Some new cars cost less than used and certified pre-owned vehicles

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Purchasing a used car instead of a new one does not necessarily mean saving money, according to auto information company Edmunds.

Due to the current state of the economy, some car makers have produced less expensive versions of their models. Also making these vehicles more affordable is the fact that new cars are frequently financed at lower rates than older vehicles. They also have other advantages, such as the possibility of lower maintenance costs, which add to their appeal.

The company published a list of vehicles whose new prices are the same or lower than the used version. The cars on their list with newer versions that give consumers the most financial benefit over a 60-month loan term are the Lexus LS 460 L 4-door sedan, saving consumers about $2,880 and the Ford F-450 Super duty Lariat, saving consumers $2,580 over the used version.

In addition to costing less than older cars, some new vehicles may also make drivers eligible for savings on auto insurance, since some insurers give discounts for vehicles that have the latest safety features. 

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