One grey color Chrysler car is parked outside a building.

The Illinois Insider: Financing Vs. Leasing Your Car

One red color Chrysler car is parked.

Key takeaways:

  • Financing involves acquiring a loan to pay the vehicle in full.
  • Leasing a car means renting it for a set period.
  • Go for leasing if:
    • You don’t want to spend a lot of money on a car purchase.
    • You’re not planning on keeping the car for more than a few years.
    • You don’t mind sticking to a mileage limit.
  • Go for financing if:
    • You want to own the car outright.
    • You plan to keep the car for more than a few years.
    • You don’t mind paying more each month.
  • Consider your budget, need for flexibility, and long-term plans when making your decision.

What is the wisest course of action between financing and leasing while shopping for a new car in Illinois? Both options have advantages and disadvantages, so it’s essential to consider your needs, budget, and desires.

 Auffenburg CDJR of Herrin will look at the key difference between financing and leasing to help you choose the most suitable option.

Understanding Car Financing:

When you finance a vehicle, you’re taking out a loan to pay for the entire cost of the car—minus any down payment. You’ll make monthly payments or installments on the loan until it’s paid off, typically three to seven years. Financing allows you to buy and own the car once the loan is paid off. But, of course, you’ll also be responsible for all repairs and maintenance after the warranty expires.

Understanding Car Leasing:

With a lease, you’re essentially renting the car for a set period—usually two to four years. At the termination of the lease, you can turn in the keys and walk away, or you may have the choice to purchase the vehicle outright. With a lease, you’ll likely have lower monthly payments than with a loan, and you may have the opportunity to drive a modern and a newer car more often since leases are typically shorter than loans.

Key differences: Financing vs. Leasing

One grey color Ram car is parked on the field.


  • With financing, you own the car outright and can do it as you please once it’s paid off—within the bounds of the law. You can sell it, trade it in, or keep it until it’s a classic.
  • With leasing, you’re essentially renting the vehicle for a set period and agreed-upon mileage limits. You can either turn in the keys and walk away or purchase the car outright at the end of your lease term.

Monthly Payments:

  • Since you’re paying off the car’s full purchase price together with interest and fees when you finance, your monthly payments will probably be more than they would be if you were leasing.
  • With leasing, your monthly payments will be lower because you’re only paying for a portion of the vehicle’s depreciation plus interest, taxes, and fees.

Down Payments:

  • Car Financing typically requires a larger down payment than leasing.
  • Leasing may require little or no down payment.

Mileage Restrictions:

  • Financing typically has no mileage restrictions.
  • -Most basic leases have an annual mileage cap of 15,000 or less. You can agree to a higher cap, but the monthly price will often go up. This is due to the automobile losing value during the lease. When you return the car, you’ll undoubtedly be assessed an extra price if you go over the yearly mileage cap.

End of Term:

  • With financing, you own the car and can keep it for as long as you want.
  • At the end of a lease, you have several options. You can purchase the car for its residual value, return it to the dealer, or lease another new vehicle.

Early Termination:

  • With financing, you need to make monthly payments to the bank. You can always sell your car while continuing to make regular payments or end the agreement by giving the bank the remaining balance.
  • With leasing, banks have the right to impose termination costs in the event of early termination of the contract. Usually, paying this charge equals continuing to make the first monthly installments.


  • Financing a car means you will eventually own the vehicle outright and can sell it or trade it in for its Kelley Blue Book value. The car’s value will decrease, but you may do anything you want with the equity.
  • With leasing, the car’s value is less of a concern because you will not own it at the end of the lease. The vehicle will have no equity when it is returned to the dealership.


  • Financing gives you the freedom to customize your car however you want. You can add aftermarket parts, paint them, or make any other changes without worrying about violating the terms of your agreement.
  • With leasing, you are usually restricted from making any changes to the car. This is because the vehicle will need to be returned in good condition at the end of the lease.

