I wrote detailing everything I learned about leasing while I was in the finance box at a small dealership for almost 10 years. If you haven't read the post I would recommend it. It's very long but if you get through it you will practically be a leasing expert.

https://www.cougarboard.com/board/message.html?id=21593323

One argument in favor of leasing right now is you would be back in the market in 3 years once auto loan rates have dropped. Leasing rates are often highly subsidized as my original post points out.