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

Cars logo
Cars Jun 26, 2019
 

They did detail the car for me after I bought it found it had not been vacuumed since it was being driven by them. 1 thing they could have done for me was put a rubber plug on my drivers floor mat I know its picky but it's the little things I have done at lot of business with them.

Read at Cars

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Yelp Jun 25, 2019
 

They did a great job of showing cars that I was looking for and price range. They did have it re detailed for me because they where driving it. One picky thing they could have done for me being a customer for quite a few years. The drivers may was missing a rubber hold down plug they could have put one for me. But it was all good thanks guys.

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Google Jun 22, 2019
 
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DealerRater Jun 6, 2019
 

This Ford was the only one willing to help me get the car I wanted and getting my payments where I needed them! They took the time to get me all the possible discounts and found my car I wanted with every feature I was looking for. Craig was awesome!

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Google May 23, 2019
 
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Google May 16, 2019
 

Best dealership. Great people.

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DealerRater May 16, 2019
 

Bought my 3rd vehicle from Craig. In and out in about 2 hours. Best price around, as always. Will continue to deal with them, it was a no hassle experience.

Read at DealerRater

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Google May 15, 2019
 

Absolutely the best car buying experience in fifty years of buying cars!!!

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Google May 15, 2019
 

Very happy

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Google May 13, 2019
 

Amazing service and team

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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.