Going to change cars in 3 years. should i just lease?

so here's my situation:





i'm looking for a new car. i'm basically looking for a cheap reliable car that i can drive around for 3 years while i go to school.





after the 3 years, i plan on buying a new, nicer car (i'll be making more money).





if this is the case, would leasing be the smart thing to do?
Going to change cars in 3 years. should i just lease?
yes!
Going to change cars in 3 years. should i just lease?
thats what i do and im off at college, i leased a nice mazda 3.


its really gas efficient, and cheap to lease,


i think you should go for it!
Reply:Leasing is never a good idea unless it is for a business who wants a fleet of cars. They can write it off as part of the expense of doing business.





Most people who lease don't realize what all the added charges are. For example going over miles. You aren't allowed many free miles, and most people end up paying more on a lease car than it was worth when they go to turn it in. They spent as much as they would if they were to buy a car, yet they have no equity.





You are far better off just purchasing a 10 yr old car and driving it until the wheels fall off. Then buy your new car in 3 yrs.
Reply:If you can afford the payments on a 3-year loan, I'd suggest buying. Then you'll have some equity in it for a trade in. If you can't afford those payments, then leasing is a viable option.
Reply:Probably, but just be careful on the miles. Most leases have mile limitations on them and if you go over, they will take a nice chunk out of your wallet.
Reply:NEVER LEASE. NEVER BUY A NEW CAR. Both are total money rip-offs. Watch Dave Ramsey on the Fox Financial Network at 8PM, M-F.





Be smarter than the people who are trying to rip you off!
Reply:Leasing a car is not a good Idea unless u need a tax break! As a rule u never own the thing and it would be wise to buy a small cheap car that u can turn around in a few yr ( something the economy) will want in a few yrs cheap NEW make payments ( dealer are giving away cars- NEW ones) bc they are paying interest on them while they are sitting on their lot whereas used cars are doing nothing for them ( not costing them nothing to keep).


but some generic Japanese car hundi ( OR the like) That way you'll have no expenses and get a low interest rate on the new car payment,...That's going to be the best most prudent way to transport Ur self around, I hope this makes sense to ya !!


Good Luck and think about the new car info,.. do the math


OX
Reply:I would go with a used honda civic. They last for 200,000 miles or more without any serious problems. They barely depreciate and have excellent gas milage. If you bought a civic for let's say 7,000 and drove it for 3 years, you would be able to get half your money back after selling it. If you lease a vehicle you can only drive so many miles a year, baby the car , and then give it back with out gaining anything.
Reply:Never lease. It's a complete rip-off. Buy the cheapest car you don't mind being in for the next three years, and save along the way for the new car. At the end of the three years, you can sell a "cheap" car by-owner and possibly get most of your money back to put towards your new ride. I'm telling you, don't lease or you'll be more hamstrung to your payments than you'll want to be.





Did I mention, never lease a car.
Reply:i bought a saab 94 for 1600 last year. it's great and i got it on craigslist. it had 125k on it and it's got leather interior and a sunroof! it's a little dinged up on the right passenger door otherwise it looks really good. it saves me money cause i have no payments and my insurance is like 65 a month. used cars a great IF you do your homework. i looked for 3 months before i jumped on this one. i've had no problems so far (knock on wood). it'll last me at least another 3 or 4 years...
Reply:My advice is to buy something out right that looks dependable and save your so called lease payment up for the new car.


You will be paying just as much on a lease car as you will be on payments on a new one.


The good thing on a lease vehicle is that you have three options at the end of your lease 1 you can take it back and give the keys and walk away from it or 2. pay off the remainder


of the lease ( 1,800 to 2,400 ) some where around that area


Or this is the good part I liked when I leased my car.


You can turn the car in and drive off in that years new model..


They do have a restriction on the miles,, mine was I could not put on no more than 12,000 miles a year and what you put on over that you will pay like 45 cents a mile you run over.


But keep this in mind you always have a warranty on that car as long as you drive it on lease,, All you pay is for gas and I think they do the first 3 oil changes there self and you pay for them after that.. If you go that route see if they have what they


call the Smart Lease I know Chevrolet does that's where I got


mine ( 2005 Chevy cobalt ) and I liked that car.


This is my opinion ......... b.Jerry30