Why Leasing a Car at Don Wessel Honda is Better than Buying a Car?
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. This is due to the reason that consumers find it quite costly to buy vehicles like SUVs and trucks. 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.
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 – buying a car means that it’s 100 percent yours. 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. The reason for this is that, you have to return the car by the time when the lease contract expires. 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. When you opt to buy a car, you will have to pay for its registration, the down payment or the car itself and taxes but when leasing it, you simply have to cover for the security deposit, first month’s payment, taxes, acquisition fee, registration and the down 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 – like what said earlier, you have all the reasons and rights to sell your car if you buy it. 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.