article thumbnail

Cupra reaches delivery milestone in Australia as PHEV sales spike

CarExpert

The Volkswagen Group subsidiary has been one of the front-runners in the PHEV space, beating out its fellow Group brands to bring plug-ins to the Australian market and punching above its weight in the PHEV sales charts. per cent of total Formentor deliveries and placing sixth overall in PHEV sales standings according to VFACTS data.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. Much of the industry is reeling after sales growth in the EV segment slowed late last year.

article thumbnail

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

Carscoops

advertisement scroll to continue Read: Rivian Misses Q4 2023 Sales Target, Is 2024 Going To Get Even Worse? The good for lessees is that both the R1S and R1T qualify for a $7,500 tax credit under the clean vehicle program when leased. This translates to an estimated monthly lease payment of around $1,056 on a 36-month term.

Lessee 105
article thumbnail

What is novated leasing, and how does it work?

CarExpert

Making lease payments before tax is deducted reduces your obligations by $3300 per annum or $16,500 over a five-year lease period. While five years is the period chosen in this example, generally novated lease providers let you opt for periods between one and five years. So, should you consider a novated lease?

article thumbnail

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

article thumbnail

CPR for Cars Selects VinTraxx as Sales Distribution, Channel Partner

AutoSuccessOnline

VinTraxx will operate as a sales and distribution channel partner. The CPR for Cars Car Payment Reimbursement Program reimburses the vehicle purchaser or lessee the monthly financial obligation (monthly car loan or lease payment) when a covered vehicle is out of their care, custody or control. VinTraxx Automotive LLC.