Valuable Lessons I’ve Learned About Cars

Advantages of Leasing a Car at Don Wessel Honda

There were around 4 million cars more or less that were recorded on lease in 2016. 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. Fortunately, by leasing a car at Don Wessel Honda, you don’t have to bear this expensive cost.

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.

Knowing whether to buy or to lease a car is challenging already. 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 is under your name and you can sell it afterwards in exchange for the latest 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. 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. 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 buying a car, it’s yours meaning, you have the right to trade or sell it for any model of your liking. 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.

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