Advantages of Leasing a Car at Don Wessel Honda
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. This is due to the reason that consumers find it quite costly to buy vehicles like SUVs and trucks. Furthermore, average finance payment was roughly around 120 dollars that is more than the average lease payment. The great thing is that, leasing a car at Don Wessel Honda will help you not to spend this 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.
As a matter of fact, it is challenging already to decide whether to buy or lease a car. 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. The reason for this is that, you have to return the car by the time when the lease contract expires. 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 – the costs of buying a car as well as leasing a car at Don Wessel Honda are completely different. 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 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. 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.
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