbo 3dr Hatchback w/Black Interior (1.6L 4cyl Tu $408 $395 -$780
Jeep Wrangler Unlimited Sport 4dr SUV 4WD (3.6L 6cyl 6M) $467 $449 -$1,080
Kia Soul 4dr Wagon (1.6L 4cyl 6A) $295 $292 -$180
Lexus GX 460 4dr SUV 4WD (4.6L 8cyl 6A) $867 $843 -$1,440
Mazda MAZDA5 Sport 4dr Minivan (2.5L 4cyl 5A) $347 $352 $300
Mazda MAZDA2 Sport 4dr Hatchback (1.5L 4cyl 4A) $270 $261 -$540
Mazda MAZDA3 i Touring 4dr Sedan (2.0L 4cyl 6A) $363 $351 -$720
Mazda CX-9 Sport 4dr SUV (3.7L 6cyl 6A) $492 $469 -$1,380
Mitsubishi Lancer ES 4dr Sedan (2.0L 4cyl CVT) $301 $298 -$180
Nissan Titan SV 4dr Crew Cab SB (5.6L 8cyl 5A) $535 $547 $720
Nissan Frontier S 4dr King Cab 6.1 ft. SB (2.5L 4cyl 5M) $314 $309 -$300
Nissan Murano SL 4dr SUV AWD (3.5L 6cyl CVT) $588 $577 -$660
Nissan Juke SV 4dr Hatchback (1.6L 4cyl Turbo CVT) $387 $370 -$1,020
Nissan Armada Platinum 4dr SUV 4WD (5.6L 8cyl 5A) $858 $827 -$1,860
Ram 3500 Laramie 4dr Crew Cab 4WD LB (5.7L 8cyl 6A) $759 $741 -$1,080
Toyota Prius Three 4dr Hatchback (1.8L 4cyl gas/electric hybrid $418 $443 $1,500
Toyota Prius v Three 4dr Wagon (1.8L 4cyl gas/electric hybrid CVT $456 $472 $960
Toyota Camry SE 4dr Sedan (2.5L 4cyl 6A) $373 $375 $120
Toyota Camry Hybrid LE 4dr Sedan (2.5L 4cyl gas/electric hybrid CVT) $422 $423 $60
Toyota Prius c Two 4dr Hatchback (1.5L 4cyl gas/electric hybrid C $346 $339 -$420
Toyota Sienna XLE 8-Passenger 4dr Minivan (3.5L 6cyl 6A) $537 $526 -$660
Toyota Venza XLE 4dr Wagon AWD (3.5L 6cyl 6A) $560 $548 -$720
Toyota 4Runner Trail 4dr SUV 4WD (4.0L 6cyl 5A) $609 $594 -$900
Toyota Avalon XLE Touring 4dr Sedan (3.5L 6cyl 6A) $579 $564 -$900
Toyota Tacoma PreRunner V6 4dr Double Cab 5.0 ft. SB (4.0L 6cyl $440 $422 -$1,080
Toyota RAV4 XLE 4dr SUV AWD (2.5L 4cyl 6A) $457 $437 -$1,200
Volvo XC70 T6 4dr Wagon AWD (3.0L 6cyl Turbo 6A) $677 $645 -$1,920
Volvo S80 T6 4dr Sedan AWD (3.0L 6cyl Turbo 6A) $724 $690 -$2,040

*Edmunds.com assumed a 60-month loan term, no down payment with a typical finance rate for new cars and a typical finance rate for one-year-old used cars. Edmunds.com added in destination charges and gas-guzzler taxes as appropriate. Of all available rebates, only national APR subvention, customer and dealer cash programs were applied; consumers should check the Edmunds.com Incentives and Rebates page to learn if they qualify for additional savings. When manufacturers offer special APR lower than market rate APR, we use the special APR in the calculation. If the vehicle has both customer cash and special APR that allows it to be eligible for this list, we will choose the one with a lower monthly payment to ensure the best program is utilized. Also, consumers should research state sales tax and registration fees to determine their total purchase costs.

Didn't see the car you wanted? Check back as this list will be updated monthly.

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