New or used: which costs less to own?

New or used: which costs less to own? is easier to judge when you look at real use, not only the figures in the advert. This guide covers what to check, which numbers matter, and where buyers usually go wrong.

Quick check

• Compare the numbers with your usual route and budget.
• Ask for documents instead of a verbal promise.
• Leave a reserve in range, time, and money.

Depreciation

New cars lose the most value in the first years. A late used example can skip that drop if the service history is clean.

Warranty and risk

Factory cover reduces surprise bills. A used car needs a stronger inspection and a cash reserve for the first workshop visit.

Finance and insurance

Monthly payments can hide a higher total. Compare the full term, residual, and insurance group before the badge decides for you.

How you use the car

High mileage favours a durable used model with cheap parts. Low mileage and a long keep can make a new car simpler to live with.