The depreciation of the new/newer car will always make it the more expensive to run. Then you've also got to factor in the interest on any loan taken out to by the thing. The candle gets burnt at both ends.
Look at it this way - if houses were like cars (i.e they lost around 60% of their value 3 years after buying one) would you ever buy a house?
Look at it this way - if houses were like cars (i.e they lost around 60% of their value 3 years after buying one) would you ever buy a house?