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Motability takes £565 million blow as costs soar

Autocar

As a result, the firm said the increases in its costs will result in new customers paying higher advance lease payments. Until now, we have been able to protect customers from rising prices, using the profits earned in the immediate post-Covid period. billion in 2023 to 6.9bn last year. Currently, this is set at 750.

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Porsche Will Pay You $4,500 To Switch From A Tesla To A Taycan 

Carscoops

Porsche is offering to pay up to $4,500 of Taycan lease payments to drivers who switch from another make of car. The deal covers between one and two months of lease expenses depending how long the drivers have left on their current deal.

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Highnote, Fasten Rewards Launch Consumer Credit Card Rewards Program

AutoSuccessOnline

Leveraging Highnote’s customizable platform, Fasten aims to strengthen the relationship between drivers and dealerships by providing access to an innovative credit card which rewards consumers for auto loan or lease payments while increasing dealership loyalty, engagement and sales velocity. trillion in auto loan debt.

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Mitsubishi Triton Loses Payload Capacity To Gain More Buyers In Australia

Carscoops

The reduced payload makes the Triton eligible for novated leasing, thus appealing to a wider customer range. According to Mitsubishi, the lineup expansion was decided following real-world feedback from dealers, media, and customers. The option is available for the GLS and GSR grades of the pickup, without any changes in pricing.

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Rivian R1S Now Available For Lease, But It’ll Cost You

Carscoops

Rivian is delivering some good news to consumers who prefer leasing over buying. The company announced today that customers can now lease its flagship SUV, the R1S. This news comes on the heels of the start of leasing for the R1T pickup truck late last year.

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

Carscoops

. “As we continue to adapt to the market to achieve the optimal mix of sales growth and customer value.” Additionally, leased vehicles qualify for a $7,500 cash incentive, which is applied to reduce the lease payment.

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Toyota launches subscription-style service for its new electric vehicle

Drive.com

Toyota Australia said it owns the vehicle throughout the entirety of the lease – with customers eligible to upgrade or re-extend their term. Toyota Australia has launched a subscription-style service – dubbed the ‘Full-Service Lease’ (FSL) – for its new electric vehicle, the BZ4X.