Another thing to consider, unless you're buying cash up front, is the cost of financing. Is Ford offering any financing deals (i.e. low to zero interest) on loans for new cars? Is Honda? If there isn't a similar deal on the 2nd-hand car, that may change the relative costs, too.
I actually ended up with a new Hyundai instead of a used Honda because, while the Honda was a couple thousand cheaper up front, I got a 0% loan for the Hyundai, but would have had to bank-finance at something like 4.5%, and that would have made the Honda significantly more expensive in the end. (And, with far less factory warranty left, too.)
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I actually ended up with a new Hyundai instead of a used Honda because, while the Honda was a couple thousand cheaper up front, I got a 0% loan for the Hyundai, but would have had to bank-finance at something like 4.5%, and that would have made the Honda significantly more expensive in the end. (And, with far less factory warranty left, too.)