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#1 | |
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AF Newbie
Join Date: Dec 2014
Location: Danbury, Connecticut
Posts: 1
Thanks: 0
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Buying a car for short term ownership
Hi,
I'm thinking of spending between one and three months in California. While there, I'd like to have a reliable car. I'm thinking of buying one, using it, and selling it when I'm about to leave. At $40/day, it would cost me $2400 to rent for two months. This seems conservative, too. So, I'm thinking a few things. It seems like potentially the biggest problem with all of this would be not being able to sell the car for a long time. It might be a problem being stuck in the state waiting for it to sell. It seems like I'd want something "in demand" so I can resell it. I can't think of any other way to get around this problem. Can you? As for reliability, it seems I'd want a newer model. If I get a newer car at a fair price, even if it is quite a bit of money, I'm thinking that I might be able to own the car for "nothing", as I'd put very few miles on it, and could sell it for what I paid for it. This assumes that I can resell it in a timely fashion (is this a huge gamble?), and that I'm not including the cost of Smog, registration, etc. Any ideas? Thanks. |
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#2 | |
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AF Enthusiast
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Re: Buying a car for short term ownership
The easiest cars to flip quickly are $5000-$10000 Toyota Camrys and Corollas and Honda Civics, especially in California. They're pretty reliable too. Cars less than $10k are easier to sell quickly as more people can pay cash for them.
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Dr. Disque - Current cars: 2008 BMW 135i M-Sport 2011 Mazda2 Touring Past cars: 2007 Mazda 6S 5-door MT 1999 Ford Taurus SE Duratec |
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