Why You Should Consider Leasing a Car at Don Wessel Honda than Buying?
In 2016, there are around 4 million cars that were recorded 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.
As a matter of fact, it is challenging already to decide whether to buy or lease a car. The good thing is that, there are key differences between these two things that can clear your mind and these are the following.
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. On the other hand, if you have elected to consider leasing a car at Don Wessel Honda, then you do not own the vehicle. The reason for this is that, you have to return the car by the time when the lease contract expires. It’s possible that you modify the car but you will need to remove everything you’ve installed on it after the end of lease.
Number 2. Costs – costs is completely different when leasing a car at Don Wessel Honda and buying one. When you buy a car, you are paying for its registration, the down payment or the car itself and taxes but when you lease, you only need to cover the first month’s payment, security deposit, the down payment, taxes, registration and acquisition fee. 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. With that in mind, if someone has got interests on the car and wants to buy it from the leasing company, you won’t have to pay for additional fees, which is one great thing with leasing a car at Don Wessel Honda.