OP said nothing about style. My point is that a slightly used Toyota defies all of OP's concerns: "hope that it's cheaper over the 3 years, hope it doesn't dep

OP said nothing about style. My point is that a slightly used Toyota defies all of OP's concerns: "hope that it's cheaper over the 3 years, hope it doesn't depreciate too much, and after 25 months (plus however many months to pay for the extra maintenance and servicing included in the first car) but I'm taking the extra risk. Maybe I'll come out on top, maybe I won't." It definitely will be cheaper over the 3 years. Won't depreciate too much. Really won't have maintenance and servicing needed anymore than the lease. They aren't taking any risk and will come out on top. I know this, because lease financiers already bake all this into the lease for more unreliable cars with a hefty margin for extra profitability.