[mszperky]

i know that it seems like wasting money to buy a car to drive for one year, but do you think that i can buy a car and then sell it after one year? is that possible?
please and thank you

[Stevent]

not worth it. why not buy a car that you want and keep it for a few years.

[mszperky]

not worth it. why not buy a car that you want and keep it for a few years.

well, it's not that. i was going to get a car for my senior year, but if i end up going to college far away from home, in which i don't need the car, then i was thinking of selling it, since no one is going to drive it while i'm gone.

[Stevent]

out of state or within the state? If it is within the state might as well take it with you so that you can go around.

[taoh]

If you buy a used car that holds a good resale value and is commonly sought after, you should be able to get your moneys worth after you sell it.

Just remember while you have the car, you have to maintain insurance, licensing/registration. Routine maintenance and other things to keep the car running can also help maintain the resale value since you're not letting the condition of the car deteriorate.

If you plan on going to college at a reasonable driving distance for you, then it might be good to have the car so you can go home on weekends or get around town. Just don't forget that if you don't plan on doing much driving while at school, you will be paying for insurance but get very little use out of the car.

[softacoustic]

pretty dumb idea...why not just lease it then?
if you buy a honda or a toyota, you will be able to sell it for about 3-5k cheaper...if you lease it, you will prolly spend the same amount as you lost do to resale value...might as well just buy it. its up to you tho...i dont really know your situation but i really thinkg leasing a car is a dumb idea unless you absolutely need to.

[mszperky]

pretty dumb idea...why not just lease it then?
if you buy a honda or a toyota, you will be able to sell it for about 3-5k cheaper...if you lease it, you will prolly spend the same amount as you lost do to resale value...might as well just buy it. its up to you tho...i dont really know your situation but i really thinkg leasing a car is a dumb idea unless you absolutely need to.

isn't leasing for a range of 2years ish ? you know what, i have no idea, esp. when it comes to car stuff like this >< .
i was considering lease, but i tohught that i needed to have the car for a longer period time than bout a year.
so if i were to buy a pre-owned car, then can i sell it back to the dealer after a year? or how does this
selling process work? THANKS A BUNCH GUYS;]

[xXJaeJoongSarangXx]

well if u want to do investment with car is pretty good try to go for exotic one price can go up good

[MC Muffin]

well if u want to do investment with car is pretty good try to go for exotic one price can go up good

Oh yea because that's practical.

[boazxp]

rofl this thread is hilarious

[mszperky]

Oh yea because that's practical.

lol

[OMGHIyori2U]

so if i were to buy a pre-owned car, then can i sell it back to the dealer after a year? or how does this
selling process work? THANKS A BUNCH GUYS;]

u can sell it back to the dealer, any auto dealer. You'll just get lowballed big time. Best to sell to a private party.

[Clix]

well if u want to do investment with car is pretty good try to go for exotic one price can go up good

why do you give the dumbest advice?

if you're just going to drive the car for one year and sell it, buy an old yet good condition beater. you won't lose as much money as you would if you bought something nicer.

///edit: cop auctions would be a good place for you to go.

[playtoe]

new cars depreciate in value the fastest in the 1st year. like if you bought a brand new $25k car, as soon as you drive it off the lot, it's immediately deemed "used" and is now worth $20-22k, at best, believe it or not, whereas 3 years later, it would cost around $15-18K.

of course, there are a host of factors that influence used car value: mileage, cosmetic & mechanical condition, maintenance, etc., but generally speaking, it's not a good idea to buy and sell during the 1st year of new purchase.

[mszperky]

new cars depreciate in value the fastest in the 1st year. like if you bought a brand new $25k car, as soon as you drive it off the lot, it's immediately deemed "used" and is now worth $20-22k, at best, believe it or not, whereas 3 years later, it would cost around $15-18K.

of course, there are a host of factors that influence used car value: mileage, cosmetic & mechanical condition, maintenance, etc., but generally speaking, it's not a good idea to buy and sell during the 1st year of new purchase.

thanks for for tip!
i was just wondering, i'm probably going to end up just not buying one and sharing with a sibling. xP