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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% of new auto sales nationally, from 22.6% in 2023 and 17.2%

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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.

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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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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.

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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.

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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

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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?