I have no good answer for you although if I looked it up I can probably find something. For me its just gut feeling of something over owning something.
If I pay a loan for 48 months at 3.75% my car is still worth around 30k or so thousand I can take that and trade it in or sell it or just keep it. If I have a lease for 36 months and pay i have no idea but guessing 500 a month, thats 18k I have spent plus any up front costs for lease and I walk away and have nothing except a whole lot of worry about miles and damage.
To me, any sort of owing is bad and usually only owe on my home and 1 car, my other car is a shit box that gets me around. If I could I would just owe on my house. The idea of renting just never sat well with me.
Sorry if this is a basic explanation with no hard technical facts but thats how I roll
