Buy vs Lease near Libertyville, IL

Buy vs Lease near Libertyville, IL

Because bringing home a new vehicle involves plenty of financial considerations, it’s important to have an idea of what your options are. Two of the most common ways to pay are buying with a financing plan or leasing a car, and we understand if learning the difference has been confusing! Let us give you a helpful overview and explain why Gillespie Ford is the place to shop no matter which you choose.

Leasing

We’ll begin by discussing the leasing process, which many car shoppers are taking advantage of these days. It may be a popular avenue because of how affordable it can be — since you’re basically borrowing the vehicle from us, you only need to cover its depreciating value while you have it in your possession. Flexibility is also a big benefit, since you can choose the length of your lease and set your mileage limit, which will help you dial in the monthly payment amount that's right for you. Finally, you’ll have options when the lease is up. You can simply return the keys to us and head home, begin a new lease with a factory-fresh model, or even pay off the remaining value on your current car if you can’t bear to part with it. We’re happy to accommodate whichever choice you make!

Financing

By contrast, financing a car will end up with you becoming its owner. That’s because we’ll split up the total sticker price of the vehicle into monthly payments, which can be a great option if you’re on a tight budget and would prefer organized installments over a big lump sum charge. Financing is often backed by a loan, and we’ll do the legwork to help you out — by coordinating with our network of trusted lenders, we’ll secure you some options that are ideal for your monetary situation. Our website makes things easy, too, hosting plenty of resources under the “Finance” tab. You’ll find a Finance Application, a form to get pre-approved, and even a Payment Calculator that allows you to crunch some numbers, determine your buying power, and estimate what your monthly installment amount will be.

Inventory

Ready to lock down the logistics and have some fun browsing for your new ride? We’re here for you! Check out the “New” tab at the top of our website and begin looking. You can start by choosing your model or browsing everything we have, and once you get to the inventory page, you’ll have even more filtering options. On the left, the “Narrow Your Search” tool lets you dial in your ideal ride based on factors like engine, fuel economy, or even color! If you think a particular vehicle has potential, give it another click for further details like safety information and awards. Then, head down to our dealership and have a seat inside!

If you’ve been deliberating whether to buy vs lease near Libertyville, IL, we hope this information has brought you some clarity. We’d love to continue the conversation in person, so visit us today at Gillespie Ford! If any questions arise before then, never hesitate to contact us.


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847-281-5507

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Dealership Information

Testimonials

Mohammed Angel
Mohammed Angel
GOOGLE
2-13-2026
Full Star Full Star Full Star Full Star Full Star
Rita Zito
Rita Zito
GOOGLE
2-13-2026
Full Star Full Star Full Star Full Star Full Star

Gordan was amazing. He was on time for my appointment ( 5 mins early to be exact) he went over everything with me and was very informative.

Thermionic Man
Thermionic Man
GOOGLE
2-13-2026
Full Star Full Star Full Star Full Star Full Star

Worked with Everardo to buy my new Raptor, what a fine young man and professional. The entire dealership staff was very courteous and pleasant to work with. Thank you!!!

Antonio Regalado
Antonio Regalado
GOOGLE
2-10-2026
Full Star Full Star Full Star Full Star Full Star
Jasmine Wardiani
Jasmine Wardiani
GOOGLE
2-10-2026
Full Star Full Star Full Star Full Star Full Star

Gordon was fantastic, and very attentive. :)

Sapa Ashyrow
Sapa Ashyrow
GOOGLE
2-9-2026
Full Star Full Star Full Star Full Star Full Star

Hi Manny, I just wanted to thank you for your help with purchasing my 2023 Ford. You made the whole process smooth and easy, and I really appreciate your professionalism, patience, and honesty throughout everything. It was a pleasure working with you, and I’m very happy with my new car. I’ll definitely recommend you to anyone looking to buy a Ford. Thanks again for everything! Best regards, Sapa

Alex Dugaw
Alex Dugaw
GOOGLE
2-4-2026
Full Star Full Star Full Star Full Star Full Star

Had Gordon out to do a mobile recall service on my F-150. He was professional, personable, and efficient. Will definitely look into more mobile service from Gillespie on my fleet after this experience from Mike setting it up to Gordon's great service!

