Hi John,

Leasing will suit some people and not others. It is a relatively affordable way to get a new car on the driveway every few years and a lot of things - such as servicing and tax - can be included in the monthly fee to allow people plan their outgoings. Depreciation is built into the fee, however, so there's no way of getting around that. And actually, as the fee is fixed, so is the depreciation cost. If you buy a car yourself outright, or use PCP, there's the possibility that the car will retain more of its value than originally predicted, but that doesn't apply to leasing. 

When leasing, you also need to set mileage limits, and the car is expected back in a reasonable condition or there may be extra fees. And you never own the car in leasing - that's just not an option.