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Bank of America introduces residential EV charger financing

Teslarati

BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. This was a $3,594, or a 5.5 I’d love to hear from you!

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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. Setting some variables in this equation, they propose a monthly insurance rate of $147, fuel costs of $260 per month, and maintenance pegged at $95.50 per month (about 10 cents per mile).

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The Escalating Costs of Owning a New Car

The Truth About Cars

This increment in sticker prices has a direct bearing on finance costs, reflected in an average annual finance charge of $1,253, signifying a staggering 90 percent surge compared to the prior year. Depreciation Depreciation, the decrease in a vehicle's value over time, serves as another significant cost component.

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Top 7 Tips for Buying a Car

Clean Fleet Report

Making the right choice could have lasting effects on your daily routine, finances and overall quality of life, whether you’re new to car buying or an experienced veteran. In this post, we explore seven essential tips on buying smartly. Approach the car buying process with confidence.

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Lease Buyout Offers Loophole to EV Incentive Restrictions

EV Life

Now, because these tax credits are filed on the backend by dealerships, not every dealer may feel the need to offer corresponding upfront lease discounts. Once you’ve negotiated the terms of your lease to your liking and set up your account, you are now ready to buy out the lease and own your vehicle. Here’s how it works.

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The EV Tax Credit: Buy Now or Wait Until 2024?

EV Life

Dealers must register with the IRS to be eligible to offer the credit at the point of sale. They can then receive cash or apply the credit toward the cost of the car or a down payment. Finance your purchase with EV Life, and take advantage of every dollar available, right when you make your purchase.

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UC Davis ITS study suggests hastening consumer adoption of plug-ins will require innovation on the sales side

Green Car Congress

A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.

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