49 Years of Chevrolet | Grants Pass, Oregon

By jessies | Posted in Dealership News on Friday, August 18th, 2017 at 10:23 PM

In the spirit of our Founders Day Celebration we have added some AWESOME classics to our showroom floor.  Two of these vehicles hold a special place in our hearts because they were both purchased from Sigel-Tonkin Chevrolet!

1969 Chevrolet Chevelle Custom Deluxe 2-Dooor

Every car has a story, and this 1969 Chevrolet Chevelle Custom Deluxe 2-Door is no different.  This Chevelle was ordered new in 1969 from Sigel-Tonkin Chevrolet.  It was ordered for Jim “J.J.” Sigel’s mother-in-law, Gertrude Dunham, and has remained in the family ever since.  It has its original 34,000 miles on it and has never been wrecked or damaged.  The Chevelle however, has been repainted one time here in the Jim Sigel Automotive Collision Center, but the original factory color was used.

It is equipped with the original drivetrain, a 307 cu. Inch V-8 3-speed turbo automatic transmission.  However when it was ordered, it was ordered with the “radio-delete” and “carpet-delete” options.  The car has since been modified with front disk brakes, dual exhaust, heavy-duty front and rear sway bars, custom wheels and tires and lowered 2 inches.

1969 Chevrolet Chevelle

1970 Chevrolet C10 “Lorraine”

Lorraine was purchased new from Sigel-Tonkin in 1970 by Mr. & Mrs. Livesay.  They enjoyed many many years with their truck camping, and visiting friends and family in Washington and around the Pacific Northwest.  Even after her husband passed away, in 1990, Mrs. Livesay, Lorraine, held onto her husbands truck.  One of his most precious possessions.  Due to space constraints Lorraine eventually was forced to sell the Chevy C10, but she would only sell it under one condition.  That the truck was to be taken care of and enjoyed as much as her husband and her had enjoyed their time with it.  So our Sales Manager, Phil White, purchased the truck in 2014.

Lorraine has an original 77,000 miles on the factory 350 engine.  She received a new paint job with “factory correct” color and a new set of disk brakes, shocks, springs, and has been lowered 3 inches.  A Line-X bedliner has also been installed.

1970 C10

So stop in before the end of the month and check out these beauties on our showroom floor!  Our Founder’s Day Sale runs through the end of August.  To read more about the history of the dealership hop on over to our other blog entry here: |Jim Sigel Automotive – 49 Years and Counting!| and our sales event here: |Founder’s Day Sale|.

Pre-Owned Vehicle Warranty | Grants Pass, OR

By jessies | Posted in Car Care Tips | Southern Oregon on Monday, August 7th, 2017 at 10:03 PM

Free Used Car Warranty

Jim Sigel Advantage Plan | Grants Pass, OR

Jim Sigel Automotive wants to make purchasing a vehicle as easy and transparent as possible.  That is why we now offer, at no cost to you, a complimentary warranty on most pre-owned vehicles.  When you purchase a used vehicle here, you have extra piece of mind with the Jim Sigel Advantage Plan.

We offer now offer a limited 3 month/ 3,000 mile Power-Train Warranty on almost all of our pre-owned inventory here at our dealership in Grants Pass. |See below for qualifying vehicles|.

This complimentary 3 month/ 3,000 mile power-train warranty is offered by one of the oldest family owned dealerships in Southern Oregon.  When you buy your vehicle here in Grants Pass from Jim Sigel Automotive you can be assured that your used car will give you and your family many miles of happy motoring.

So what are you waiting for?  Check out our great selection of used vehicles by clicking |HERE| or contact a Sales Consultant to find out about more great offers by clicking |HERE|.

Eligible Used Vehicle Requirements:

  • 100,000 miles or less
  • 14 model years and newer
  • Previous licensed and titled vehicle

Excluded Used Vehicles:

  • Factory certified vehicles
  • Commercial, delivery, taxi service, zero emission vehicles

*For more details regarding coverage, deductible and the enhancements with additional coverage please ask a Sales Consultant.

