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The biggest problem I have seen with leasing is restrictions. Some places have severe restrictions on things like mileage, maintenance requirements, insurance requirements, etc... My suggestion if you have just got out of college, and are looking for a job, wait until you get the job first. Some new jobs may require you to relocate, and if you are in a leased vehicle, you cannot relocate away from the dealer where it was leased from. These are just some of the things I have heard about from others, not personal experience, so take with a grain of salt.
Personally, I think leasing is a waste of money. I treat it as either renting a home, or buying one. Renting it, you don't have ANY ownership rights, and if you don't like it, you can't just "break lease" without severe penalties. With ownership, as long as you are smart in purchasing it, You can sell it at any time and go on.
If you chose to buy, make sure you put enough of a down payment to cover value loss when it comes off the lot, that way you won't be "upside down" on the note.
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"It is not that I have failed, but that I have found 10,000 ways that it DOESN'T work!" --Thomas Edison
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