Resources: 10 Mistakes that Most People Make

Why Leasing a Car at Don Wessel Honda is Better than Buying a Car?

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. The reason here is that, cars especially SUVs and trucks are pretty expensive for consumers to buy. Aside from that, average finance payment was costing around 120 dollars that’s above 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. The good thing is that, there are key differences between these two things that can clear your mind and these are the following.

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. 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’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 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 – like what said earlier, you have all the reasons and rights to sell your car if you buy it. 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. 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.