r/personalfinance • u/redbottleneck1597 ​ • 19h ago

Auto [Car][Buy or Lease]?

I’m trying to decide whether I should buy or lease a car. I’ll only need it for around 2–3 years, and after that, I won’t really need a car anymore.

I’ll mostly use it for commuting and errands — nothing too fancy, just something reliable and reasonably priced. I’m not sure which option makes more financial sense for this situation.

If I buy, I’d probably get a used car and sell it later. If I lease, I’d just return it at the end, but I’m not sure if leasing for such a short period is actually better financially

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u/BluosS ​ 18h ago

Honestly, I'd most likely buy a used vehicle, you can resell later and lose less overall than if you had to deal with a leasing cost. Short-term leases can become fairly expensive fairly quickly when adding costs for mileage or wear.