My Situation - Need a car for 6-8 months for sure - Travel 10 miles a day maximum . Nothing specific on the car the only requirment losses should be minimal if i decide to turn in lease after 6 months or sell after 6 month.
Cars i can think of include Rav 4 and CRV for they hold value very well .Can i expect to get back 85% of what i pay from dealer in cash if i sell in 6 months …
Chevy cruze for 24 month lease with GM one pay - so i know maximum how much i will lose even if i turn car in few months …
I am currently renting from Hertz which is very very very expensive.
Rent a car for as long as you need it, use the site to get a great deal. Use a Chase Sapphire Reserve Credit Card or similar to have primary rental insurance. Done.
Anything you lease that is going to be the price range you want will have a higher RV. The odds of you getting out of a lease in that time frame without an additional 1-3k hit is going to be low. Do you have access to http://turo.com? Or talk to the local rental and make a deal for long term rate.
In your case, time literally = money, since you’re renting from Hertz and that costs you every week until you have the car. Swapping into a lease takes time, so factor that in before you go down that route. BMW is pretty fast, so is M-B, but the others are mostly slow.
Keep restrictions in mind if you do the opposite (i.e. get a brand new lease with the intention to swap out of it). E.g. GM will allow transfers only in the same state.
Purchasing a new car is the worst thing you can do in your situation. The tax and depreciation will be a killer. Plus: The higher the re-sale price (you won’t want to let your new car go for a song), the harder it is to get a cash buyer.
If you decide to purchase, get a reliable used car, something like a Honda or Toyota that is also relatively easy to sell. Buy something for $10K that you can plausibly sell for $9K in 9 months’ time.
