Depends on how you look at it. Leasing only pays for the depreciation in value that all cars experience, not the entire value of the car. It’s money that you never get back. But even if you buy, a car depreciates by the same amount and, if you sell or trade, you lose the same amount of money as if you had leased. It’s exactly the same money that you never get back. So, any way you do it, you lose money with cars.