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

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. 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. Fortunately, by leasing a car at Don Wessel Honda, you don’t have to bear this expensive cost.

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.

Knowing whether to buy or to lease a car is challenging already. The good thing is that, there are key differences between these two things that can clear your mind and these are the following.

Number 1. Ownership – buying a car means that it’s 100 percent yours. 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 – the costs of buying a car as well as leasing a car at Don Wessel Honda are completely different. 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. If for example that you make monthly payments onto your purchase, then there is a great chance that you’ll pay bigger monthly loan payments than you have to when making a 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. With that in mind, if someone has got interests on the car and wants to buy it from the leasing company, you won’t have to pay for additional fees, which is one great thing with leasing a car at Don Wessel Honda.