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Ford Really Wants You To Buy Its EVs With 0% APR, Thousands Off, And Free Charger

Carscoops

That includes 0% APR on both the F-150 Lightning and the Mustang Mach-E. That means that buyers or lessees will get a charger installed at their home (if applicable) included in the cost of the car itself. That includes 0% APR for 72 months and $5,000 in bonus cash. Those who prefer to buy the Mach-E still get a good deal.

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Kia Tries To Woo Tesla Owners With Discounts

Carscoops

Read: Kia Holds Off Full-Scale US Production Of EV9 As It Awaits Local Batteries Additionally, Kia is promoting all 2024 models of the EV6 with 0% APR for up to 72 months, along with lease cash of up to $14,600 in select states like California, Oregon, and Washington.

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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4% According to S&P Global Mobility, credit unions now offer the lowest average rates in the industry at an average 4.7% for captives and 6.2%

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OEM Trends in Customer Financing

Automotive Mastermind

S&P Global Mobility notes, the average APR has risen this past May when compared to a year ago for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300 and 600. According to S&P Global Mobility , the average interest rate on a new vehicle loan rose to 4.8% make loyalty, respectively).

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