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."
Tesla Model 3 may generate 100,000 reservations within the first 24 hours of availability.
Uber announces Xchange, a car-leasing program for people who want to be Uber drivers.
Buy an EV, lease the battery. In the UK, this uncommon financing scheme will be available to anyone interested in a 2013 Nissan Leaf.
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.
You can get great deals on car leases these days, but a few wrong turns will cost you. Here's what you need to know.
For car shoppers doing their math on lifecycle ownership costs, hybrid electric vehicles always present the challenge of being more expensive – maybe $5,000 more – than comparable non-hybrid models. High gasoline prices can help tip the scale in favor of gas-electrics, as do great loan and lease deals. Resale value is another factor in the equation, and several hybrid models, including a plug-in hybrid version, have been on the market long enough to show their long-term value.
Returning a leased vehicle could soon be as easy as turning in a rental car for customers of Nissan and Infiniti.