To find out the "True" value of a NEW car...all you have to do is buy it and drive it back to the dealership the next day and trade it in. See what they give you on "trade in value". This will reflect what its really worth.
In October 1985 I bought a 1986 turbo diesel VW Jetta for $11,000 before taxes ($1850 then). Three years later, the Euro had jumped higher and VW had "upscaled" their lines so that a 1989 Jetta was now worth $20,000. The dealer was offering me $9500 on a trade in, only $1500 less than I had paid for the car 3 years previously!
... but those 3 years of upscaled ownership were going to cost me $3500/yr (plus taxes). I kept the car for 10years, it cost a lot in repairs after year 7 (should have sold it before then) and still sold it 10 years old and 350,000kms for $3000. Cost less than $1000/year and almost completely trouble free for the first 7 years (250,000kms). All this in a car that gave better fuel mileage than most motorcycles.
Moral of this story?
If you need a car and money is tight, you have to do your own thinking.
Real need and overall cost per year is what you need to be thinking.
If you make $20,000/yr and drive 20,000 miles a year, don't look at pickup trucks unless you can get you buddies to ride in the back and pay for the gas. Nobody told me this when I was young. I was told the same "money lost when you drive it off the lot" story when I was young so I tried used cars when I had a job that involved long distances. I nearly went broke keeping used cars running. I was always looking for yet another good buy, because this one was on its last legs!
I just bought a new van, but I looked for a "just off the lot" deal everywhere.
The best life of a vehicle in these northern climes is 10yrs and/or 250,000kms (150,000 miles), remembering the first 5 years are the best.
So if you can find a 5 year old vehicle for 1/2 the price of new, you are no better off because you have all the upcoming repairs.
1 year old, 15,000 miles and less than 90% new price? I couldn't find it.
Factor in dealer financing and there were no "used" deals to be had.
Cost of driving = Purchase+Taxes+Insurance+registration+gas+repairs+fines - what it resells for.
$12,000 new econo-car, $1800(Canada!), $300/yr, $100, $2000/yr(20k@40mpg@$4/gal), $200 (oil changes), $0 fines (it's slow and I'm careful) for 5 years and $5000 resale = $4360/yr
$1200 truck/sportscar, $180, $300/yr, $100, $4000 (half the mileage, could be worse), $1200/yr (not including lost time) and probably no resale after 2 years = $6290/yr Seriously!
Mileage and fuel costs and repairs can really fudge these figures but you see what I mean, you have to do your own thinking.
Steve