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

In 2016, there are around 4 million cars that were recorded on lease. 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. Fortunately, by leasing a car at Don Wessel Honda, you don’t have to bear this expensive cost.

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.

Knowing whether to buy or to lease a car is challenging already. 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. 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. 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. Because as soon as the lease contract expires, you need to return it. 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 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. 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 – like what said earlier, you have all the reasons and rights to sell your car if you buy it. 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.