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Motability takes £565 million blow as costs soar

Autocar

Motability Operations, the company behind the Motability charity, buys cars and leases them to people with a qualifying disability allowance for 75.75 It has become a major player in the UK car market since its 1977 foundation and now has a fleet of 815,000 cars. billion in 2023 to 6.9bn last year. Currently, this is set at 750.

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CULA Grows by Double Digits in 2024, Saves Credit Union Members ~$63M Annually with Vehicle Leases

Dealer World

CULA partner credit union members saved a total of more than $63 million on lease payments in 2024, and an average of $159[1] per month versus traditional auto loan payments. In 2024, vehicle leasing rose to 24.5% in 2022, according to Experians State of the Automotive Market Q4 2024 Report. in 2023 and 17.2%

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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

Electric van leasing enquiries increased by 36% last year, according to Leasing.com. By the end of 2025, EVs are expected to exceed 35% of the leasing market due to strict emissions targets and an increase in the number of models available. Monthly business van lease payments fell 15%, while personal leases fell 12%.

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Mitsubishi Triton Loses Payload Capacity To Gain More Buyers In Australia

Carscoops

All trims of the Australian-market Mitsubishi Triton are fitted with a 2.4-liter As reported by our colleagues at CarExpert , the novated lease is a three-way agreement between the lease, their employer, and a finance or leasing company. liter four-cylinder turbodiesel engine, generating up to 201 hp (150 kW / 204 PS).

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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

This news comes amidst buyer concerns about the depreciation value of electric vehicles – with Toyota Australia’s sales and marketing boss Sean Hanley previously telling Drive depreciation was factored into the decision to launch this leasing program. per cent of the total lease payment, making the $1473.80