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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. This is basically a record high and several experts believe that it’ll keep on growing in the following years. The reason here is that, cars especially SUVs and trucks are pretty expensive for consumers to buy. Furthermore, average finance payment was roughly around 120 dollars that is more than 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.

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.

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 – buying a car means that it’s 100 percent yours. The car will be put under your name and you can sell it soon after for a newer model. Apart from that, it’ll be under your discrepancy whether to do some modifications or customizations on the vehicle. 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 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 – the cost of buying a car and leasing a car at Don Wessel Honda are totally 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. 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.

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