Buy vs Lease in Rockford, IL
Whether you are new to the car-buying world or you're an automotive veteran, it can still be difficult determining how you want to financially secure your car. There are benefits to both buying and leasing, and we at Rock River Kia are here to make your decision a little easier. Contact our friendly team with any further questions!
When you buy a car, you don’t have to contribute the full amount up front. We know that’s a lot to expect, which is why our Finance Department gets in contact with our trusted lenders to find you loan options. Then, all you have to do is provide a down payment and pay back the loan in monthly installments over the course of four to seven years. If you wish to calculate what that prospective amount would be, use our online Payment Calculator! Many people go with the traditional method of buying because you can see a return on your investment. Once you finish contributing your monthly payments, your car will belong to you! At that point it’s up to you whether you want to continue to drive it payment-free, pass it off to one of your kids, trade it in and upgrade to a newer model, or sell it to make your money back.
If you don’t want to worry about trading in or selling your car when you’re done with it, you can opt to lease your vehicle instead. Leasing is more like borrowing a car from us at Rock River Kia. Our finance team will sit down with you to determine your annual mileage and the anticipated depreciation of your model, and then use both of those figures to create your leasing contract. This will lead to low monthly payments and a shorter contract of only two to four years! Another benefit of this option is low maintenance costs, since most of the models we lease out are new and in great condition! Once your contract is over, you are free to upgrade to a newer model on our lot, or just hand in the keys and walk away. You also have the option of contributing the remaining amount towards ownership on your model and buying it if you so choose.
Whether you buy or lease, you will need to pick out a model that you want to drive home. We recommend that you look online before coming in to see us, because we have a pretty vast selection! Based on your preference, navigate to the New or Used dropdowns on our website to tap into our stocked inventory. Once you’re there, feel free to use the filters on the left side of the screen to pare down your options and create a listing specifically for you. You can choose from filters like year, fuel economy, make, model, and more. Then, simply click on the profiles of a few models to see an estimated ePrice or monthly lease payment for them. You can also Get Pre-Approved right from this page to make your financing process a lot easier!
Once you’ve decided whether you want to buy vs lease in Rockford, IL, come down to Rock River Kia and find your ideal car. We have flexible hours and look forward to seeing you soon!