True in what you say, but 80% of the people out there trade before paying off. I really don't see the benefit of paying a vehicle for 5-6yrs with payments totalling $34-36K to have a vehicle worth $10k, no warranty, and now way behind in technology.
Most people do not desire a lease because they have been burned in one prior. Many dealers love to slam someone in a 48-60mo lease because it meets their desired payments, and I think that is what most are referring to as a waste of money (and I agree).
But when I can drive something for less than it would cost monthly to own, not worry about being negative in 2 yrs, and have plenty of options in 2yrs, then I would say that leasing works for me.
I have seen too many people angry at being negative making almost 36 payments at 0%, because the current model has very hefty rebates, or a change in body has depreciated the model further.