Drive.com

MARCH 27, 2024

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.

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Carscoops

FEBRUARY 25, 2025

Polestar is keen to lure customers away from EV market leader Tesla and is offering incentives worth as much as $20,000 to buyers willing to jump ship and lease the new Polestar 3 SUV. Polestar is offering leases from $599 for the Long Range Dual Motor. Non-Tesla owners are also eligible for a healthy $15,000 discount.

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Your Car Buying Advocate

DECEMBER 5, 2023

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?

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Shawn Ryder

JANUARY 21, 2025

Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalized cost reduction.” Lack of Clarity on Other Costs: Ensure you clearly understand the associated fees like acquisition, disposition, and potential end-of-lease charges.

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Automotive Addicts

OCTOBER 3, 2024

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.

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Shawn Ryder

JANUARY 18, 2025

Typically, when leasing, you’ll come across various requirements including credit checks, proof of income, and possibly a sign-on fee (often referred to as a down payment or capitalized cost reduction). A sign-on fee is an upfront cost that some dealerships and leasing companies request when you sign your lease agreement.

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Canadian Auto Dealer

JUNE 3, 2024

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.”

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