Jim Sigel Automotive – 49 Years & Counting | Grants Pass

By jessies | Posted in Dealership News on Thursday, August 3rd, 2017 at 11:15 PM

Founder's Day Sale

The History of Jim Sigel Automotive

August is a special time here at Jim Sigel Automotive because we celebrate our founder, Jim “J.J.” Sigel, and the beginning of Jim Sigel Automotive here in Grants Pass.  J.J.’s hard work and love of the auto industry have allowed us to be your local Chevrolet, Honda and Nissan dealer for 49 years and counting!

Sigel-Tonkin to Jim Sigel Chevrolet

Dealership Corner 7th and J St.

In 1968 J.J. and his family moved to Grants Pass, at the request of his boss and partner Ron Tonkin, from Portland, Oregon. Ron and J.J. had purchased the local Chevrolet franchise, Kelt Chevrolet, renaming it Sigel-Tonkin Chevrolet.  The original dealership was located on 7th and J St. in downtown Grants Pass. (Pictured above.)

J.J. had been a General Manager at one Ron’s Chevrolet dealership in Portland for many years and had always dreamed of owning his own dealership.  With Ron’s experience as a dealer and financial assistance, J.J. was able to realize his dream.

In 1976 J.J. was ready to buy out his partner and the dealership was renamed Jim Sigel Chevrolet.  Along with owning his own dealership, J.J. had dreamed of building a state-of-the-art facility.  That goal was achieved in December of 1977 when he opened our current location at 1601 NE 7th St.  Pictured below is J.J. at the grand opening of our current location.

J.J. Sigel at Grand Opening

Honda Joins the Lineup

Over the years other makes have been added and removed from the lineup.  In 1971, with the insistence of his partner Ron Tonkin, J.J. added Honda.  Ron was an automobile aficionado and traveled around the world visiting manufacturers in foreign countries.  On a trip to Japan in the early 70’s he discovered Honda and saw the immediate value of the franchise.  At the same time the gas crunch of the 1970’s was about to hit.  J.J. had gas efficient Honda 600’s on the lot and ready for sale, and the rest is history.  46 years later we are still selling Honda’s here in Grants Pass, Oregon.

Nissan & a Few Others

The year 1989 brought about a few major changes for Jim Sigel Automotive.  That year J.J. acquired Auto Martin Ltd. and a second store was opened on 6th street. (Where Taco Bell and the Human Bean are located today.)  The Jim Sigel Import Center was opened with Mercedes Benz, Volvo and Nissan.  As the years passed J.J. moved Nissan and Volvo to our current location and sold the Import Store and Mercedes Benz franchise.  Volvo was also sold and Jim Sigel Automotive was left with the three great lines we carry today; Chevrolet, Honda and Nissan.

Current Location 1977 – Present

Current Location 1977

There have been a lot of changes to Jim Sigel Automotive since 1977, but two thing has remained the same.  Our hard working employees and our AMAZING customers who allow us to continue as the local Chevrolet, Honda and Nissan dealer in Grants Pass.  There is now an energetic third generation in the building to carry on J.J.’s legacy for years to come.   What started as a dream 49 years ago has many years ahead in our great little town of Grants Pass, Oregon.

|To view more information on our Founder’s Day Sale click on the button below|

Founders Day Sale

All-New 2018 Honda Accord | Southern Oregon

By jessies | Posted in New Models on Monday, July 24th, 2017 at 6:19 PM

Southern Oregon | All-New 2018 Honda 

2018 Honda Accord


The 2018 Honda Accord debuted in Detroit last week and it couldn’t look better!  The 10th generation Accord is longer and leaner appearing more like a rear wheel drive car than a family sedan.  While the 2018 Honda Accord underwent some serious changes, the heart of Honda’s leading midsize sedan remains the same.  The Accord continues to be a safe, affordable, family friendly sedan the entire family can comfortably cruise around Southern Oregon in.