Overall quickest and easiest vehicle purchase I’ve had.

KevinZ
DEALERRATER
2-2-2026
Full Star Full Star Full Star Full Star Full Star

Overall quickest and easiest vehicle purchase I’ve had. Thank you to the Gillespie team.

Brian Cooke
Brian Cooke
GOOGLE
1-30-2026
Full Star Full Star Full Star Full Star Full Star

Thanks Everado! Great experience at Ford. 👍👍

Yoh Santiago
Yoh Santiago
GOOGLE
1-29-2026
Full Star Full Star Full Star Full Star Full Star

Everardo was very helpful and easy going. Very glad of his help and service. 100 percent recommended

Everardo was very helpful.

yoh.santiago
DEALERRATER
1-29-2026
Full Star Full Star Full Star Full Star Full Star

Everardo was very helpful. He did an amazing job finding what we want and easy payments

Months after buying my auto I needed some lost paperwork.

Ed K
DEALERRATER
1-27-2026
Full Star Full Star Full Star Full Star Full Star

Months after buying my auto I needed some lost paperwork. Edgar Huerta our sales person was able to locate it and forward to us ASAP. He and the Gillespie sales group are there for you, even after the sale

Very nice friendly sales person helped us get in to a

arredondoberonica
DEALERRATER
1-25-2026
Full Star Full Star Full Star Full Star Full Star

Very nice friendly sales person helped us get in to a very nice car and answered questions about the vehicle that we were interested in purchasing

Everado made the process quick and easy.

bianca.p
DEALERRATER
1-25-2026
Full Star Full Star Full Star Full Star Full Star

Everado made the process quick and easy. Went in and shared what we were looking for and got the job done!

Bianca Perez
Bianca Perez
GOOGLE
1-25-2026
Full Star Full Star Full Star Full Star Full Star

Everardo answered all our questions making the process quick and easy!

Beronica Arredondo
Beronica Arredondo
GOOGLE
1-25-2026
Full Star Full Star Full Star Full Star Full Star

Very nice friendly sales person helped us with everything answered every question and was very helpful and polite if you need a car go see everardo fajardo

Dave K.
Dave K.
YELP
1-22-2026
Full Star Full Star Full Star Full Star Full Star
Carolynn Mccormick
Carolynn Mccormick
GOOGLE
1-20-2026
Full Star Full Star Full Star Full Star Full Star
Ismael Limon
Ismael Limon
GOOGLE
1-18-2026
Full Star Full Star Full Star Full Star Full Star

Great communication excellent service. It was an overall good experience.

Thank you very much Everardo.

vbianan6
DEALERRATER
1-17-2026
Full Star Full Star Full Star Full Star Full Star

Thank you very much Everardo. Great experience. 100 percent recommend checking out here. Ask for Everardo

Valerie Bianan
Valerie Bianan
GOOGLE
1-17-2026
Full Star Full Star Full Star Full Star Full Star

Everardo was fantastic! Thank you

amy leibforth
amy leibforth
GOOGLE
1-12-2026
Full Star Full Star Full Star Full Star Full Star

Went in for an oil change And was pleasantly surprised to get my car back after a Car wash

Adam Broussard
Adam Broussard
GOOGLE
1-11-2026
Full Star Full Star Full Star Full Star Full Star

Extremely fast and efficient. Would 10/10 recommend brining your vehicle here. If so, seek out Jonathan Embree. He is extremely courteous and professional. Kept me updated throughout the entire process.

