Why You Should Consider Leasing a Car at Don Wessel Honda than Buying?
There were around 4 million cars more or less that were recorded on lease in 2016. This is basically a record high and several experts believe that it’ll keep on growing in the following years. The reason for this is that, cars particularly SUVs and trucks are quite costly to buy for consumers. Furthermore, average finance payment was roughly around 120 dollars that is more than the average lease payment. The great thing is that, leasing a car at Don Wessel Honda will help you not to spend this much.
As you read this article, you are going to learn the most important things to know when talking about financing and leasing that way, you’re mindful of all the buying options that you got.
Knowing whether to buy or to lease a car is challenging already. Fortunately, there are key differences between these two that might clear your minds and here are them.
Number 1. Ownership – if you have made a decision to buy a car, then that’s for you to keep. You will be given with a car title and if you want to trade it in for newer model, it could be. Apart from that, it’ll be under your discrepancy whether to do some modifications or customizations on the vehicle. If you’ve considered leasing a car at Don Wessel Honda, then it only indicates that you are just leasing it and not have full ownership of it. Because as soon as the lease contract expires, you need to return it. It is possible to modify the car but, you need to remove all mods you have installed on it after the end of lease.
Number 2. Costs – the cost of buying a car and leasing a car at Don Wessel Honda are totally different. It is because of the reason that when buying a car, the money you’ll be forking out for it will go to registration, the down payment or the car itself and taxes but with leasing, you simply have to cover for the security deposit, the down payment, registration and acquisition fee taxes and the first month’s payment. If for example that you make monthly payments onto your purchase, then there is a great chance that you’ll pay bigger monthly loan payments than you have to when making a lease.
Number 3. Contract termination – when buying a car, it’s yours meaning, you have the right to trade or sell it for any model of your liking. But when leasing a car at Don Wessel Honda, when the lease ends, it might cost you more instead of sticking to the original contract. That being said, if ever someone has interests on the car and gets it from the car leasing company, there’s no need to pay for additional fees, which is one good thing about leasing a car at Don Wessel Honda.