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

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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 20, 2018

I received a recall notice for a transmission part on my 2018 F150. I called to schedule an appointment and they were able to get me in within a week. I took the truck in and was told it would take about an hour and a half. The inspection only took about a half hour and I was out the door. Service writer was very courteous and professional. I have bought several autos from River View over the years and have always had a great experience at this dealership.

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Google Apr 20, 2018

Great service and they took the time to explain everything that I may need done in the next 10,000 miles.

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Facebook Apr 14, 2018

Today, with the help of Richard Voight, I was able to get my first car. He was an excellent salesman who was nothing but open and honest with me. He did everything he could to get me the best possible deal and I cannot thank him enough for all his help. The process was surprisingly quick and painless. I would highly recommend this dealership!

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Google Apr 12, 2018

I was in a accident with my 2015 F150 that I bought from River View Ford back in 2015 and my truck was totaled. I called Jack and told him what happen and that I was looking to get a new 2018 Ford Explorer and as usual the River View team came through. This is my 3rd vehicle that I've bought from Riverview and every time has been a great experience.!! I can't express my gratitude enough into words for the help and service that they gave me once again . And as usual they took care of me like part of there extended Hennessey family !! I would have given them 6 stars if I could Thanks again .

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Google Apr 11, 2018

Super easy went in for an oil change fluid top off tire rotation was in and out in less than 20 minutes super friendly staff absolutely a pleasant experience.

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Yelp Apr 10, 2018

Thank you for my new beauty! I purchased a 2018 Ford Fushion...and I wasn't stressed out about it at all! Everything went so smooth! I would really recommend this dealership! The sales department were all friendly with great attitudes! :) They must love what they do, which is a plus! Aldo was the one that helped me with my purchase, He is outstanding and very knowledgeable! Good Luck with your new purchase!

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2200 US 30 • Oswego, IL 60543

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Open Today! Sales: 9am-9pm

Open Today! Service: 7:30am-6pm