<prompt> Human: For the average person, does it ever make sense to lease a vehicle vs. buying? I have a friend who leases a new car every 3 years, nothing special, just a run of the mill Toyota for daily driving, and I cant really see the logic in it. Why is this better than purchasing one?They couldnt purchase it outright and would need a loan to buy it, but it seems like the monthly payment for the loan would be about equal to the lease price.  <response>: If the overall cost of the lease is less than depreciation interest then leasing is cheaper. 