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, as well as your liability insurance coverage. 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 Jul 10, 2020
 

They are always nice to work with.

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Google Jul 7, 2020
 

Always great service and quick in and out. That’s why I keep coming back

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Google Jul 6, 2020
 

First time here. Service is great and finished within quoted time. The waiting area is kind of small, specially given the current pandemic situation. but not a big deal. will return.

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Google Jul 4, 2020
 

Always knowledgeable great service

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Google Jul 2, 2020
 

I leased a 2020 Fusion from Riverview Ford, and my experience with Craig Holsman couldn’t have been better. It was quick, no pressure, and not only do I love what I got, I’m happy with what I paid. Truly felt very well-taken care of. Craig was super responsive, a true professional, and a pleasure to work with. Completely first class experience!

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Google Jul 2, 2020
 

Riverview Ford excels with service. The entire staff is friendly and they go above and beyond to ensure you are satisfied.

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Google Jul 1, 2020
 

They’re kind folks who truly want to do right by their customers. I am grateful I purchase my vehicle from them.

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Google Jun 30, 2020
 
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Google Jun 26, 2020
 

I cannot say enough amazing things about Riverview Ford! This is not your typical dealership. Everyone here goes out of their way to provide you with incredible service. We have purchased 6 cars in 8 years from Riverview, and each time they gave us a fantastic deal, and have treated us like family. This place is full of really good and knowledgeable people. I truly can not recommend Riverview Ford enough!

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Google Jun 22, 2020
 
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2200 US Highway 30 • Oswego, IL 60543

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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.