You don't magically ignore
You don't magically ignore the depreciation when you lease a vehicle, though. They include that in the lease terms and payments. Leasing also has other caveats that make it less than desirable for many (probably most) buyers. I have a friend who leased a Chevrolet Volt and is now well beyond her lease terms and will have to pay dearly for that when it comes up in a few months. She plans to buy out the vehicle rather than pay penalties and trade it.