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CULA Grows by Double Digits in 2024, Saves Credit Union Members ~$63M Annually with Vehicle Leases

Dealer World

CULA partner credit union members saved a total of more than $63 million on lease payments in 2024, and an average of $159[1] per month versus traditional auto loan payments. These factors reinforce leasing as a compelling alternative to traditional financing and CULAs appeal to a growing number of credit unions. "The

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Mitsubishi Triton Loses Payload Capacity To Gain More Buyers In Australia

Carscoops

The company claims that the Triton will now “appeal to a wider customer range”, including “novated lease customers” So What Is Novated Leasing? As reported by our colleagues at CarExpert , the novated lease is a three-way agreement between the lease, their employer, and a finance or leasing company.

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Not Just a Payment Option: Why Vehicle Leasing Is a Dealership Strategy

Full Path

Prices are up, and while loan rates have dipped slightly from last years peak, they are still much higher than what buyers were used to just a few years ago. Inflation continues to stretch household budgets not just during the buying process, but throughout ownership, making buyers more hesitant and more likely to delay purchase decisions.

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Toyota launches subscription-style service for its new electric vehicle

Drive.com

However, the Japanese auto giant said it will have full ownership of the vehicle throughout the entire three-year leasing period, and buyers are eligible to upgrade to a new vehicle or have the option to re-extend their lease of the car once they’ve finished their term.

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2022 BMW X3: Finance or lease?

Shawn Ryder

When considering a luxury vehicle like the 2022 BMW X3, potential buyers often face the decision of whether to finance or lease. In this blog post, we will explore both financing and leasing options for the 2022 BMW X3, helping you determine which choice aligns best with your lifestyle and budget.

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Ford Enters EV Price Wars, Cuts Mustang Mach-E Prices By Up To $8,100

Carscoops

The decrease will also help attract buyers, particularly after confirmation that the Mustang Mach-E does not qualify for any federal tax incentives in the U.S ” Furthermore, according to Ford spokesperson Marty Gunsberg, Ford is providing 0% financing for 72 months to eligible buyers.

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What is novated leasing, and how does it work?

CarExpert

One increasingly talked-about method is the novated lease. A novated lease is a three-way agreement between you, your employer, and a finance or leasing company that can significantly reduce your tax obligations. It also means the costs are part of your salary sacrificed payments, boosting the tax benefit.