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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. Our investments will now come to an end and customers will see rising advance [lease] payments. Even more damning is that the losses came despite the companys revenue actually jumping by 24.4%, from 5.5

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New vehicle cash, lease payments an even split in September

Canadian Auto Dealer

Power’s Automotive Market Metrics for Canada reveals a perfect split between cash and lease payments for new vehicles, when considering the percent of total transactions over the past 12 months — per vehicle type. Company data shows cash and lease payments represented 25% each, while 50% goes to loans.

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Electric Van leasing leapt 36%, says leasing.com

Motor Trader

Volkswagen and Renault saw the biggest retrospective YoY growth, with VW securing 20% of all leasing enquiries and Renault increasing to 8%. A shift towards EV leasing in the UK was reflected in the popularity of models such as the Renault Kangoo (7%) and the BYD ETP3 (4%).

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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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How you can save by getting an EV on a novated lease

CarExpert

Not only that, but novated lease payments include running costs such as insurance, servicing, fuelling or charging, tyres, and registration. Novated leasing usually reduces your tax obligations, but it’s considered a fringe benefit. Weekly payment (incl. There are a few more things to know about novated leasing.

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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.

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

Carscoops

The models available for lease are pre-configured on Rivian’s website, and the most affordable option we found (equipped with a large battery pack, quad-motor, and 21-inch wheels) is priced at $93,750. This translates to an estimated monthly lease payment of around $1,056 on a 36-month term.

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