Wear and Tear:

  • With financing, you are responsible for all repairs and maintenance on the car. This includes scheduled servicing, oil changes, and unexpected repairs.
  • When leasing, you may have to pay for some scheduled maintenance and unexpected repairs, but typically not as much as if you were financing the car. There is also a higher chance that your vehicle will be under warranty for at least part of the lease, which can save you money.


There are pros and cons to both financing and leasing a car. It depends on your circumstances as to which option is best for you. Financing is the way to go if you want to own the vehicle outright and have more freedom to customize it. However, if you wish to lower monthly payments and don’t mind giving up ownership at the end of the lease, then leasing could be a better option. Whichever route you choose, make sure you do your research and understand all the terms and conditions before making a decision.

Auffenburg Chrysler of Herrin, serving Carbondale, IL, will assist you regardless of your credit history. Whether you want to lease a Dodge with affordable monthly payments or buy a used car with enticing financing, our finance department will help you drive away in your dream vehicle.

Get pre-approved now!

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What is under the hood of the 2022 Ram 3500?

Engine and Performance Specs of the 2022 Ram 3500

If you’re planning to purchase a pickup truck with American-built quality paired with exceptional hauling capabilities, it would be wise to go for the 2022 Ram 3500. Available in Tradesman®, Big Horn®, Laramie®, Limited Longhorn®, and Limited trim levels, the 2022 Ram 3500 offers a widely customizable vehicle spec suiting to your requirement. Let’s explore the powertrain and capability features of the 2022 Ram 3500 at Auffenberg Chrysler of Herrin in Herrin, IL.

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How safe is the 2022 Dodge Durango?

Safety Features of the 2022 Dodge Durango 

Priced at a starting MSRP of $38,495, Dodge has introduced the 2022 Dodge Durango with a driver-centric cockpit and performance-inspired design. The new model is available in 7 different trim levels: SXT, GT, GT Plus, RT, Citadel, RT Plus, and SRT 392. It also offers an available Best-in-Class towing capacity of up to 8,700 pounds. Are you intrigued to know about the safety and security features of this powerful SUV from Dodge? Keep scrolling down to learn more about all the safety features of the 2022 Dodge Durango at Auffenberg Chrysler of Herrin in Herrin, IL. 

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Coolant is being poured in a car.

Antifreeze Vs. Coolant: Radiator Solutions Made Simple

Coolant is being poured in a car.

Key Takeaways:

  • Antifreeze or coolant both refer to radiator fluid.
  • It keeps the engine running at an optimal temperature, even in cold weather conditions.
  • Antifreeze and coolant are essential for your vehicle and should be changed regularly every two years.
  • If you live around extreme temperatures or drive extensively in dusty conditions, you may need to change your coolant more frequently.
  • Check the color of the radiator fluid. If it is off, you should flush it with a new one.
  • If the fluid looks cloudy or milky, this may signify possible contamination with engine oil or transmission fluid from a petroleum product.
  • Auffenburg CDJR of Herrin offers car repair and maintenance services to customers in Johnston City, IL, and the surrounding areas.

When the weather cools down, you must ensure that your car is ready for winter. A critical constituent of your engine cooling system is radiator fluid comprising antifreeze and coolant. This liquid helps to keep your engine running at an optimal temperature, even in cold weather conditions. Auffenburg CDJR of Herrin will discuss the essential facts about antifreeze and coolants. We will cover everything from their composition to their benefits to how you can maintain them properly.

Radiator Fluid

Radiator fluid is the name given to both antifreeze and coolant. As a result, if you’re unsure what to call it, use that word instead. Now that winter is arriving soon, it’s time to prepare your car for extreme temperatures, salt-covered roads, and slushy driving conditions. Many individuals know that their radiator requires antifreeze when it’s freezing outdoors.

How it Works

Radiator fluid combines chemicals that prevent freezing, overheating, and corrosion. In addition, it serves as a heat transfer agent for the engine by warming the engine block when cold and drawing heat away from components when hot.

