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Old 01-21-2013, 10:49 PM
 
7 posts, read 47,417 times
Reputation: 10

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Hi,

I have no idea where to ask this, but maybe someone here can help.

In a couple of months I'm going to need a car for about a week. I'm 20 years old, so renting would either be impossible or outrageously expensive.

On Craigslist and elsewhere, there are dozens of cars for sale for $1000-$3000. So my idea is to buy one, and when I'm done sell it again and hopefully get at least most of my money back.

The problem is, is there a way to do this legally without all the hassle that normally goes with buying a car? One idea I had is that since I technically live out of state (I'm a college student), I could get an "In-Transit Registration" from CT that's good for 30 days, which is intended for me to then register it at home, but then just sell it instead. Then there's no plates to wait for, no property tax, and no sales tax. I'd still have the title and bill of sale, since the DMV gives it back (since they think I'll need it out-of-state).

Do you think this would work? Would I be able to sell the car at the end (assuming someone wanted to buy it) or would the paperwork be all screwed up at that point? The only thing I can think of is that it wouldn't make sense that the title was signed over to an out-of-state address, but it's still a CT title.

Also, I would need insurance. I've heard you can get 30-day car insurance policies from local insurance companies. Does anyone have experience with that?

If anyone has thoughts (including why this is stupid or won't work) I'd love to hear them. Thanks!!
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Old 01-21-2013, 11:30 PM
 
Location: New Haven, CT
1,033 posts, read 3,261,415 times
Reputation: 892
Just reading that gives me a headache lol. Sounds like a ton of hassle. You say you have $1-3k.. Why not just buy a car and hold onto it for a while.

Its a lot to go through to have a car for a week.

Is borrowing out of the question?
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Old 01-21-2013, 11:50 PM
 
7 posts, read 47,417 times
Reputation: 10
Quote:
Originally Posted by NewHavensFinest View Post
Just reading that gives me a headache lol. Sounds like a ton of hassle. You say you have $1-3k.. Why not just buy a car and hold onto it for a while.

Its a lot to go through to have a car for a week.

Is borrowing out of the question?
Borrowing isn't out of the question, in fact that's the first resort. But I thought this could be plan B.

I don't want to own a car right now in general. Just this once. There's a particular trip (>1000 miles) that can't be avoided.

I'm young and energetic

But I'm starting to think this is legally impossible because you can only assign a title once before getting a new one issued. Still hoping for feedback or other ideas though.
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Old 01-22-2013, 01:22 AM
 
5,239 posts, read 6,549,041 times
Reputation: 11307
If you are planning a long trip with the car having 30 day tags, while legal, will only get you friendly with the local cops along the way. They like to check those paper tags to see if the 30 days might be up yet, and its a good excuse to stop someone and run them for warrants and such. And then you would have nothing but the bill of sale in your name while on the trip too, prepare to start explaining your long story. It all sounds like a recipe for disaster to me. I wouldn't say this is a workable plan at all unless you plan to buy the car, license it and keep it awhile. Plan to borrow and forget that plan B.
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Old 01-22-2013, 07:51 AM
 
Location: In a house
13,258 posts, read 34,859,575 times
Reputation: 20198
If it were me I'd take the bus and have someone pick me up at the nearest depot at the destination.
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Old 01-22-2013, 08:15 AM
 
Location: Central, CT
844 posts, read 1,661,458 times
Reputation: 322
There are companies that rent to under 25 you need to look around, I think Hertz is one also try zipcar, they have student locations that i think are for under 25.

I think you'll pay more in the long run to try to own a car for a week. Plus cars that are $1k usually have some defects like needing brakes or an alternator and you'll want to factor in a mechanic going over the car before purchase who will likely find something needed for road worthiness. Try to find out how long its been sitting.

If you do go this route, buy something that is still in production (avoid Saturn/Pontiac/alfa etc) so if in needs repairs you won't have to wait for parts. Also pick something that people look for used (civic, accord, Camry, etc).
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Old 01-22-2013, 09:22 AM
 
Location: Coastal Connecticut
14,842 posts, read 18,112,317 times
Reputation: 3404
You have to pay the sales tax to get the temp registration. There is no "in-transit" plate for CT. Only temp plates. And they are either 10 or 20 days.

You're better off renting a car for your long trip.

Imagine if your cheap car broke down during that thousand mile trip? That, plus the sales tax and you're out a lot of money. And there's no guarantee you'll break even when you sell it either.
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Old 01-22-2013, 10:59 AM
 
4,787 posts, read 8,834,145 times
Reputation: 12592
The problem with renting s that OP is under 21.

It's very hard to rent if you're under 25. A few, but not all of the bigger places will loosen their requirements for 21-25 in certain markets. . Under 21, is near to impossible.

Those that will rent to 21-25 add in a per day surcharge that is really costs prohibitive for many young people.
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Old 01-22-2013, 12:48 PM
 
Location: New England
935 posts, read 1,399,786 times
Reputation: 698
You can rent a hertz ford escape for $399/week even as a 20 year old. I just spend 5 seconds googling it.

Save Up to $25 a Day, if you're 20-24 Years Old

Quote:
Originally Posted by hobart13 View Post
Hi,

I have no idea where to ask this, but maybe someone here can help.

In a couple of months I'm going to need a car for about a week. I'm 20 years old, so renting would either be impossible or outrageously expensive.

On Craigslist and elsewhere, there are dozens of cars for sale for $1000-$3000. So my idea is to buy one, and when I'm done sell it again and hopefully get at least most of my money back.

The problem is, is there a way to do this legally without all the hassle that normally goes with buying a car? One idea I had is that since I technically live out of state (I'm a college student), I could get an "In-Transit Registration" from CT that's good for 30 days, which is intended for me to then register it at home, but then just sell it instead. Then there's no plates to wait for, no property tax, and no sales tax. I'd still have the title and bill of sale, since the DMV gives it back (since they think I'll need it out-of-state).

Do you think this would work? Would I be able to sell the car at the end (assuming someone wanted to buy it) or would the paperwork be all screwed up at that point? The only thing I can think of is that it wouldn't make sense that the title was signed over to an out-of-state address, but it's still a CT title.

Also, I would need insurance. I've heard you can get 30-day car insurance policies from local insurance companies. Does anyone have experience with that?

If anyone has thoughts (including why this is stupid or won't work) I'd love to hear them. Thanks!!
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Old 01-22-2013, 02:44 PM
 
7 posts, read 47,417 times
Reputation: 10
Thanks everyone, especially blakesq for linking me to that rental deal!

I'm sure all of you are right, I'd be asking for trouble with what I proposed. I don't know what I was thinking

For future reference if anyone reads this thread, I was referring to CT In-Transit Registrations as described at DMV: In-Transit Registrations but I now understand that this would have landed me with an un-sellable car at the end unless I went through with registering it in my home state first. States don't want you to be able to "flip" a car and not go through the whole registration and titling process unless you're a licensed dealer. (When you buy a car you fill out your name on the back of the title, and you can't sell it again until you get another un-filled title.)
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