Jay Leno says it's better to buy than lease

Leasing will always cost you more money, it is just spread out over more time. It appeals to many people because we are into instant gratification rather than self-denial and logical planning. Cash is always cheapest when all is said and done.

At the end of a lease, you are left with nothing. You spent money to borrow someone else's car.

Just_Jon said:

Almost like renting an apartment!

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Yep. Only makes sense for short-term situations where you don't want to have to deal with a purchase and sale. Costs more, but the lack of hassle make it worthwhile.