Right now, my wife and I have two cars that are both 10yrs old. Both are OK (knock on wood) but one of them is acting up a bit. I don't think both will last for the next 5yrs. Both of us need a car on a regular basis and public transportation is not an option for either of us. We live in the midwest but will be moving to NYC within 5yrs for my wife's graduate school/career and the move will likely be permanent. And we cannot afford the upkeep for a car in Manhattan. So when we move, it's good-bye cars forever.
Now typically I buy and drive the car into the ground. But at this point, if one of the cars dies out, I can't see much sense in financing to buy a car that I will use for less than 5yrs, new or used. Not a big fan of leasing (never leased), but I feel like in this situation leasing a car would be the most pain free way to own a car and at the end of it, I can just drop it off at a dealer. I could try to buy and sell a car, but that adds a layer of additional complexity and I don't know how much it would save over leasing.
Any thoughts?
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