Moneysense magazine did a great look at this a few months back. The results (going from memory here) were pretty much what would be expected. I can flip through my old issues if you *really* want, but I'm sure their website will have the info somewhere.
Best Value was the "2 Year old car with 40-50k"
For a new car to be worth it (same make/model used as example) you need to drive it for a 2-4 years longer (ideally 4) to make the extra cost worthwhile.
So.....if you're deciding on a new/used specific model, it boils down to one question....."Will the new car last 2-4 years longer than the used car"
Personally, I bought my last car brand new. It's the first time I'd bought a new car, and I intend to drive it for 8-10 years. For what it's worth, I would gladly pay extra for a new car again.......and I'm the cheapskate that worries about $2 bread vs $2.25 bread.
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