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Rent vs Buy a car for 6 months

jrlcopy 620 150 January 16, 2011 at 09:40 AM in Travel & Vacations (4)
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Last Edited by jrlcopy January 16, 2011 at 10:14 AM
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I might have to move to LA for work, What's the better idea, rent a car for 6 months or buy a car and then sell it 6 months later?

EDIT: Currently do not own a car, used to own one, can afford to pay cash (10kish) on a car.

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#2
If you get a good deal on a used car go that route.
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#3
Quote from jrlcopy View Post :
I might have to move to LA for work, What's the better idea, rent a car for 6 months or buy a car and then sell it 6 months later?

EDIT: Currently do not own a car, used to own one, can afford to pay cash (10kish) on a car.
can you negotiate a car for your 6 month stint?
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SLCKDLZ is my baby daddy
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#4
There is always the car share option but not sure how efficient it will be.


I just recently joined connectbyhertz since zipcar is not in my city and even still, getting to the cars will require 3 hours and 3 bus trips. So, it won't be very practical right now but if I ever move to another city, at least I will have a membership.

I can say that I don't even plan on owning another car because I hate the hassle and maintenance. But, if I absolutely freakin' have to, I would probably go with a used car unless i got a really great deal on a new one.


Quote from jrlcopy View Post :
I might have to move to LA for work, What's the better idea, rent a car for 6 months or buy a car and then sell it 6 months later?

EDIT: Currently do not own a car, used to own one, can afford to pay cash (10kish) on a car.
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#5
Quote from rebat View Post :
can you negotiate a car for your 6 month stint?
Working on it... Ha..
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#6
Quote from jrlcopy View Post :
I might have to move to LA for work, What's the better idea, rent a car for 6 months or buy a car and then sell it 6 months later?

EDIT: Currently do not own a car, used to own one, can afford to pay cash (10kish) on a car.
how far will you be driving? if just for driving around town, etc I might buy a cheap used car (<$5K) and then sell it at the end of the 6 months. When I was in hs and needed a car to get around town + occasional 1-2 hr trips my sr year we spent about $2K on a used Honda Accord (sale price + repairs) and that worked out well for us.
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#7
Quote from jrlcopy View Post :
Working on it... Ha..
Yeah... what about expensing a zipcar for 6mo, is that even worth it?

Is it a 6 month gig or just a temp job?
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#8
def do not buy a new car - you take a large depreciation hit immediately and since you won't have it for long, you won't have time to recoup the loss (if you, say, were going to drive the car into the ground, you would have many years driving the car with it essentially being worth $0).
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#9
Buy a good used car from a private seller. Odds are at the end of 6 months, you'll be able to sell it for close to what you bought it for.
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#10
there is the hassle of buying a car - ie taking it to a mechanic to make sure it's fine.
and then at the end, the hassle of trying to sell it, although, i guess you can take it to a carmax and just dump it at that point.

also, if you haven't had a car, insurance will get hiked up a bit.

all very annoying.

i wouldn't dismiss long term car rentals that quickly. a lot of places will offer significant discounts on long term rentals, so worht a look.
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#11
ZipCar...
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#12
You will have to pay for insurance, registration, tags, sales tax, maybe tires, oil change, potential small repairs. Then have the headache of selling it. If you need to get rid of it fast then you lose leverage on price.

For 6 months I'd find a super cheap car 2kish or renting.

Consultant here rents a car 2 weeks at a time and gets awesome deals. New car every 2 weeks and no worries on repairs, taxes blah blah. You have to research it though.
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#13
Since we are here, has anyone had experience withi buying a cheap used vehicle and if so, can you offer advice, suggestions? I think I maybe purchasing one soon but could use all of the help I can get.

Thanks!
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#14
Quote from akelatgml View Post :
Since we are here, has anyone had experience withi buying a cheap used vehicle and if so, can you offer advice, suggestions? I think I maybe purchasing one soon but could use all of the help I can get.

Thanks!
Yes.

Always get a PPI (pre-purchase inspection) if your not familiar with cars mechanically. It is usually around 80-100 bucks, but try to find a good independent shop that caters to your car type. Ex: if your buying a used Honda Civic, go to an independent Honda mechanic and get a PPI done.

This will save you on early repairs or may give you some insight on what repairs are coming up or if the car is total garbage (looks good on the outside, but not the inside).

I bought my last car on Craigslist. I find it easier to find stuff there.
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#15
Ask your company to lease you a car. That would be more ideal.
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