Exactly. Where I live, the average price of a house is around $200,000.00. Average rent for a house is about $1,000 per month. So a renter pays $10,000.00 per year. If he lived in the house for 20 years, he'd pay $200,000.00, and have nothing to show for it. HOWEVER, had he purchased that house, his mortgage payment would be less than the cost of rent, and at the end of the term, he gets a piece of paper that says he owns the house.
For leasing a car, I chose a 2020 Ford Ecosport SE Convenience. I deleted the Ecoboost engine in favour of the 2.0l naturally aspirated engine and intelligent 4WD. I added the interior protection package (floor mats), and a cargo package.
Purchase price is $29,147.00. Let's say I get approved for a 5 year loan, with 0% interest. My payment is $485.78/month. If I lease for five years, I pay $312.00 per month. Over the life of the lease, I've paid $18,720.00. Ford Canada website does not tell me what the buyout price would be, but I'm guessing that would not be something they could tell me at the time I signed the lease. The problem I see is that assuming the lease buy out price would be a little north of $10,000 (what remains to be paid of the original purchase price), I'm ultimately paying more (total) to buy out the lease than the car is worth, because at the five year mark, it's probably worth $20,000 to $25,000. If, however, the lease buyout would be the present value of the car - $18,000, then I can see it maybe working out.