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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Yelp Oct 4, 2019
 

What a great experience!!! I was looking for a specific vehicle with specific options and they were able to find it. I have bought a number of cars for myself and my business and they have been the best to deal with...  Jack and John were very responsive to all my needs when it came to the new car. I would definitely recommend them for your auto needs.

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Google Sep 28, 2019
 
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Google Sep 25, 2019
 

Bought a brand new car so was able to easily compare between a couple of dealers. River View was the only one not to try and play the car sales game. Presented actual numbers without hassle. Answered every question I had directly. And worked out a deal I felt was fair to both sides.Actual purchase process was streamlined and painless. No attempt to upsell items after the fact or play any financing games.

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Google Sep 18, 2019
 

Just took delivery of two new vehicles from Riverview. Through the years I have always had an awesome experience with everyone at this dealership. John (owner), JD (general manager), Steve (new delivery), and Jim (service) are all the best. Bottom line, our family has been, and always will be customers.

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Yelp Sep 16, 2019
 

I do not write reviews. But after the experience I had at Hennessy Ford in Oswego, I had to write one. John (the owner) went above and beyond what he had to do in order for me to get the car I wanted. I looked at two different trucks. Knowing one was out of my price range and the other too small, John noted he had a back up plan. He had a truck brought over from his home and let me test drive it. I was floored by his generosity and his willingness to make sure I was happy buying a car. I have never had a car dealer make me feel that my happiness was the most important issue. What a wonderful man and for that I am forever grateful. I will never buy another car from anywhere else. I HIGHLY recommend Hennessy Ford if you are in the market for a car or truck. Tommy Kleinschmidt.

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888-994-1003

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2200 US Highway 30 • Oswego, IL 60543

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Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 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.