which way would i lose less money

[jcreed]

im thinking about getting a summer car and since im only keeping it for a very short amount of time which way would cost less overall. 1. get it on finance and sell it in 3 month and pay the loan off 2. pay in full and just try to sell it in 3 month??

[Wagner]

Finance it and push off your first payment for 60-90 days, then you might skate completely, assuming you can unload it.

[the head]

watch your depriciation on a new vehicle you would be hard pressed to pull this off

[B-Line]

Your going to get killed on the resale... If you can sell it..

Save yourself some money, find a rental.

B

[jcreed]

Originally Posted by the head

watch your depriciation on a new vehicle you would be hard pressed to pull this off

im looking at a 2nd hand car so thats not going to be a big problem i dont think.

how do i put off the first payment for 60-90 days??

[noncom23]

2nd hand. Ok. Honda Accord, and you might be Ok.

[jcreed]

haha.. well im actually looking at something a bit more expensive a bit more fun to drive.

[vinuneuro]

I might be looking at this completely wrong but, here's my .02 based on a few economics courses and logic...

#1 might be as efficient as #2, but will never be better, unless said amount of money will be capital in a higher returning investment else where. Depends on what kind of financing you're looking at, and what your money is going to be doing if it isn't used on the car.