Why a car’s true value isn’t written on its price tag

In Kenya’s costly car market, buying used often beats buying new — saving millions without sacrificing performance or reliability.

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If you have enough cash, is it actually cheaper to buy and run new cars and replace them before they need major repairs and parts and still have a strong resale value, instead of buying used cars that run less efficiently, need more attention, give more trouble, and depreciate in value? MSD    

In a word? No. Across the full range of all motoring costs from purchase to resale, new cars are (almost always) more expensive. Often much more - not just by a percentage, but by a multiple!

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Note: The results are not exact but very close to the actual.