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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DealerRater Mar 29, 2020
 

Very professional. Everyone respected my t I me and availability and very accommodating. Easiest car buying experience ever. Thank you everyone for an overall great buy.

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Google Mar 18, 2020
 
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Google Mar 16, 2020
 

Mechanic and customer service outstanding

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Google Mar 16, 2020
 

Usually a great place to have your vehicle serviced. Would recommend it to people.

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Google Mar 16, 2020
 

I have been a customer for many years and the team at River View Ford continues to do a great job, especially in the Service Department. They keep my 2017 F-150 in top running order and any discovered problem has been dealt with quickly and fairly. There aren't too many businesses that I would give five start, but this is one of them.

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Google Mar 13, 2020
 

Always great service and friendly staff. Clean waiting area is a plus.

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Google Mar 9, 2020
 
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Google Mar 9, 2020
 

Gotta say that of all the many car dealers I've been to over the years, this is the ONLY one where I didn't feel like I was being taken advantage of. This isn't a huge dealership, family owned apparently, clean and well kept, but not sterile. The polar opposite of the usual dealer experience of chum jumping into a pool full of sharks. Richard treated me excellent, just straightforward, professional but casual. He responded to my online inquiry promptly, then had me come in to test drive the car I was interested in. I sat down after the test drive, ...

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Google Mar 8, 2020
 

I recently purchased my second car from River View Ford. Once again it was a fantastic experience from Craig who sold me the car, Gary in Finance and Rich who showed all the new technology on my new Escape. Thank you!

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Google Mar 7, 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.