Rarely. Especially if comparing it to paying up front and not borrowing. Many years ago there were tax benefits if you drove a lot which could make it cheaper, but mostly these days it just gives you a lower monthly payment than taking a loan directly, primarily because there is a “balloon payment” at the end instead of paying off the full amount.

There is also a lot of hassle involved in doing everything, as you have to go through the lease company. They are also taking out a loan in your name - I know someone who had problems getting a home loan, and discovered that the lease company had not been paying the loan payments which had impacted their credit.