MEBIUS AUTO

Mar31

Valuable Lessons I’ve Learned About Cars

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. Aside from that, average finance payment was costing around 120 dollars that’s above average lease payment. The great thing is that, leasing a car at Don Wessel Honda will help you not to spend this 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.

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. 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. 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. As soon as the lease contract expires, you will have 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 – the cost of buying a car and leasing a car at Don Wessel Honda are totally different. When you buy a car, you are paying for its registration, the down payment or the car itself and taxes but when you lease, you only need to cover the first month’s payment, security deposit, the down payment, taxes, registration and acquisition fee. 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 you buy a car, it’s yours, you have all rights to trade it in or sell it for whatever reason. 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.

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