Advantages of Leasing a Car at Don Wessel Honda
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 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.
In this article, we will be telling you everything that you ought to know when it comes to financing and leasing so by that, you are mindful of all buying options that you have.
Being able to know whether to buy or lease a car is already a challenge in itself. Luckily, there are major differences between these two options that can help in clearing your mind and come up with smarter decision.
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. You can even modify or customize it according to your preferences. On the other hand, if you have elected to consider leasing a car at Don Wessel Honda, then you do not own the vehicle. 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. 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 – 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. 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.
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