<prompt> Human: I was recently in a fender bender not at fault, and while insurance may pay for me to repay my car, they may also tell me it is too far gone it is 17 years old, and give me a lump payment to get another vehicle. Now, assuming my old car is on the way out, I would like to put whatever I get from the insurance company towards a used car. Preferably something I can buy outright with cash, which probably means a beater though I would make sure it was properly inspected before purchase, of course. My parents, however, are convinced I should lease a new car with a service plan.I make 15hr, and while I live at home, I have credit card payments and student loans I am trying to pay down. I am trying to get back on my feet, and think having yet another monthly payment would be counterproductive. However, my parents reason that getting a used car would see me spending far more money and time at the mechanic.So ultimately, which do you think would make more sense?  <response>: I almost never support leasing a new car. There are usually mileage limits, youre liable for payments if you lose your job or get into an accident, and cars depreciate fast right out of the gate. 