What do you recommend, market is high, and I don't want to worry about repairs. If I buy most likely i will be upside down in 3 years as I strongly believe the market will drop. What other leases or cars could I look at. I don't care for Toyota if is a lease. I doubt any car will break in 3 years

Market is extremely high right now, most likely my car will be upside down if I decide to buy... If market goes down, which i think it will

I'd suggest a Honda or Toyota, but as far as 3 year leases go, you're safe with most choices that aren't luxury brands. I used to check out common issues on carcomplaints if you want to dig deeper.

We just care about payment, the lowest possible we can get for temporary transport with no worry of repairs or upside down. Lease seems like the best option so far as I can sale the car back to the dealer

Would selling it at that point still be better? That's the speculative part of your calculation.

None of them are good. They are varying degrees of terrible, bad, and less bad.

If you're trying to improve your financial situation, buy a less expensive car to drive for a few years. Doesn't have to be a piece of junk. It can even be new, especially since used prices are high.

But if you put nothing down and hold it for only 3 years, yeah you're probably going to be upside down unless you just get lucky.

We don't care about holding the car. We are planning to buy something nicer in the next years. We just need a car that we don't need to worry about repairs and not having to be upside down at the end of the 3 year mark

What other car lease brand would you recommend, we just need transportation for 3 years and not want to worry about repairs, and or being heavily upside down

Fair enough. But OP hasn’t said where they are based.

We don't care about holding it. We are planning to buy something nicer in 3 years

What other car brand lease would you recommend.

I don’t recommend leasing. If you can afford a $1000 fee at the time of sale, you can likely afford to buy a Carolla.

It's going to cost you $15,000 to rent this car for the next 3 years.

What other brand do you recommend for lease?

This is paying $16,000 to rent a base-model Corolla for 3 years. Not good.

what if one is upsidedown because of market values at the time of the 2nd or 3 year mark?

Did you consider a money market mutual fund - higher yields than most HYSA are possible with equivalent security.

Don't SELL your car. Will not be sure if you can find a reliable beater for $3500. Call your credit card company, negotiate delayed payment and understand that your credit will take a hit for a while. If it goes on for 2 months, liquidate your 401k for hardship

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I use Interactive Brokers - it's mainly a brokerage account, but if you have $10K+, they give you high short-term interest - Fed Benchmark rate - 0.5%:

https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php

As of 2/25/2023, that is 4.080%. For me, that beats most of the High-Yield savings plans I get, though some of the rates by @Werewolfdad ( https://www.doctorofcredit.com/high-interest-savings-to-get/amp/ ) seem to be even higher so I am learning too here :)

Leasing a car is generally a bad financial decision as everyone here is saying. You can find a number of new cars in the $20-23k out the door price range with 5+ year warranties, so I'd either go that route or purchase a cheap used one.

I paid $4947.25. I see how this works now. TY for your help.

This is the best site for comparing HYSA's: https://www.depositaccounts.com/savings/

Don't worry about the reviews really, as long as it is FDIC insured (all of these are) you're fine. Generally, only people who experience problems leave reviews, so they all skew highly negative.

Can you sell plasma? Places in my city offer $500 for your first month. Can you sell any personal items? Will you be getting a tax refund?