article thumbnail

Car makers losing $6000 on every electric car they sell – report

Drive.com

On that basis, the Group estimates most automakers lose around $US6000 ($AU9000) on each electric vehicle they sell for $US50,000, after accounting for customer tax credits. Using US pricing, only one electric model available today is ticking most consumers’ boxes – the Hyundai Ioniq 6 , which starts from $US42,450 before on-road costs.

article thumbnail

Navigating Zero Down Car Leases

Your Car Buying Advocate

Key Terms to Understand for Zero Down Car Leases Two critical terms associated with leasing are: Capitalized Cost: This refers to the negotiated price of the leased vehicle. Dealerships are often willing to work with informed and engaged customers. Can I customize a leased car? Can I negotiate the terms of a lease?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How a $1.05 Billion Loan Could Supercharge EVgo’s Charging Network

Automotive Addicts

A Major Boost for EVgo This conditional loan guarantee is a lifeline for EVgo, a company that’s currently facing challenges related to high capital costs. Jigar Shah, head of the Department of Energy’s Loan Programs Office (LPO), emphasized that this financial support will enable EVgo to enhance its customer service.

article thumbnail

Protect your valuable inventory

Canadian Auto Dealer

It’s an added bonus if dealers can also sell the auto theft recovery devices they install on their inventory through to the retail customer and make a margin on the product. One pricing option will allow for zero upfront capital costs with a 40% sell through requirement.” We are responding to the needs of our dealer members.”

article thumbnail

The biggest challenges facing automotive retail in 2024 (and how to tackle them)

Autocar

Dealers need to be increasingly ‘omnichannel’: integrating all customer routes to the dealers physical or virtual front door, so that consumers get a seamless experience whichever digital or physical channel they’re using. The customer must have all the tools to conduct almost every part of their journey from the comfort of their sofa.”

Retail 52
article thumbnail

Polestar 3 Gets Cheaper Leasing And 0% Financing Options

Carscoops

American customers eyeing the 2025 Polestar 3 Long Range Dual Motor with the Pilot Standard Pack can now lease one for $599 per month over 36 months. As always, persistence and careful negotiation can make a significant difference in the final cost of a lease. However, this excludes a hefty $5,599 down payment.

Finance 98
article thumbnail

Tesla Finally Offers Lease Buyout Option, But Do The Math First

Carscoops

Tesla, always the one to move the finish line just as its customers are about to cross it, has finally decided to let lessees buy out their leases. These are: Capitalized Cost : This is the negotiated price of the vehicle, including taxes and fees, though it’s non-negotiable with Tesla. 36 months and 10,000 miles a year).

Rebate 126