The Key Elements of Great Cars

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 here is that, cars especially SUVs and trucks are pretty expensive for consumers to buy. Aside from that, average finance payment was costing around 120 dollars that’s above 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. 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. The car will be put under your name and you can sell it soon after for a newer model. Also, you can modify or customize it in line with your preferences. But if you have decided to make leasing a car at Don Wessel Honda, then it only means that you have no rights in owning the car. Because as soon as the lease contract expires, you need to return it. 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 – 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. Say that you make monthly payments on the purchase, then you’re likely to pay higher monthly loan payments than you have to if you 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 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.