Getting To The Point – Resources

Why You Should Consider Leasing a Car at Don Wessel Honda than Buying?

Back in 2016, there are more than 4 million cars that were actually 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 for this is that, cars particularly SUVs and trucks are quite costly to buy for consumers. 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. 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 – if you opt to buy a car, then it’s yours to keep. You will be given with a car title and if you want to trade it in for newer model, it could be. 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 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. 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. 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 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. 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.