Why You Should Consider Leasing a Car at Don Wessel Honda than Buying?
Back in 2016, there are more than 4 million cars that were actually on lease. Basically, this is a record high and a number of experts do believe that this trend will keep rising in the next few years. The reason here is that, cars especially SUVs and trucks are pretty expensive for consumers to buy. Furthermore, average finance payment was roughly around 120 dollars that is more than the average lease payment. Fortunately, by leasing a car at Don Wessel Honda, you don’t have to bear this expensive cost.
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.
Being able to know whether to buy or lease a car is already a challenge in itself. Fortunately, there are key differences between these two that might clear your minds and here are them.
Number 1. Ownership – if you opt to buy a car, then it’s yours 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. As soon as the lease contract expires, you will have to return it. You can still modify the car yes but, after the end of your lease contract, you will have to remove everything installed in it.
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. Assuming that you are making monthly payments on your purchase, you are more likely to pay bigger monthly loan payments than you would if you’re going to 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 things are different when leasing a car at Don Wessel Honda because when your contract ends, it could cost you more than 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.