Improved 2018 Honda Accord

The 2018 Honda Accord comes with a few new key features.  Not only is the wheel base longer, the overall height and length is shorter.  Providing a sportier more aggressive ride.  The engineers also worked to reduce road noise by incorporated acoustic glass, structural adhesives, sound insulation absorption materials and under-body panels.

The front seats received upgrades as well.  The drivers seat now benefits from a 12-way power adjuster with height-adjustable lumbar support.  The seats have also been redesigned to provide more support with upgraded back rests, variable firmness padding.  The front seats in certain models can not only be heated, but ALSO cooled!  Talk about a comfortable ride!

The upgrades don’t stop with the interior.  The exterior also includes a chrome-wing grille, available 9-lamp full LED headlights, LED light-pipe taillights and dual exhaust.

Trim Packages

There are SIX trim levels available on the all-new 2018 Accord that goes on sale this fall.  They include; LX, Sport, EX, EX-L EX-L Navi and Touring.  There is also a hybrid version that is scheduled to arrive in early 2018.

The new Accord will come with a 2.0-liter or 1.5-liter engine options.  The 1.5-liter will have 192 horses under the hood and 192 lb.-ft. of torque.  The engine will be paired with either a continuously variable transmission (CVT) or a 6-speed manual, only on the Sport trim level.

The 2.0-liter 4-cylinder turbocharged engine is a modified version of the engine that is used in the Civic Type R.  The engine is paired with a 10-speed automatic transmission that has paddle shifters (first ever in a front wheel drive car) or a 6-speed manual in the Sport version.  This engine packs 252 horsepower and 273 lb.-ft of torque.  Both engines come with Eco, Normal or Sport driving modes.

  • 1.5-Liter engine will be available on: LX, Sport, EX, EX-L, EX-L Navi, and Touring.
  • 2.0-Liter 4-cylinder turbocharged engine will be available on: Sport, EX-L, EX-L Navi, and Touring.

Tech Tech Tech

Not only is the 2018 Accord paving the way with the first ever 10-speed automatic transmission, it has a host of tech features for the gadget lover.  The new Accord comes with the capability to utilize either Apple CarPlay or Andriod Auto and is compatible with a host of apps.  The Accord also has a 8.0-inch display that has a smartphone-style screen that allows you to swipe, spread and pinch the screen.  If you aren’t too sure about the touch screen have no fear, the power/volume and tuning knob are both still at your finger tips as well.

The all-new 2018 Honda Accord also comes with 4G LTE in car Wi-Fi and Wi-Fi enabled over-the-air system updates.  The Accord has multiple USB ports including quick-charge USB on trims EX and above.  Automatic Bluetooth pairing with Near Field Communications technology is available as well as an over-sized heads-up display for the driver on higher trim levels.

Safety First

The new Accord also comes with Honda Sensing standard.  This suite of safety systems includes collision mitigation braking, lane departure warning, road departure mitigation, adaptive cruise control and traffic sign recognition.  Also available on some trim levels are blind-spot monitoring, front and rear parking sensors, cross-traffic monitoring and driver-awareness monitoring.  To read more about Honda Sensing check out our blog |Honda Sensing|

Get On the List

The 2018 Honda Accord  truly outdoes its competitors in many categories.  It exceeds the midsize class in interior space and quality and has a new lighter more rigid body and chassis design.  The new Accord truly has an electric performance.

If you want test drive an all-new Accord as soon as it is here; contact a Sales Consultant today!  Click here to tell us you are an interested in the all new |2018 Honda Accord| today!

Back to the 50’s Celebration | Grants Pass, Oregon

By jessies | Posted in Community Events & Involvement on Tuesday, July 18th, 2017 at 6:18 PM
Classic Chevys

Back to the 50’s | Grants Pass, Oregon

With the month of July being half over, we can start getting excited about Back to the 50’s here in Grants Pass.  This year marks the 27th Anniversary for the event!  The celebration kicks off on Tuesday July 25th and runs through Saturday July 29th.  If you are a fan of Classic Cars, Sock Hops and Oldies Music this weekend is for you!

