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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. However, aggressive price cuts initiated by Tesla throughout 2023 destabilized the used market, resulting in huge depreciation of its used vehicles.

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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.

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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.

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Protect your valuable inventory

Canadian Auto Dealer

CADA is working with Kudelski IoT’s RecovR product to launch a white label program under the banner of “CADA 360 – Security Services” to fulfill the market need. CADA is happy to help introduce their product to the Canadian market,” said Psotka. The insurance companies deal with this from a lot control perspective.

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Polestar 3 Gets Cheaper Leasing And 0% Financing Options

Carscoops

Hot on the heels of Polestar starting production of the entry-level , single-motor 3 in the US at its Charleston, South Carolina facility, the electric carmaker has announced new financing and lease deals for some of the higher-end models. Both the new lease and financing deals run until January 2, 2025.

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

Carscoops

The company also offers 0% APR financing for the Model 3 and Y, which might be a better deal. Why Is Lease Buyout A Big Deal? Depending on the model (think popular Subarus) and your lease terms, you could even turn a profit by selling the car in the used market. Simply put, it gives you an option to hedge your bets.

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