So I just started leasing a car and it fits well into my budget and has helped me put off taking out a loan or using all my savings to pay for a car. I have 3 years to save up money for when my lease ends to either buy that car or go buy a different car.
I currently work a job where I have a salary, that covers all of my bills with a little left over after (maybe $500/mo), and a partial commission that helps me earn maybe an extra $100-300 a month on average.
I would like to start saving a little every month so when these 3 years are up, I have a good amount saved for my future car purchase. I was thinking about making an additional account on my Sofi app for just this and investing in probably something pretty safe like ETFs. I'm decently versed in investing, so I don't need advice on what to invest in or whatever.
My main question is, are there ways to avoid a bunch of fees when I go to take that money out in 3 years? Or will I just have to pay capital gains tax or something? I've never taken money out of my investment accounts before so I have no idea what that process is like.
Thanks!