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

There were around 4 million cars more or less that were recorded on lease in 2016. This is basically a record high and several experts believe that it’ll keep on growing in the following years. The reason for this is that, cars particularly SUVs and trucks are quite costly to buy for consumers. Aside from that, average finance payment was costing around 120 dollars that’s above average lease payment. The good thing is that, leasing a car at Don Wessel Honda doesn’t necessarily require you to spend that much.

In this article, we will be telling you everything that you ought to know when it comes to financing and leasing so by that, you are mindful of all buying options that you have.

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 – 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. Also, you can modify or customize it in line with your preferences. If you’ve considered leasing a car at Don Wessel Honda, then it only indicates that you are just leasing it and not have full ownership of it. 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 – 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 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.