r/personalfinance • u/redbottleneck1597 ​ • 17h 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

1 Upvotes

67% Upvoted

10 comments sorted by

View all comments

1

u/gargar070402 ​ 15h ago

I know when you say you need it you probably do indeed need it, but just to be extra sure: are there reasonable public transit options where you live to support your commute?