I am already leasing a car for my wife. $330/mo for 36-momnths. That keeps her happy and I have peace of mind since she drives our baby to the daycare apart from commute to her work (~10 Km one way).
As for me, I drive a 2002 Mazda Protege, commute to work (~27 Km one way). It's mechanically sound as of now, but It's approaching 160,000Km/100,000 Miles. It is rusting, and I need to buy winter tires this coming winter. I live in Toronto (where almost all cars rust).
I am thinking of selling my car NOW, so I can hopefully get $2,000 from it (if I use it for another winter, I expect it to only be $1,000), then lease a 2014 Hyundai Accent base model (manual transmission, no aircon) for $200/month 36-months.
Is this a good idea? Or should I just drive my current car for another year until it breaks down (I still would need to buy winter tires though)?