Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day.
Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you're seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.