Buy a used car? A new one might cost less

Under the simple principles of supply and demand, some new cars are actually cheaper than used ones. "A mix of drastic price cuts, rebates, and financing incentives is narrowing the gap" between new and used car prices, making new ones more appealing and actually a worthwhile splurge. Though leasing became a popular trend, some auto financing companies, according to this article, are not offering that option because it was not profitable enough for them. I don't know enough about the industry right now to make a fair judgment about that decision to rid of leases, but it seems counter-intuitive because I feel as though they should be looking for any way possible to make the sale possible for the consumers in times like these. On the other hand, people can't live without cars, so if they are forced to buy then there may not be much of a choice besides giving in.

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