Krishant007: I should note - I do regular maintenance on the car.. but regular I mean, i grab one of those daily deal vouchers (for about 50 bucks) for servicing every 6 months or so to get all fluids topped up and everything checked. Those vouchers usually include WOF as well so its kind of a good deal.
I bought the car second hand from Trademe (NZ New) and it had run 85k km. But ya, no regrets on the buy and I intend to keep it at least another 2 years.
What I'm getting is they are both about as cheap to run