Tag: what does 0 apr for 72 months mean

Motor Mouth: Fearless automotive predictions for 2023 and beyondMotor Mouth: Fearless automotive predictions for 2023 and beyond

September 12, 2024September 12, 2024| 9:14 am

Breadcrumb Trail Links Motor Mouth Elon Musk becoming president, Toyota introducing a hydrogen piston-powered GR Corolla, and supply-chain shortages easing are a little of what’s ahead in the next 12 months Published Dec 30, 2022  •  Last updated Jan 05, 2023  •  11 minute read 27 Comments Tesla, run by CEO Elon Musk, shown in this file photo, has signed an undisclosed deal with Vale for the supply of nickel to the electric car maker Photo by David McNew /Getty Article content As portensions of impending [...]

View MoreView More

Is now the time to buy a car? Here’s what we knowIs now the time to buy a car? Here’s what we know

July 18, 2023July 18, 2023| 11:56 am

Both new and used cars continue to be more expensive due to ongoing inventory shortages and high interest rates according to Edmunds. If you are considering buying a new or used car, auto industry analysts say if you can wait, then you should. But how long? They don’t know. “Is now the time to buy? It depends,” Chris Hopson, principal analyst at S&P Global Mobility, told The Tennessean. “Is the car market better than it has been? Yes. Is it the same as pre-Covid? No.” Hopson compared the car-buying market right now to the crazy, unprecedented weather happening across the… [...]

View MoreView More

Used-car prices rebound, making buying a challengeUsed-car prices rebound, making buying a challenge

June 25, 2023June 25, 2023| 8:13 am

Our main advice for buyers in this still tricky market is to act quickly and negotiate from an informed perspective. That can make the difference between getting a fair deal or paying too much. Also, it’s never been more important to make sure your credit is in good shape. Interest rates are up, but the most competitive rates are reserved for those with strong credit ratings. Here are some other ways to make the best of a challenging market. Consider buying a new car. If you’re looking at newer used cars—models in the 1- to 3-year-old range—you may [...]

View MoreView More

Best New Car Lease Deals for May 2023Best New Car Lease Deals for May 2023

May 18, 2023May 18, 2023| 4:11 am

There are all kinds of reasons for needing a car over a shorter term, especially at a time when the auto industry is still experiencing supply-chain woes. Buying a car outright and then selling it in a couple of years involves tying up a bunch of capital and then taking a hit on depreciation. Instead, a 24-month lease provides the stop-gap filler you need to get around right now with reduced financial exposure. This month, we have a host of two-year lease deals across the full spectrum, from family-friendly crossovers to luxury EVs. There’s something here to fill [...]

View MoreView More

US House committee chair ‘concerned’ by Tesla deals in China | Automotive Industry NewsUS House committee chair ‘concerned’ by Tesla deals in China | Automotive Industry News

April 28, 2023April 28, 2023| 2:42 am

The leader of a United States congressional committee on China has expressed concern about electric carmaker Tesla’s dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai. Tesla announced the factory in a tweet on Sunday, and Chinese state media said it would initially produce 10,000 Megapack units a year, equal to around 40-gigawatt hours of energy storage, and complement a huge existing Shanghai plant making electric vehicles. Mike Gallagher, the Republican chair of the House of Representatives’ select committee on China’s Communist Party, said on Monday he would like to know… [...]

View MoreView More

Average New Vehicle Prices Dip Below MSRPAverage New Vehicle Prices Dip Below MSRP

April 22, 2023April 22, 2023| 1:42 am

New vehicle prices remained high, even though the average new car price dipped below the MSRP in March. According to a new report from Cox Automotivethe average vehicle transaction price is still higher than last year, even though new car prices are below the MSRP for the first time in 20 months. In March, the average transaction price of a new car in the US fell to $48,008, a month-over-month decrease of around $550 or 1.1% from February’s ATP of $48,558. With transaction prices down, we’re also seeing an increase in incentive spending from manufacturers with an average of [...]

View MoreView More

Rivian In Talks With Amazon To Get Rid Of Van Exclusivity ClauseRivian In Talks With Amazon To Get Rid Of Van Exclusivity Clause

March 20, 2023March 20, 2023| 8:29 am

Electric vehicle startup Rivian Automotive and its largest shareholder and customer Amazon are reportedly in talks to end the exclusivity part of their electric van deal. According to a report from The Wall StreetJournal citing people familiar with the matter, Amazon informed the EV maker it wanted to buy about 10,000 vans this year. The number was at the low end of a range previously provided by Rivian. In response, Rivian proposed removing the exclusivity terms, which would allow the company to sell its Electric Delivery Vehicles (EDV) to other fleet and retail customers, increasing revenues. The sources added that… [...]

View MoreView More