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Reply to "Buying car for HS kid (only child) who is going to college in 2 years?"
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[quote=Anonymous]Another option is leasing for a couple of years. You’d get more advanced safety features and crash protection than a used car might offer (important for young drivers), the up-front and monthly costs are lower than a used car, you’re less likely to have to pay for repairs, and you won’t have an extra car sitting in the driveway when DS goes off to college. That being said, many leases come with mileage restrictions, typically about 12,000 miles a year. And when the term ends, you’re responsible for any dings, stained upholstery, etc. beyond normal wear and tear. But it’s something to consider if you’re not ready to commit to buying another car yet.[/quote]
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