Here's how you figure it, or at least, here's the math I've been doing for the past however long. Basic amounts, interest, terms, and whatnot have been adjusted to be equivalent to original; insurance can vary so widely let's just call that even between old & new, since you'd have to pay it anyway.
2-yr old VW Golf, pristine condition, 22K miles: $16K
12-yr old VW Golf, in pretty good condition, 180K miles: $3K
( comparison behind the cut. )
2-yr old VW Golf, pristine condition, 22K miles: $16K
12-yr old VW Golf, in pretty good condition, 180K miles: $3K
( comparison behind the cut. )