Michael Gillespie
Michael Gillespie
GOOGLE
1-9-2026
Full Star Full Star Full Star Full Star Full Star

Gillespie Ford made the car-buying process straightforward and low stress from start to finish. The team was knowledgeable, answered my questions clearly, and never made me feel rushed or pressured. Everything was explained up front and the paperwork moved quickly. I left feeling confident in my purchase and would definitely recommend them to anyone looking for an easy, professional experience.

Dave Citterman
Dave Citterman
GOOGLE
1-5-2026
Full Star Full Star Full Star Full Star Full Star

Excellent selection and incredibly knowledgeable sales staff. The finance department is also top notch.

Terry Collard
Terry Collard
GOOGLE
1-2-2026
Full Star Full Star Full Star Full Star Full Star

It was an amazing experience.

Gabec
DEALERRATER
12-29-2025
Full Star Full Star Full Star Full Star Full Star

It was an amazing experience. Mr.Gillespie connected me with Edgar and from there I knew I was in good hands.

Alicia Harris
Alicia Harris
GOOGLE
12-25-2025
Full Star Full Star Full Star Full Star Full Star

Fast, efficient and professional every time I go.

Mark Szalkowski
Mark Szalkowski
GOOGLE
12-23-2025
Full Star Full Star Full Star Full Star Full Star

(Translated by Google) undefined (Original) Had a bad experience here years ago. Now! Now. They are wayyyyy better. Will definitely be coming here from now on!

The process was simple and fast.

Pete M
DEALERRATER
12-22-2025
Full Star Full Star Full Star Full Star Full Star

The process was simple and fast. Thanks to Ed and his great communication! I’ll never buy elsewhere.

Shanee Hunter
Shanee Hunter
GOOGLE
12-22-2025
Full Star Full Star Full Star Full Star Full Star

(Translated by Google) undefined (Original) Edgar took care of us from start to finish. Thank you Gillespie Ford team!

Edgar Was amazing.

KloecknerFlowers
DEALERRATER
12-15-2025
Full Star Full Star Full Star Full Star Full Star

Edgar Was amazing. He took care of us every step of the way. Mike always have the solution to our car needs. Thank you Gillepsie Ford.

Jim Konrath
Jim Konrath
GOOGLE
12-15-2025
Full Star Full Star Full Star Full Star Full Star
Heather Phares
Heather Phares
GOOGLE
12-15-2025
Full Star Full Star Full Star Full Star Full Star

I got in contact with Jim dye about a specific car. He set up and an appointment and got all the info I asked for. When we got to the dealership for our appointment, he made sure that the car was warmed up and nice and cozy inside in the cold weather! He is super nice and talks to you like a person and not a salesperson. Couldn’t recommend Jim Dye and the amazing crew at Gillespie Ford enough!

Chuck Studee
Chuck Studee
GOOGLE
12-12-2025
Full Star Full Star Full Star Full Star Full Star

I went to Gillespie Ford in Gurnee on Grand Avenue earlier in the week. The salesman I talked to was Everado. He was able to get a car for us to try out on the ones we were interested in. Everado did an excellent job of explaining the features of the cars we tried out. We were asked what other types of cars that we were interested in and what dealers we were going to next. We mentioned that we were interested in the Lincoln Aviator. Everado went and found a 2025 Reserve II used model with only a few miles on it. We test drove the Aviator and were very thankful that Everado found one for us to check out and test drive. Any technical questions we had on the vehicles were answered by Everado. We enjoyed our time with him and highly recommend him to help you in your search. Chuck & Donna

Cory G
Cory G
GOOGLE
12-11-2025
Full Star Full Star Full Star Full Star Full Star

Great dealership to work with. Very professional and everyone was very nice.

Jason Willis
Jason Willis
GOOGLE
12-10-2025
Full Star Full Star Full Star Full Star Full Star
John Duggan
John Duggan
GOOGLE
12-8-2025
Full Star Full Star Full Star Full Star Full Star

Fast and easy process. No pressure sale. Thanks Ed!

Seabee
Seabee
GOOGLE
12-8-2025
Full Star Full Star Full Star Full Star Full Star
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