That's For The Pure Model; The Passion Is A Whopping $99 A Month
If you've been saving money by sharing a car instead of buying your own, then maybe you have enough left over to go lease one. Because if there's anything that sharing a car should teach you, it's to want your own, right? We're confused, too.
Tesla Motors is offering an enticing deal for potential buyers who might not be entirely sure whether they actually want to own a Model S for the long term. A deal through US Bank not only lowers the cost to lease the EV but also turns leasing the brand's electric sedan into a long-term rental.
The old saying goes that when you buy a used car, you're buying somebody else's problems. And when it comes to electric vehicles, you're also not getting the benefit of any purchase tax breaks. Maybe you should just lease a new one.
Dodge is just days away from unveiling refreshed versions of the Charger and Challenger at the 2014 New York Auto Show, models promising updated styling and new powertrain options. Depending on how you look at it, the company is either so confident in its forthcoming 2015 models that it's offering an interesting Double-Up lease deal on the current vehicles, or it's so eager to clear out existing stock that it's resorting to novel lease deals. In any case, what they present is an interesting scen
Almost exactly a year ago, Tesla Motors announced what it called a "revolutionary" lease deal for the Model S. Since the electric automaker used some unusual assumptions in its calculations to get to a headline-worthy $500-a-month "true cost of ownership," the company had to quickly change its tune. Some of the same assumptions are back in a business lease deal from new subsidiary, Tesla Finance, for $408 a month (sort of) that was announced today.
Toyota using law firm to extract over $2,300 from dead customer
Toyota is currently taking legal action against Sally Shafton, an 81-year-old widow, for fees associated with her husband's "early cancellation" of his lease, The Los Angeles Times reported. The reason for his early cancellation? Death at 83 from prostate cancer.
In case you were interested in driving a BMW i3 but were afraid of getting into a traditional lease, there's some good new for you. We think. BMW recently announced that it would offer something called "OwnersChoice" and "OwnersChoice with Flex" to make the elegant city EV an easier purchase. Or temporary purchase, anyway.
Has the electric-vehicle market really gotten to the point where folks can take out a lease for less than C-note per month? Yes, if you're interested in a Mitsubishi i of Smart ForTwo EV, Plug In Cars has found.
"But wait, there's more!" Anyone who's watched late-night television is familiar with the telltale phrase of a spokesman looking to reel in a potential customer who may otherwise be disinterested in what's being advertised. Now, General Motors, faced with selling the first Cadillac extended-range plug-in vehicle to a public that may find it rather expensive, is throwing in a bonus. In this case, GM will give away a 240-volt home fast charger to "early" buyers of the Cadillac ELR, including profe
The government shutdown is eroding consumer confidence in the auto market, says John Krafcik, CEO of Hyundai's US sales unit, and could lower October sales by as much as 10 percent, Automotive News reports. "It's that anxiety that keeps customers, potential buyers, on the sidelines when making a big purchase like an automobile," Krafcik says, adding that industry sales could be off by five to 10 percent in October compared to September.
Since the US government shut down early this morning, more than 800,000 federal employees could be furloughed without pay until a deal is reached to start the government back up. To help affected employees cope with the temporary layoffs, Hyundai is expanding its Assurance program to defer all of their auto loan or lease payments until they're called back to work.
At $25,000, the new 2013 Smart ForTwo Electric Drive was always a good deal, but the low new lease price we just found still manages to surprise. Mentioned over at Kelley Blue Book, the lease price is an official $139 a month, putting it well below the previous-gen's lease price of $599 a month back in 2010. Currently, a gas-powered Fortwo can be leased starting at $99 a month.
When we heard Fiat announce the $199 lease price for the all-electric 500e, we figured it would have a big effect on the electric vehicle market. After all, $200 a month for an EV makes a lot of sense for a lot of commuters. The next EV to get a price tag was the 2014 Chevy Spark EV, which ended up with most of the same numbers ($199/month, $999 down, 36 months, 12,000 annual mile limit) but you have to pay $0.25 a mile for each one over 12,000 a year. Now we have the latest reaction: the Honda
The Nissan Leaf, the Fiat 500e and now the 2014 Chevy Spark EV 1LT. Three different electric hatchbacks that can all be had for the same low lease price: $199 per month. The Spark even has the same appealing $999 down payment as the Fiat (the Leaf's is $1,999) and both require 36-month leases, so the cost of these two city runabouts is identical, at least at the base level. The one potential hiccup: Chevy says it's a "low mileage lease," and you'll pay 25 cents a mile for each mile over 12,000 p
Something interesting happened on the way to make the 2014 Fiat 500e a real car. As the idea for the car was bandied about in public for many years, Fiat-Chrysler CEO Sergio Marchionne complained bitterly, saying the only reason the car was coming to market was because mean ol' California was forcing Fiat to do so. This was after he said that Fiat would lose $10,000 on each one they sell. That's all pretty boilerplate stuff. What's interesting is that Fiat has gone ahead and priced the Fiat 500e
Even Tesla Motors hasn't totally figured out the details of the just-announced Model S "lease" program. Yesterday, when the financial product was first revealed, the small print on the company's online calculator described a 66-month loan and a tiered monthly payment structure, depending on which model you chose: $1,199 a month for the 85-kWh Model S, $1,421 for the 85-kWh Performance model and $1,051 for the 60-kWh version. Today, all three of these prices have been increased slightly, to $1,25
Just how "revolutionary" you think the just-announced lease option is for the Tesla Model S will depend on a lot of factors, like how much gas costs where you live and whether or not your current car drinks premium or not.
The average resale value of General Motors vehicles climbed to 44 percent last year, matching that of Chrysler and sitting one percent less than Ford, but still 7.5 percent less than Honda. It's a welcome increase from the post-bankruptcy days of 2009 when 36.5 percent was number upon which lease rates were based. According to Bloomberg, even though that puts GM in line with the overall market rate of 46.5 percent, the company figures it can save from $150 million to $200 million if it can incre