Cars have steep deprecation over the first two years. After that, deprecation flattens out. When you continuously lease every two to three years, you&#x27;re paying far more depreciation expense than if you kept the car longer or bought used.<p>It&#x27;s still a value judgement. If you value having a new car every two to three years, which also means you won&#x27;t be doing maintenance other than oil changes, then you might be willing to pay the extra money.