A person pays for the use of the home or vehicle. They do not build any equity. Those that favor leasing say that it makes sense to lease items that decrease in value and purchase items that increase in value.
Most vehicles depreciate as they get older.
Most leases do not require large down payments. A person may get into a lease for little money up front. A person could drive a new vehicle every 2 - 5 years. Leasing offers minor tax advantages to individuals. Sales tax is paid monthly as part of the lease payment and is based on the lease payment amount, versus sales tax, which is paid up front on the full purchase price on a purchased vehicle.