While the week has a packed itinerary, the heart of the Back of the 50’s celebration embraces a slower time.  With an ice cream social, Friday night dance and Saturday night cruising the streets of Grants Pass feel like they are transported back in time.

Rogue Valley Classic Cruisers – Same Club; Different Name

While the Rogue Valley Classic Chevy’s recently change their name to Rogue Valley Classic Cruisers, the club mission has stayed the same.  The Rogue Valley Classic Cruiser’s organize the Pre-Show, Fabulous Fifties Car Show in Riverside Park and the Cruise on Saturday evening, that run in conjunction with the Towne Center’s Back to the 50’s celebration.  All of the proceeds from the show benefit two different charities each year and the RCC Automotive Scholarship Program.  To read more about the Rogue Valley Classic Cruisers click here. |RVCC Website|

Back to the 50’s Schedule

Tuesday July 25th

  • 6:30 -8:30 pm: @ Concerts in the Park: Sound Stage Revue kicks off Back to the 50’s week!

Wednesday July 26th

  • 6:00 pm: Sock Hop & Pap’s BBQ @ the Fruitdale Grange! Dance the night away to classic oldies!

Thursday July 27th

  • 6:00 -8:00 pm: Diner Night and Poker Run! Enjoy time at Jimmy’s Drive in, Ric’s Corvette Bar & Grille, Climate City Brewery, Dairy Queen South, and Sonic!

Friday July 28th

  • 8:00 am – 2:00 pm: Class Car Pre-Show in the Grower’s Market Parking Lot!
  • 4:00 -7:00 pm: Ice Cream Social at the Grants Pass Historical Society!
  • 5:30 -10:00: Friday Night Special! Classic Car Lineup Corner of 6th & G St.
  • 7:00 -11:00: Free Concert and Free Movie Night! Corner of 6th & G St.

Saturday July 29th

  • 10 am -3:00 pm: 2017 Classic Car Show-n-Shine (Pre 1975 models) Riverside Park, Grants Pass
  • 10:00 -2:00 pm: 2017 Back to the 50’s FREE Napa Games for Children! Napa Auto Parts 5th & H St.
  • 7:00 -9:00 pm: 2017 Classic Car Cruise 6th & 7th Streets Downtown Grants Pass
  • 9:15 -11:00 pm: 2017 Grand Finale Free 50’s Concert and Street Dance! Downtown Center 6th & G St.

Click Here for Back to the 50’s  |Registration|

Chevrolet Bowtie History | The Bodacious Bowtie

By jessies | Posted in Automotive History on Wednesday, July 12th, 2017 at 11:39 PM

Chevrolet.Bowtie

Chevrolet; the Car with a Bowtie

As the sponsor of the Bodacious Bowtie award at the Classic Car Show-n-Shine during the Back to the 5o’s  Celebration, we wanted to look at the mystery in the history of the Chevy Bowtie.

Chevrolet Bowtie History

The Chevrolet Bowtie was originally introduced by the company’s co-founder William C. Durant in 1913, but the story of how it became the iconic emblem varies.

The most highly-accepted tale has Durant, himself, spotting the logo in patterned wallpaper on a visit to Paris in 1908.  Durant tore off a piece of the wallpaper and took it home so he could create a nameplate for Chevrolet the story goes.

Several other accounts have emerged over the years from the Durant family.  His daughter, Margery, sites a time around the family dinner table in which Durant sketched the emblem.  “I think it was between the soup and the fried chicken one night that he sketched out the design that is used on the Chevrolet car to this day,” she wrote in a book entitled, My Father.

Another account was from an interview given by his late widow, Catherine.  She recalled a time that they were in Hot Springs, Va in 1912.  While reading the newspaper Durant spotted an ad and thought the emblem would make a great Chevrolet nameplate.  However, she could not recall what the design was or how it was used.

Swiss Influence?

Another hypothesis about the origin or the Bowtie is that is resembles similar characteristics to the cross on the Swiss flag.  A tribute to co-founder, Louis Chevrolet’s, Swiss heritage.  The true origin of the Chevrolet Bowtie will most likely always be a mystery.

