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Buying a car just for the ski season, then re-selling it

post #1 of 14
Thread Starter 

Hi guys,

 

I live in New York City and do not currently own a car. I'd like to purchase one just for this winter season so that I can drive myself up to VT/NH for skiing whenever I want (have the MaxPass). This would probably be cheaper and less of a pain than renting every week. I have access to free parking so that isn't an issue. My goal is to buy a car that:

 

1) will have excellent resale value after the four months are over

2) will be able to handle steep, possibly snowy roads.

 

Lastly, I'd also like to hear your opinions on if this is a foolish task that won't be practical for one reason or another. I understand there are ski buses available from NYC, but I prefer to avoid that option this season for reasons I don't want to go into.

 

Aside from the basics of buying used, 4WD, and snow tires, can you please suggest makes/models that could fit the bill and retain value very well? I'd rather spend 5k and get back 4.5k than spend 25k and get back 24k.

 

Thanks a bunch guys!

 

Moderator note: moved to Automotive/Car Talk

post #2 of 14
post #3 of 14

Subaru Imprezza wagon.  If you buy an older one, you can get away with avoiding collision insurance.  Ones about 10 years old should be around your $5k budget.

post #4 of 14
Too bad you don't live near here. I've an old Audi Avant looking for a good home. I'd let it go for close to the price of dirt. Just don't give it back. Hakka's already on it.
post #5 of 14

Don't forget to include the cost of insurance.  If you don't have recent ownership/insurance record, insurance can be expensive. 

Toyota has good resale value, but also high cost for an old car.

Make sure it is road worthy - passes any legislated safety checks AND mechanical inspection by your mechanic as condition of sale.

post #6 of 14

I had a 2007 Subaru WRX that I bought for $22,000 then sold seven years later for $15,000. That's the best resale I've had on any car I've ever owned, probably because I kept it in good shape and it's an enthusiast's car. I guess if you buy a car that people want it'll hold value.

 

I think if you were only going to own a used car for a few months you could probably sell it for about the same price as you bought it as long as you have a little patience. 

 

LOL at Sibhusky's "just don't give it back."

post #7 of 14
That's not a bad deal, @sibhusky. Cost of a flight out, plus 4 days to drive back. Can recoup the flight cost by either selling the car or donating and getting a tax credit. Net cost is only the driving time, but there are these 2 long weekends coming up.

And that vehicle knows snow.
post #8 of 14
The problem is you'll have to include a week day, because there's some kind of notarization of your signature involved in the sale. I can get my end done ahead of time, but I still need the buyer's end notarized.

I've never sold a car in this state, apparently it's more work than where I used to live.
post #9 of 14

While I get that the OP does not need or want a car in NYC, I don't get the need to buy a car for 2016-17 skiing and then selling it. What about the 2017-18 season. Isn't it better to find a place to summer store the car and use it every winter? Get a better car and storage insurance is cheap.

post #10 of 14
I ran across this info. Maybe it'll be helpful:

https://www.alg.com/residual-value-awards.html
post #11 of 14

Toyota Rav4 or Subaru Outback/Forester.

post #12 of 14

Im thinking a J80 land cruiser might suite your needs quite well. Probably will need to spend around 10k, but they hold their value very well and are more than capable for what you are looking to do.

 

im kind of interested in seeing this avant @sibhusky...

post #13 of 14
You may want to factor in potential repair costs into your search. Would a Land Cruiser be a lot to repair compared to a garden variety Toyota / domestic?
Quote:
Originally Posted by kdaffy View Post

Im thinking a J80 land cruiser might suite your needs quite well. Probably will need to spend around 10k, but they hold their value very well and are more than capable for what you are looking to do.

im kind of interested in seeing this avant @sibhusky...
post #14 of 14
zipcar
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