If you are rich, losing even more equity by leasing, rather than simply purchasing the car you could presumably afford, is not smart. For the rest of us, again, unless its a company fleet vehicle benefiting from a tax incentive, leases are a rip-off. For the average individual, a lease offer presents a way to step into a vehicle you wouldn't otherwise be able to afford, giving you the short-term benefit of looking more baller. But after the lease is up, you have ZERO equity, and likely a repair/cleaning bill. Not the smart choice. It is in fact, the fake-baller choice.
Dont let those tempting lease deals fool you guys, they come at a high price.