The Bowtie – Worldwide

While there have been may versions of the Chevrolet Bowtie over the years, it remains one of the most recognized emblems worldwide.  Starting in 2004 one singular gold Bowtie has been phased in as the worldwide emblem.

While the Bowties will look different during the Back to the 50’s Cruise, the heritage and the heart of the classic Chevrolets will be the same.  If you are looking for more information on Back to the 50’s read more  on our blog here: [Back to the 50’s]

 

+ To read more from the source for this blog jump over to the Chevrolet website here: http://media.gm.com/media/us/en/gm/news.detail.html/content/Pages/news/us/en/2011/Sep/0902_bowtie.html

Upcoming Events | Summer 2017 | Grants Pass

By jessies | Posted in Community Events & Involvement on Friday, July 7th, 2017 at 11:33 PM

Events.GrantsPass.Summer2017

|Upcoming Events|Summer 2017|

Summertime is hands down one of the best times of year in Southern Oregon.  Grants Pass’ signature sign hanging over 6th Street  screaming, It’s the Climate” actually make sense during the hot summer days and warm summer nights.    Whether you enjoy camping, hiking, or festivals you will be able to fill up your weekends.   Here is a snap shot of events this month in Grants Pass.

Grants Pass Event Calendar

July 7th – 9th

  • Southern Oregon Lavender Festival – For the first year ever, the Southern Oregon Lavender Festival has added a second weekend!  So if you didn’t get out to the Applegate Valley in June, don’t miss out on the second weekend!  Not only are you able to take in the beautiful farms and plants, but sample culinary uses of lavender, pick your own and purchase other great lavender based products!  This truly is a must see event!  For more information check out the Southern Oregon Lavender Festival’s website here: http://www.southernoregonlavendertrail.com/
  • Rally on the Rogue – The first ever Rally on the Rogue debuts July 7th and runs through Sunday July 9th.  Check out the awesome vintage trailers and vendors.  Awards will be handed out and there will be a collection of food vendors and local breweries represented.  For more information check out their Facebook Page here: https://www.facebook.com/rallyontherogue/

July  14th – 15th

  • Corvette Weekend – Celebrate the 27th Southern Oregon Corvette Weekend here in Grants Pass.  There are many events to take part in; including viewing the AWESOME (we may be partial) Corvette’s on display on Saturday July 15th.  To read more about Corvette Weekend head to their website here: https://www.sovette.com/27th-corvette-weekend

July 25th – 29th

Other Events in Grants Pass

If you can’t make it to one of the great weekends above there are plenty of other events happening in Grants Pass this summer.  They include:

  • First Friday LIVE! – The first Friday of each month the downtown retailers, galleries and restaurants keep their doors open a bit later to enjoy the night.  There is usually music, performances and fun!
  • Growers Market – every Saturday 9-1pm in the parking lot behind the U.S. Post Office at 4th & F St. Our local market has been in operation for over 30 years here in Grants Pass!  Find an amazing selection of produce, food, plants and more!  For more information here: http://www.growersmarket.org/
  • Concerts in the Park – every Tuesday through August 8th.  Concert starts at 6:30 pm with food, and dancing it is a great evening for the family!  For a list of performs head to their website: http://travelgrantspass.com/199/Concerts-in-the-Park

Enjoy summer 2017 in beautiful Grants Pass!  It’s the Climate!  For a complete list of what is happening in Grants Pass and surrounding areas visit Travel Grants Pass’ website: http://www.travelgrantspass.com/.  Have fun!

Summer 2017 Driving Tips | Southern Oregon

By jessies | Posted in Car Care Tips | Southern Oregon on Thursday, June 29th, 2017 at 5:01 PM

Summer Driving Tips 2017

|Summer 2017 Driving Tips |

Summer 2017 is here and that means it’s time to schedule some road trips to enjoy beautiful Southern Oregon.  With great hiking, lakes, rivers and camping right in our backyard we don’t have to go far for some summer fun, but we do have to drive.  From the outdoor enthusiasts traveling the unknown back roads, to the I-5 warriors, making sure your vehicle is ready for the extra miles this season should be at the top of your vacation check list.

