Advantages of Leasing a Car at Don Wessel Honda
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. This is due to the reason that consumers find it quite costly to buy vehicles like SUVs and trucks. 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.
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.
Knowing whether to buy or to lease a car is challenging already. 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 opt to buy a car, then it’s yours 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 is possible to modify the car but, you need to remove all mods you have 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. 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. 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 you buy a car, it’s yours, you have all rights to trade it in or sell it for whatever reason. However, when you chose leasing a car at Don Wessel Honda, it could just cost you more rather than sticking to your original contract when it ends. 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.