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I worked for a company that did this with all their company cars. In the long run, it's more expensive than leasing. But if a new car every few months is what you're after, then go for it. I find it hard to believe it includes insurance since full insurance (if you don't have it on your regular car or credit card that will transfer over) is usually around $15 a day, but if it's in writing that it's covered, you're good!
And a house is a LOT easier for a bank to take back than a car which is why you were approved for a home loan and not a car lease ;) Plus having the house on your credit report could have lowered your score.
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