The Car Care Council Recommendations

AAA is estimating that they will receive over seven MILLION calls from stranded motorists with car trouble this summer alone.  You read that right MILLION.  AAA also reports that 4 out of 10 drivers are not prepared for their vehicle to break down.  Here are a few tips that the Car Care Council recommends to prepare yourself for summer driving.

    • Check the battery; and replace if needed. It is important the electrical system is charging correctly.  Overcharging a battery can result in as much damage as an undercharged battery and excessive heat can shorten its life.
    • Check the tires; we say it ALL the time. Tire pressure and tread is important to not only achieving good gas mileage, but for your safety.  Make sure your tires are wearing evenly and that there no bulges or bald spots.
    • Check the HVAC; the heating, ventilation and air condition system is always important, but in the hot summer months it becomes even more critical!
    • Check all fluids; this includes engine oil, steering fluid, brake, transmission, windshield washer fluid and antifreeze/coolant.
    • Check the wipers and lights; nothing is worse than needing wipers and not having them.  Heat can damage the rubber and cause them to not work properly so even in summer months it is important to make sure they are ready for use. Interior and exterior lights need to be checked as well.
    • Check your emergency kit; make sure you have fresh water and restock your emergency supplies. Having a fully charged cell phone is also critical.

Free Summer Driving Check

Summer Driving Quick Check

The Jim Sigel Service Department is offering a FREE Summer Driving Quick Check that includes; a battery test, coolant level check, wiper blade check, tire inspection, and adjustment of tire pressure all for free!  Did we mention that we are the only AAA certified new car dealership in Grants Pass?  Have peace of mind and let our Service Advisors and Techs make sure that your vehicle will get you where you need to go this summer.  We offer car care from people who really know how to care for your car.  Call today for an appointment 541-476-0811.

[Jim Sigel Service Department Specials]

Team Honda Week of Service | Grants Pass, Oregon

By jessies | Posted in Community Events & Involvement on Wednesday, June 21st, 2017 at 4:49 PM

#TeamHondaCares Week of ServiceWeek of Service Honda

The week of June 9- 18, 2017 signals Honda’s second annual Week of Service across North America.  Which coincides with the date Honda established business in North America June 11, 1959.   Honda predicts that over 20,000 employees and partners will take part in 450 volunteer projects in the United States, Canada and Mexico.  Honda hopes that through the volunteerism of their employees and partners a collective, “Thank You,” can be said to the communities that they are located in.  To read more about Honda Cooperate Social Responsibility and Week of Service click here |Honda; Serving Our Communities| & |Honda -Week of Service|

Jim Sigel Automotive’s Week of Service #HondaPartner

Jim Sigel Automotive’s Week of Service began the beginning of May when we kicked off our fundraising efforts for the Food Bank.  Read more about that here [Partnership with the Josephine County Food Bank]. With the help of our awesome employees, customers and community members we have been able to raise $1300 which equals 6,500 lbs. of food!  How awesome is that! 

Our work with the Food Bank did not stop with raising money.  On June 9th, 33 employees & their family members donate more than 99 hours in the garden as well other projects at Raptor Creek Farm.  Not only did we work in the garlic fields pulling and laying it out to dry, we also worked in the green houses, cutting lettuce.  Gif Gates, Manager at Raptor Creek Farm, estimated that our team picked 200+ lbs. of lettuce and 300 lbs. of garlic.

Other projects that our team executed were installing  fence around the melon field, prepping the field for planting, and tending to the cucumber green house.  Yes you are seeing correctly that green house with vines climbing to the ceiling produces cucumbers!  We also had team members work hard to separate all the tiny little starts of basil to be transplanted after the lettuce rows were cut and amended.   Like Farm Manger Gif says, “Many hands make light work!”

