[onewhippedpuppy]

If you pay cash for either, then your logic is probably sound. If financing you have to take into account interest rates and the total cost of the loan. Insurance will be slightly higher on the new one, maintenance will be slightly higher on the used one.

Frankly a similar equation pushed us to buy a new F150 in 2012 and a new Mazda5 in 2013. In each case I started out looking used to minimize the depreciation pain, but found that a 1-2 year old model with 20k-ish miles was only a few thousand less than the new ones. Comparing a brand new 2013 for $22k with a used 2011 with 20k for $19k, paying a few thousand for lower miles, newer, and not neglected starts looking pretty good.