If you’re trying to decide between buying and leasing your next car, there’s plenty to consider. While the decision is dependent on your budget and lifestyle, the right decision for you depends on a number factors. Here at Don Wessel Honda, we want you to have as much information as possible to help assist you in making that decision.
You should consider buying your next car if:
You plan to keep your vehicle for the foreseeable future, or if you hope to pay it off.
You plan to make modifications to the interior or exterior, or you have small children that may cause damage to the vehicle.
You have saved enough cash for a down payment.
You drive a large number of miles each year.
You want to be free to sell the vehicle if and when you want to.
You should lease your next car if:
You prefer to trade your vehicle in for a new model every few years.
You are able to keep the car in pristine, like-new condition.
You prefer smaller monthly payments and a small down payment (with the understanding that you are only paying for the predicted depreciation of the vehicle over the term of the lease).
You regularly drive less than 12,000 miles per year.
You don’t want to deal with the hassle of selling your vehicle.
To learn more about buying and leasing, and the differences between the two, stop by Don Wessel Honda today!