My wife and I live in Brooklyn, NY. I'm working and she isn't - we are waiting for a baby. We have a car-spot in our garage for free included in the rent (which is approx. 2k).
What is the cheapest way to get a car and drive it for 3 years? Lease may be an option, but after insurance on a new car it quickly adds up to almost 3.7k upfront + $400 per month. Given that we'll use the car for less than 100 miles per month, this seems expensive.
Would it make sense to buy a used car for less than 5k and sell it afterwards? We're expecting that insurance for an old car would be relatively cheap (unverified).
Taxi is not an option due to reasons not relevant here.