The cooling system runs in a loop, flowing through the engine and heater core before reaching the radiator and starting over again. Vehicle manufacturers ensure that their radiator fluid can protect your vehicle in hot and cold weather by considering all types of climates when they design it.

Corrosion inhibitors are added to these liquids to protect your engine and its cooling system from scale, rust, and pollutants that can harm their efficiency over time. Your car’s engine may overheat or seize up if you don’t have radiator fluid in it, causing significant damage to your vehicle and potentially leaving you stranded.

Composition of Coolant and Antifreeze

Coolant is made of water and glycol. Glycol is an antifreeze agent that helps to keep the liquid from freezing in cold weather conditions. It also prevents the coolant from overheating and boiling in extreme heat, helping to keep engine temperatures stable regardless of climate or driving conditions. The ratio of water to glycol in the coolant can vary, but it is typically around 50/5. The resultant coolant mix must have low freezing and high boiling points for antifreeze to work properly. It ensures that your engine will not overheat or freeze in extreme temperatures.

Learn more about the composition of coolant and antifreeze.

Benefits of Antifreeze and Coolant

There are many benefits to using antifreeze and coolant mix in your car.

1. Protects the Engine from Corrosion

It helps to protect your engine from corrosion and rust. It also helps to prevent overheating by circulating the coolant through the radiator.

2. Prolongs the Life of the Engine

Additionally, antifreeze and coolant can help prolong your engine’s life by keeping it running at an optimal temperature.

3. Regulates the Temperature of the Engine

Radiator fluid is a critical component of any engine cooling system. It helps to keep the engine running at an optimal temperature, even in cold weather conditions.

To keep your radiator functioning correctly, you must change the fluid regularly. Most car dealerships recommend changing it every two years. However, you may need to replace it more often if you live in an area with extreme temperatures or if you do much driving in dusty conditions.

Types of Radiator Fluids

Getting a compatible radiator fluid for your car is critical since many versions have various corrosion-inhibiting components. Organic, inorganic, and hybrid corrosion inhibitors

Many of these solutions coat the inner surfaces of engine components in a film of protective covering, which reduces friction and cleans them while also preventing deposits from forming. Radiator fluid comes in wide varieties, but the most important thing to remember is that it should never be mixed, and it’s preferable not to switch types during a refill.

If you mix different radiator fluids, a gel byproduct may form and clog the cooling system passages in your engine. It will cause the radiator fluid to overheat or freeze. So, if you’re unsure about what radiator fluid to use in your car, double-check before mixing them.

When is it Time for a Top Up?

You can check your coolant levels by finding the radiator fluid reservoir tank. Ensure your engine is cooled off, then open your vehicle’s hood. The coolant reservoir is usually a small white tank with maximum and minimum lines on the side. Next, find a cap with “engine coolant” or “antifreeze” written on it.

There are two things you need to check when it comes to your vehicle’s radiator fluid: the level and the color. The radiator fluid should be visible and fall between the two lines on the tank. If the color of the liquid is off, that means additives have been used up, and it might be time for a flush. If there’s a cloudy or milky look to the fluid, this may signify possible contamination with engine oil or transmission fluid from a petroleum product. In this case, take your car to a certified technician or the nearest car dealership as soon as possible.

Also, read our blog on DIY vehicle maintenance to keep your car in top-notch condition.

Need Car Repairs or Maintenance Services in Johnston City, IL? No Problem!

Auffenburg CDJR of Herrin, serving Johnston City, IL, is committed to providing excellent customer service. We want to ensure you have access to the expertise, equipment, and supplies you need to keep your car in top-notch condition. We carry a wide selection of antifreeze and coolants that will meet your specific needs.

Schedule your appointment!

We have a sizeable collection of new and pre-owned cars. And don’t forget about our Auffenberg Advantage–free car washes with every service visit, extra value for your trade-in, free appraisals, free vehicle history reports, and more! We look forward to serving your car at our dealership soon.

Contact us today!