{ "media_type": "text", "post_content": "Looking to move out of NYC but would want get back to the city once things get better. Will buying a new car make sense? Don’t want to spend too much on a car. Any recommendations? What would you do?", "post_id": "5f5663113b6d6900243193cd", "reply_count": 7, "vote_count": 1, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants", "feed_type": "bowl" }

Looking to move out of NYC but would want get back to the city once things get better. Will buying a new car make sense? Don’t want to spend too much on a car. Any recommendations? What would you do?

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The cheapest way to own a car is to buy something like a Corolla 2 / 3 years old and sell it when you move back. Important to buy the car directly from a seller to reduce cost and sell it via private sale, else you will lose an additional ~$1,500 to $2,500 in the buying selling process if you use a dealership. Remaining costs will be depreciation, maintenance, insurance and gas less savings from not using Ubers and other forms of transport. Do the math and see if getting a car makes sense.

I’d also suggest looking on Sulekha, lots of Desis post their cars out there. Also due to the immigration issues, some folks might want to sell ASAP, and will offer deep discounts. Do the due diligence and get the car inspected at a body shop. If u want a new car, and are looking at a fixed horizon (1 year or so), look at a lease takeover. You don’t have to pay the lease down payment, get a new car, and can drop it off at the end of the lease term. Most leases offer maintenance packages included, so that’s another piece which u don’t need to worry about.

You’re taking over another persons lease, and not signing a new lease with the car company. So the rate you’re going to be paying is what the individual who took on the original lease has already negotiated. The cost won’t be higher, it will be the exact same rate which is already being paid for we month, with the added benefit of not having to put down the up front costs.

Suggest moving to an urbanized area in jersey city or philly temporarily. Walk everywhere skip the car.

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Doing some research on the Ad Tech space in New York. For starters need to know some of the top players... thoughts?

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