Frequently Asked Questions

  • We have a program in place for first time buyers
  • Everything is done in one stop
  • We have built relationships with our lending sources to get you competitive rates
  • Multiple lender options to best fit your needs
  • We have manufacturer subsidized lower rate
  • We have financeable extended service contracts

Learn the Difference Between Buying and Leasing

Americans change cars every three to four years. When you trade in your car, your decision to purchase or lease a Chevy or Subaru depends on your individual needs. If you're looking for the feeling of ownership, a car you can put a lot of miles on, or to drive the full life of the car, you may look into purchasing your next vehicle. Otherwise, we recommend leasing as viable option. When you purchase your Chevy or Subaru, you finance the whole cost of the vehicle, while leasing only pays for the depreciation over the term of the lease. After your lease term, you can purchase the car based on the guaranteed future value established at the beginning of your lease, sell or trade the car and keep the equity, or walk away with no negative equity and find a new lease or purchase a different vehicle. Whether you're looking for the long term commitment of purchasing a vehicle or the ability to get a feel for your vehicle with a lease, you'll find an incredible Chevy or Subaru selection and fantastic savings at Roy Robinson Chevrolet.

Buying VS Leasing
Sizable down payment Money Down Less up front money
Higher monthly payment Monthly Payment Lower monthly payment (up to 60% lower)
Negotiated trade-in value Trade-in No trade in hassle or negotiation
Responsible for maintenance costs after warranty expires Warranty Less maintenance - typically always under warranty
GAP protection not included - added expense to purchase GAP Protection GAP protection included
Stagnant technology based on what was in effect at time of purchase Technology Technology obsolescence protection
No loyalty incentives Loyalty Lease loyalty incentives
Eligible for all dealer incentives Incentives Eligible for all dealer incentives
Potential negative equity if you sell your car before it is paid off Equity No chance of negative equity
Not required to maintain vehicle, but since you may eventually own it, why wouldn't you? Program Maintenance Responsible for program maintenance per manufacturers recommendation or you may be charged excess wear and tear
The negotiated price of a new vehicle is the same Vehicle Price The negotiated price of a new vehicle is the same
Insurance payments are the same Insurance Insurance payments are the same

Let's take a look at your options and highlight the advantages between the two:

Trade-In Advantages

  • You get a tax discount on the price difference
  • You easily walk in and walk out with another vehicle
  • You don't have to worry about insuring multiple vehicles
  • No need to deal with unreliable buyers
  • All the licensing and bill of sale paperwork is handled for you
  • We will payoff the amount owed for you (if any) and work it into the new loan (no need for you to deal with your lender)

Private Sale Advantages

  • You could get more for its value if you find the right buyer

Now let's take a look at the disadvantages:

Trade-In Disadvantages

  • You may get less for its value due to the overhead in reconditioning the vehicle to make it safe and clean for the next buyer

Private Sale Disadvantages

  • You don't get a tax discount when purchasing your vehicle
  • It will take time and effort to list your vehicle and to find a buyer
  • You will still have to pay to insure the selling vehicle if you plan on driving it while waiting for a buyer
  • There are a lot of unreliable shoppers, which can become stressful
  • You will be responsible to create a bill of sale and deal with the DOL
  • If you plan on reconditioning the vehicle to make it more presentable to a buyer, that adds time and expense
  • If you still owe more than what it's valued at, you will owe the remainder to your lender at the time of sale in order to produce the title, which also takes time that your buyer may not be willing to wait for