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. This is basically a record high and several experts believe that it’ll keep on growing in the following years. The reason for this is that, cars particularly SUVs and trucks are quite costly to buy for consumers. 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.
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.
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 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. 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. The reason for this is that, you have to return the car by the time when the lease contract expires. 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 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. 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 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. But one great thing about leasing a car at Don Wessel Honda is that, when someone likes to buy that car from the leasing company, you don’t have to deal with any additional fees.