Thanks a lot guys for your answers
The Paladin I am sorry to hear about your father's passing.. its been over 3 years since i lost my dad and it really hurts..
I am just a math guy but not a computer geek at all, so building a custom system from the scratch just seems bit scary for me, and quite expensive too if you go with the latest new parts you know, especially when you're on a strict budget, so I'm on the market for a budget friendly therefore pre-owned PC for my college projects, yes some serious calculations in Mathlab, Excel, statistical packages, number-crunching, really impossible tasks for my laptop as it thermal throttles almost immediately when you load it with something heavy. I narrowed down my search to the following shortlist but it's not easy to make a choice
DELL
OptiPlex 7010 SFF with i7-3770 (77W)
Precision T1650 MT with i7-3770 (77W)
HP
Z220 SFF with i7-3770 (77W)
Z220 MT with i7-3770 (77W)
Z420 MT with E5-1620v2 or E5-1660v2 (130W) (must be just too hot thought)
Lenovo
ThinkStation E31 SFF with i7-3770 (77W)
ThinkStation E31 MT with i7-3770 (77W)
but all these workstations released 6 years ago, that's why was the question about lifespan...
While SFFs look fancy, space saving and most affordable options featuring the same CPU, I've never owned one and have no idea how they handle heavier tasks, how good they perform on load, thermals, oveheating...
I indicated 3770 processor here but consider all other 3rd gen or 2nd gen as they go hand to hand in performance scores and TDP wattage anyway, so there's still a ton of pre-owned options out there...