Cars have steep deprecation over the first two years. After that, deprecation flattens out. When you continuously lease every two to three years, you're paying

Cars have steep deprecation over the first two years. After that, deprecation flattens out. When you continuously lease every two to three years, you're paying far more depreciation expense than if you kept the car longer or bought used. It's still a value judgement. If you value having a new car every two to three years, which also means you won't be doing maintenance other than oil changes, then you might be willing to pay the extra money.