Remove Buyer Remove Finance Remove Financing Costs
article thumbnail

Are lower cost electric car loans on the way? Plans afoot to cut finance costs for EV buyers

Auto Express

UK Government is in talks with finance industry over guarantees aimed at reducing interest rates

article thumbnail

1 In 5 New Car Buyers Took On $1,000+ Monthly Payments In Q4

Carscoops

With the cost of financing skyrocketing, analysts are advising potential buyers to consider alternatives, such as used cars or new EV leases, to keep their budgets in check. in Q4 2023, a small consolation for those financing record-high amounts. New Car Finance Data (Averages) Metric 2024 Q4 2023 Q4 2024 Q3 Loan Term 68.8

Buyer 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Carwow to help dealers boost sales during September plate-change

Motor Trader

Philipp Sayler von Amende, CCO at Carwow, said: “This campaign builds on the success of Carwow’s previous seasonal campaigns, which typically deliver a 27% increase in sales for participating retailers by helping them engage with millions of potential buyers.

Retail 105
article thumbnail

Is it smart to buyout a lease instead of straight financing?

Shawn Ryder

When it comes to acquiring a vehicle, consumers are often faced with a pivotal decision: should they buy out their lease or pursue traditional financing? This question is not just about numbers; it dives into personal finance, lifestyle choices, and future freedom with vehicle ownership. Let’s delve into them.

Finance 52
article thumbnail

Electric Vehicle Trends 2024: Boom or Bust Future for EVs 2024

Jato

With electric vehicle uptake continuing to be a hot topic for the automotive industry, we take a look at the latest Monthly Payment finance data to give our predictions on the trends we could see in 2024. Prediction #1: Big 5 European markets – Will high-costs for BEVs remain or decline in 2024 ?

Retail 111
article thumbnail

Companies seek cure for profit-wrecking EV values

Autocar

Stable used car values have become critical to new car sales in that they determine finance costs, so the continued weakness in EV prices is also hurting car companies as they look to increase the percentage of zero-emission cars they sell. With such strong new car offers on EVs, where is the incentive for the used buyer?”

article thumbnail

Why Tesla sales have tanked and why the price will keep dropping

CarExpert

That’s the case at the moment for hundreds and hundreds of Model 3 and Model Y vehicles that continue to arrive by boat, but don’t have any buyers attached to them. A recent 7 News story detailed the deluge of Teslas sitting dormant at the docks in Melbourne with no buyers in sight.