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Indeed, keeping a car for a longer time, or buying second hand, is almost always cheaper. Most people, however, change their car every 3-4 years so if they want their car to be new each time leasing is often the cheaper option. Anyway, none of my cars have been electric, so lets take the...

The point being that after two years of leasing a car you won't have suffered two years of depreciation on your formerly brand-new car - it really can work out somewhat cheaper than purchasing. My last car was leased at about £420/month, including VED. It would have been about £38,000 from a...