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. As a matter of fact, this is an all time high and there are numerous car experts who believe that it will rise up for the subsequent years. The reason for this is that, cars particularly SUVs and trucks are quite costly to buy for consumers. Not only that, average finance payment was around 120 dollars that is above the average lease payment. The great thing is that, leasing a car at Don Wessel Honda will help you not to spend this much.

By reading this article, we will be focusing on what you must know with regards to leasing as well as financing so by that, you become aware of the buying options that you have.

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 – if you opt to buy a car, then it’s yours to keep. The car is under your name and you can sell it afterwards in exchange for the latest model. You can even modify or customize it according to your preferences. 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. Because as soon as the lease contract expires, you need 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 – costs is completely different when leasing a car at Don Wessel Honda and buying one. 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 – 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.