article thumbnail

Hertz Is Off-Loading An Extra 10,000 EVs Due To Massive Depreciation

Carscoops

In 2021, the car rental giant emerged from a brief bankruptcy and reached a deal with Tesla to purchase 100,000 vehicles for its fleet. “Fleet and direct operating costs weighed on this quarter’s performance,” Hertz chief executive Gil West said.

article thumbnail

Navigating Zero Down Car Leases

Your Car Buying Advocate

He loves to teach consumers the ins and outs of making great car deals. This guide helps explain zero down lease deals. It covers the different types of these deals and provides information on what to consider when entering into them. If the actual market value is higher than the residual value, it might be a good deal.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Did I make a mistake with this lease?

Shawn Ryder

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.

article thumbnail

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

Automotive Addicts

This landmark deal promises to catalyze the build-out of 7,500 high-powered charging stalls across 1,100 stations nationwide, with a special focus on marginalized urban communities. 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.

article thumbnail

Can I lease a new Honda Civic Sport without a sign-on?

Shawn Ryder

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.

article thumbnail

Can I adjust the down payment on a lease?

Shawn Ryder

However, the down payment, also referred to as a capitalized cost reduction, is the initial amount you pay upfront to lower your monthly payments. Keep an eye on seasonal offers, trade-in deals, or manufacturer incentives that may result in reduced required down payments. Can You Adjust the Down Payment on a Lease?

article thumbnail

Protect your valuable inventory

Canadian Auto Dealer

The insurance companies deal with this from a lot control perspective. One pricing option will allow for zero upfront capital costs with a 40% sell through requirement.” Psotka said it was important for CADA to offer a product that would get the blessing of garage insurance providers.