Chinese electric vehicle (EV) maker Nio Inc has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack - one of the most expensive EV components - thereby lowering the starting price of its cars. The cheapest Nio car after subsidies is now an ES6 sport-utility vehicle (SUV) priced 273,600 yuan ($39,553) without ownership of the battery pack, versus 343,600 yuan including the pack. "We believe with BaaS, more customers of gasoline cars will consi
Also known as "total due at signing" or "out the door."
Here comes Mercedes-Benz jumping into the monthly subscription-service craze, launching its pilot program in Nashville and Philadelphia. It'll be called the Mercedes-Benz Collection.
BMW has officially launched its new vehicle subscription service, becoming the latest automaker to embrace the more flexible alternative to traditional leasing. It's called Access by BMW, and it'll offer a selection of vehicles in two tiers via a new mobile app or dedicated website.
Ford is launching a new online car-shopping service that will allow users to do things like view local pricing and incentives, apply for financing and schedule test drives all before setting foot inside a showroom. It's the latest tool to help people spend less time at dealerships.
Running the numbers and intangibles on Care by Volvo.
Flat monthly fees for the 2019 XC40 start at $600.
"We want to reinvent leasing in the 21st century, and this is a step in that direction."