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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. I’d love to hear from you!

Financing 145
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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. percent interest with 20 percent down, Investopedia suggests a total purchase price for your shiny new car – including taxes and whatever other fees a dealer feels like charging that day – at just $16,687.

Financing 105
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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence. That shouldn’t happen.

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A dealership marked up a Hyundai IONIQ 5 N’s price by $20k

Baua Electric

Photo: Hyundai Hyundai just released the IONIQ 5 N’s price just a couple weeks ago, and a California dealer has already marked the MSRP up on the automaker’s newest, most powerful EV by $20,000. Sales/finance manager were really disrespectful over pricing and me knowing about their allocations and being an Nfluencer.

Hyundai 52
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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

New Delhi: The Indian used car market is poised for continued expansion, fuelled by a burgeoning middle class with rising disposable income, a growing desire for personal mobility and shorter vehicle replacement cycles. In India, buying a pre-owned vehicle is no longer considered a ‘compromise’. Currently, the market stands at 5.1

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The Biden Administration is on track to meet its 2030 EV sales goal

Teslarati

There’s a lot of new models that are coming on from our domestic manufacturers that are much lower price as well,” Granholm told Yahoo Finance. It has even started winning over auto dealers in 2024. As the EV market in the United States expands, US automakers face new challenges.

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

EV Life

The federal government is hoping this change will further drive EV sales and get the country closer to the goal of making EVs account for 50% of all new car sales by 2030. Dealers must register with the IRS to be eligible to offer the credit at the point of sale. Get pre-qualified today and find out how much you could save.