The last time I owned a car was in 1992. Since then I've gone to leasing both of our vehicles on three-year leases. I essentially rent two cars for $500-$600 a month with no lump sum payments. You're always under warranty and you never have to be concerned about replacing tires, batteries, etc.
If you like driving a new car, don't like to be bothered with repairs, and are not a high-mileage driver, leasing can be a nice fit.
One tip I would offer is to stick to the terms of the manufacturer-sponsored leases and don't try to customize the vehicle. You can check the manufacturer's web site for the lease terms and the particular models to which it applies. I've had excellent lease deals from Jeep, Honda, Chrysler, Saturn, and Subaru.