Advantages of Leasing a Car at Don Wessel Honda
Back in 2016, there are more than 4 million cars that were actually on lease. 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. Aside from that, average finance payment was costing around 120 dollars that’s above average lease payment. The good thing is that, leasing a car at Don Wessel Honda doesn’t necessarily require you to spend that much.
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. 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 – buying a car means that it’s 100 percent yours. The car is under your name and you can sell it afterwards in exchange for the latest model. Apart from that, it’ll be under your discrepancy whether to do some modifications or customizations on the vehicle. 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. As soon as the lease contract expires, you will have 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 – costs is completely different when leasing a car at Don Wessel Honda and buying one. 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 – when you buy a car, it’s yours, you have all rights to trade it in or sell it for whatever reason. 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. 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.