re: Trading in a vehicle every couple years vs leasing

For those not understanding the concept of replacing vehicles frequently, some companies who provide a car allowance require the car be no older than 4/5 model years and must have under a certain amount of miles (ex. 100k). I'm not saying this is the reason for this particular gentlemen's reasoning, but it is fairly common for those who use their vehicle for work.

The other reason could be the guy has a lot of disposable income and likes the new car smell. I know a guy who owns outright a few houses and has plenty of money invested. He also enjoys getting a new car every 12 months.