You're not just paying the depreciation, you're basically getting a loan for the (depreciation value + profit). And the average interest rate on that loan is 1

You're not just paying the depreciation, you're basically getting a loan for the (depreciation value + profit). And the average interest rate on that loan is 14% APR. This interest rate doesn't have to be disclosed to you though, because it's not "technically" a loan. There's a reason why auto dealers advertise leasing so much, it's the most profitable business for them. Leasing is the most expensive way possible to drive a car. https://www.youtube.com/watch?v=t1NaDucAXIg https://www.youtube.com/watch?v=t1NaDucAXIg