Lease or Buy?

One of the most common and popular debates among drivers and buyers today is whether or not to lease or buy a used cars. Well I suppose each options has its own advantages and disadvantages and the best comparison to make would be whether or not to buy a house or rent. Ok so in short, leasing new cars is like renting a vehicle for a certain period of time and then at the end of the agreement, there is an option to return the car and not have to pay anything more, keep it and transfer ownership or return it and pay off the remaining fees to own it.