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Cars and Transportation
Reply to "Flipping a used car for summer use"
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[quote=Anonymous]We'll have two kids home this summer (one HS age and one college) and both parents work outside the home (in office). Kids both have summer jobs lined up that aren't super close to home (or each other) and their work hours overlap. They used to share a car, but I'm worried about this working this summer. Was wondering if I could buy a used car now ($10-12K used car with high mileage, but reliable brand such as Honda or Toyota) and then turn around and try to sell it in the fall when we don't need it anymore. I know we'll pay out of pocket to register it, plus taxes but hoping we could quickly re-sell and get all/most of our money back out? Is this a crazy thought? The only other thought I had was Uber and I don't love that for young girls riding around alone. I have this fear I'll be the one left without a car taking Uber. We don't have family in the area where we could borrow grandma's car. (The grandparents' extra 'beach car' lives in FL and probably wouldn't survive the trip up here and back.) Any advice? [/quote]
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