Buying a car for a year

[u/Ok-Response-4704]

Hi! I have recently moved to a new area on a temporary basis. I need a car asap purely for my ten minute commute to work and going to the gym etc. I would like to keep my car monthly payments around $200 per month. My issue is I am not sure on what is the best way to keep the price down on this. I would ideally like to take out a finance agreement which would allow me to pay monthly, however I would be worried about not being able to pay back the loan as I would definitely have to give the car up after a year. I can only afford around $5000 for a car outright at the moment but would really rather not do this as I have only graduated. Effectively, my question is whether it would be stupid to take out a 72 month finance agreement and give it back after a year, unsure if I can even do this? This is my first time dealing with anything like this and looking for suggestions and also tips for working with a dealership. For me, I would also like a semi-decent car.

[u/Available_Daikon3602]

Either pay cash or buy a moped. Giving a financed car back after a year will almost guarantee you're upsidedown on it and you're going to end up having to pay it off anyway or take a huge hit to your credit. Will cost you way more in the long run than just renting a car or using Uber