Buying vs. Leasing — What’s the Difference?

If you’re like most folks in Naperville or Montgomery shopping for a new vehicle, then there’s a good chance that you’re working on a budget. This means you probably won’t be paying for your new car up front. Instead, most people who shop here at River View Ford will choose to finance or lease their new vehicle.

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Benefits of Buying

Many people who come to our dealership from Yorkville and the surrounding areas want to finance their vehicle. There are a variety of different advantages, including:

  • Ownership – Each monthly payment you make on a financed vehicle is helping you build equity. By the time you finish paying off the vehicle — usually 36, 48, or 60 months — you’ll own the car outright.
  • Customization – When you own your car, you can do what you want with it. Add a custom paint job, put in a custom stereo system, or install performance-enhancing equipment. You won’t be penalized for making it your own.
2018 Ford Mustang Interior 2

Benefits of Leasing

The other option is to lease a vehicle. With this option, you borrow the car for a period of time and have the option to purchase it or return it when the lease term is up. There are also a variety of different advantages to leasing as well:

  • Affordability – In general, vehicle leases come with lower down payments and lower monthly payments. This means that you can afford to drive a nicer vehicle for less, while keeping more money in your account every month.
  • Newest Features – Leases usually come with shorter terms than financing plans, usually 24 or 36 months. This means that as soon as your lease is done, you can bring it in and get a new lease on a vehicle with the latest technology, performance, and design features installed.
2018 Ford Mustang Exterior 2

Explore Your Finance Options at River View Ford

Which is the better option for your next car? Visit River View Ford to take a test drive and chat with our finance staff about the differences between financing and leasing. Contact us to learn more or visit our showroom in Oswego.

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What Our Customers are Saying

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Google Apr 11, 2019
 

Riverview Ford always provides professional friendly service.

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Google Apr 10, 2019
 

Air bag recall was was taken care of in a timely manner..

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Google Apr 9, 2019
 

I use the quick lane service. Never had an issue.

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Google Apr 8, 2019
 

We love our 2019 Ford Fusion. Purchasing it from River View Ford was a pleasant experience and we intend to visit again for our next new vehicle.

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Google Mar 21, 2019
 

I had a great car buying experience at River View Ford. From the sales person to the general manager and even the dealership owner, I was helped and had all my questions answered.

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Yelp Mar 19, 2019
 

We have purchased several new and used vehicles thru River View ford and have never had a bad experience. From the owner John Hennessy the general manager Jack Daniels and their associates,  they have always always treated us like family.

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Google Mar 16, 2019
 

Riverview is back in my good graces. Morgan in service is awesome, I drive past several Ford dealers to come here.

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2200 US Highway 30 • Oswego, IL 60543

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Open Today! Sales: 9am-9pm

Open Today! Service: 7:30am-6pm

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River View Ford
River View Ford
2200 US Highway 30
Oswego, IL, 60543 United States
888-994-1003
https://www.riverviewford.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png
River View Ford 37.1717374, -95.1100793.