#SupportLocal

Raptor Creek Farm and the Josephine County Food Bank truly do amazing work in our community.  It is so encouraging to see an organization under local leadership thriving in our community and meeting the needs of so many citizens.  The Food Bank serves over 11,000 individuals with 4,808 emergency boxes every month.  With a farm like Raptor Creek’s support it is easy to see why our local food bank is the third most healthy in the state (we bet this rank increases with the addition of these awesome green houses!)

If you want to support the Food Bank visit their website here: |Get Involved|
If you or someone you know is in need of services the phone number is 541-479-5556 or visit their website for pick up locations here: |Box Pickup|

Lease v. Purchase | Southern Oregon

By jessies | Posted in Finance | Grants Pass on Thursday, June 1st, 2017 at 8:46 PM

Financing Options

Lease vs. Purchase: Which is for you?

When it is time to jump into a new set of wheels sometimes it’s hard to determine if buying or leasing a vehicle is a better option.  While there is no clear cut answer to this question it is important to take your lifestyle, driving needs, and usage into consideration.

Important Questions to Consider:

  • How many miles a year do you drive?
  • What is your overall budget; down payment as well as monthly payment?
  • Do you like to customize your vehicle?
  • How long are you planning on owning your new vehicle?

Leasing…

When you lease a vehicle you are able to typically have a nicer vehicle for less money upfront.  With low monthly payments, low to no down payment, and minimal repair costs (since you drive the vehicle for the duration of the manufacturer’s warranty) leasing works well for individuals who enjoy driving a new car every few years.  When you lease you are able to achieve lower payments because you are not paying for the total investment of the vehicle.  You are simply paying the difference in depreciation from the purchase price, to the estimated value at the end of the lease.  Leases vary by manufacturer but typically run anywhere from 24-36 months long.

There are a few catches; when you lease a vehicle you have a contractual obligation to stay at or below the mileage stipulated in your lease (typically 12,000-15,000 per year.) If you exceed this mileage there usually is a penalty (for example $.20 per mile.)  Another downfall is that when your lease terminates you do not own the car.  No matter how much you love your car you are forced to either purchase it or start over with a new car and new lease.  Leasing also does not increase the equityin your vehicle.  Unfortunately, leaving you with no built up equity forcing you to come up with another down payment for your next purchase or lease.

Purchase…

Purchasing a vehicle can sometimes seem a bit scary.  With long contracts; 60, 72 or even 84 months it can feel like a serious commitment!  However, there are advantages to purchasing your vehicle.  The first being if you plan on keeping your vehicle for 5+ years, purchasing allows you to increase your equity over the course of your contract.  Equity is important because it allows you to put “trade value” towards your next purchase.  When you purchase a vehicle you also have more flexibility to personalize your vehicle with tint, wheels and other accessories.  You are also able to sell or trade in your vehicle whenever you want.  Where as in a lease you are held to your contract terms.  Lastly, there are no additional penalties for excessive mileage whether you cruise I-5 or 101 you can drive as far as your tires will take you.

Just like with a lease, purchasing a vehicle has its down sides as well..  Typically your down payment for a vehicle purchase is higher than a lease.  Similarly, when you purchase a vehicle the monthly payment is also higher because you are paying on your total investment, not just the depreciation of the vehicle.  Another con, purchasing a vehicle usually requires more cash down.  Maintenance costs can also add up on a purchase, because you may choose to own the car past the terms of the manufacturer’s warranty and you accrue more in maintenance costs (however you can always purchase a service contract to cover some of those unforeseen expenses!)

How to Decide?

The decision to purchase or lease a vehicle really depends on each individual.  And we realize that it is a hard decision to make.  That is why our Sales Consultants here at Jim Sigel Automotive are ready to help you every step of the way.  Don’t hesitate to contact one of them today and start the conversation.   You can either call 541-476-0811 or send in email here: [CONTACT A LEASING SPECIALIST]

1 Equity is calculated by subtracting the amount you owe on your vehicle from the current value of your vehicle.  The more equity you have in your vehicle the more value you can transfer to your next.