bah

I moved to the US ~6 months ago and have managed to get by so far without a car... but now I'm getting to the point where I think I really need one to get the most out of life here.

I've looked into short term leases and long term rentals, but both have turned out to be quite expensive. I'm not sure how much longer I'll be in the US, but it will definitely be another 3-9 months so I'm trying to figure out if it's worthwhile to buy a user car outright and try to maximize the resale value when I come to sell it on.

Any recommendations on makes/models which tend to hold their value over relatively short periods of time (e.g. whether it's better to go for a large initial "investment" in a higher end model vs. spending as little as possible on an old/low end model and consider it as a sunken cost)?

md95065

I think a lot depends on your own personal preferences and what you intend to use the car for.

If you just want a car to make some things more convenient, but you are not dependent on it, I would be tempted to go for something really cheap (and take the risk of of it needing repairs or not being reliable) and regard any money that I could get for it in 6 to 9 months time as being a bonus.

Remember that, in most states, you will be paying some kind of sales or transfer tax based on the value of the vehicle - the more expensive the vehicle the more you will have to pay.

Pulaski

As you've managed this long, I'd just rent as and when you need a car. It might not be the cheapest solution, but you don't have to worry about repairs, shop around for insurance, or dispose of it before you leave.

Bob

Look into taking over someone's lease...a few sites around for that kind of thing. People move, lose job, whatever and can't keep the car lease going.

durham_lad

+1.

Enterprise will even pick you up and drop you off when renting from them.

bah

Thanks - this is the main reason I haven't bought one yet.

I tend to rent for 1 week every 4-6 weeks for ~$220 a week including LDW/CDW. Obviously I'd prefer to have the use of a car all of the time, which is why I was considering buying (getting by vs. having an easier life and being able to do more things). But like you said, I've got to weigh up the cost of buying/repairs/inruance/resale vs. the cost of rental and opportunity cost of only having a rental car every on a sporadic basis.

Bob

If you have AAA or a membership to one of those bulk stores like BJ's/Sams/Costco, you get get some decent weekly discount rates on a rental.

bah

Thanks - I've found Expedia.co.uk to be the cheapest for rentals - they offer very similar prices to CostCo ($205 per week at CostCo vs. $220 per week at Expedia) but Expedia also gives you LDW and CDW included.

Bob

That's pretty good going then

Also, have you looked at Zipcar? I hear they've gotten pretty expensive lately though, well in the Boston area, but might be handy if you only needed the car for a few hours at a time, but a bit costly if you wanted to go away for the weekend kind of thing.

bah

Yes, I've had a look at the local equivalent (Enterprise Car Share) - it does work out pretty cheap if you just want to rent for an hour or two, but anything longer than that makes it worthwhile to head to the airport instead and rent for a day.

cluedweasel

As Bob said, a lease takeover might work. I've done it before and as long as you make sure all the paperwork is done properly, it's safe.
http://www.leasetrader.com/lease/

Pulaski

No! Head anywhere other than the airport. Cars rented from an airport are loaded up with fees and additional taxes. Renting from a remote office or agency, such as a car dealer or hotel, will save you money.

bah

Sadly the airport is the only place that's accessible without a car, other than a downtown Avis and Hertz who are quite a bit more expensive than the airport rental agencies (Alamo, Thrifty, Enterprise, National, Dollar). Sometimes even the airport Hertz and Avis are cheaper than the rip off downtown locations!

durham_lad

Enterprise will pick you up and drop you off at no extra charge. I've used them a lot at various locations.


http://www.enterprise.com/car_rental/home.do