Advantages of Leasing a Car at Don Wessel Honda
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 here is that, cars especially SUVs and trucks are pretty expensive for consumers to buy. Not only that, average finance payment was around 120 dollars that is above the average lease payment. The good thing is that, leasing a car at Don Wessel Honda doesn’t necessarily require you to spend that 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.
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 – 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. 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 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 – 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 – when buying a car, it’s yours meaning, you have the right to trade or sell it for any model of your liking. 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.