Can you explain how auto leases work in detail?

Auto leases are agreements where a person pays to use a vehicle for a set period of time, typically 2-4 years, without owning it. The lease includes a monthly payment based on the vehicle's depreciation and interest. At the end of the lease, the person can return the vehicle or buy it at a predetermined price. There are also restrictions on mileage and wear and tear that can incur additional fees.