A 10-Point Plan for Automobiles (Without Being Overwhelmed)

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

There were around 4 million cars more or less that were recorded on lease in 2016. As a matter of fact, this is an all time high and there are numerous car experts who believe that it will rise up for the subsequent 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. 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 have made a decision to buy a car, then that’s for you to keep. You will be given with a car title and if you want to trade it in for newer model, it could be. 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. As soon as the lease contract expires, you will have to return it. You can still modify the car yes but, after the end of your lease contract, you will have to remove everything installed in it.

Number 2. Costs – costs is completely different when leasing a car at Don Wessel Honda and buying one. When you opt to buy a car, you will have to pay for its registration, the down payment or the car itself and taxes but when leasing it, you simply have to cover for the security deposit, first month’s payment, taxes, acquisition fee, registration and the down payment. 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 – when you buy a car, it’s yours, you have all rights to trade it in or sell it for whatever reason. 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. 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.