35 Articles
Chinese EV maker Nio starts battery leasing service to make electric cars cheaper

How it works and what it costs

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

Official
BMW monthly subscription service: Now we know how much it'll cost

Two price tiers and unlimited vehicle swapping

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.

Official
Ford to launch online car-shopping service

It'll let you do almost everything before setting foot in a dealership

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.

Confirmed
KBB, ALG awards recognize hybrids with best resale value

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.

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