5 Uses For Automobiles

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. This is due to the reason that consumers find it quite costly to buy vehicles like SUVs and trucks. Furthermore, average finance payment was roughly around 120 dollars that is more than the 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.

Being able to know whether to buy or lease a car is already a challenge in itself. Fortunately, there are key differences between these two that might clear your minds and here are them.

Number 1. Ownership – buying a car means that it’s 100 percent yours. The car will be put under your name and you can sell it soon after for a newer model. You can even modify or customize it according to 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. 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 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. 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 – 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. 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.