Is it actually possible to lease a new car for 2 years, and then finance the rest of it?
Has anyone done this?
And do you end up paying a ton more money than necessary?

I heard you could get really low finance rates this way... but probably works out in the end.

I was planning to have it so that I pay really low monthly for the first 2 years and then finance after?

 

You'd have to investigate the terms of the lease you're offered. Generally you make payments towards the car, but the reason you're paying less is because you're only paying to cover the depreciation (or the depreciation the dealer assumes the car will encounter during the life of your lease). Then, when your lease ends, you have what is called a residual, which is what you would still owe on the car.

So after 2 years, you may have only actually paid the depreciation on the car and you would still have to cover the value. You'd probably end up financing the car over another 5 years and it might not help you as much as you think.

I don't personally trust leases because they can be SO confusing and it just gives the dealer more ways to screw you without you knowing