article thumbnail

Tesla Offering Auto Loans With 7-Year Financing In USA — And Why

CleanTechnica EVs

Tesla has announced a new 84-month auto loan option for its customers in the U.S., giving buyers up to seven years of financing for new car purchases. The shift, which adds an additional year to Tesla’s previously available financing options, has a very specific reason for being added, according to CEO Elon Musk.

article thumbnail

BYD partners with local bank to provide auto financing in Brazil

CN EV Post

The post BYD partners with local bank to provide auto financing in Brazil appeared first on CnEVPost. BYD, which officially entered the Brazilian passenger car market last December, expects to have a presence in 45 cities in the country by the end of this year. For more articles, please visit CnEVPost.

Brazil 133
article thumbnail

BMO exiting retail auto finance trade

Baua Electric

The Store of Montreal is exiting the retail auto finance trade, because it seems to redeploy sources to farmlands the place its “competitive positioning is strongest.” The Montreal-based lender will stop making client car loans, however proceed providing financing for sellers, BMO spokesperson Jeff Roman showed Sept.

article thumbnail

Nissan launches sustainable finance framework to fund electric vehicle and sustainable technologies

Green Car Congress

Nissan Motor is launching a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services. The Nissan Sustainable Finance Framework will enable Nissan to raise funds needed to further enhance its sustainability efforts.

Financing 199
article thumbnail

Bank of America introduces new EV financing bundle with auto loans and charging

Electrek

Bank of America revealed Wednesday a new bundle program allowing EV buyers to finance their electric vehicle chargers alongside their auto loans. more… The post Bank of America introduces new EV financing bundle with auto loans and charging appeared first on Electrek.

article thumbnail

Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

article thumbnail

Chinese auto chip maker SemiDrive closes $140 million Series B+ financing

CN EV Post

The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. SemiDrive currently has four series of products with an annual output of one million chips. For more articles, please visit CnEVPost.