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Lucid Group teams up with Bank of America for lender and financing services

Teslarati

Lucid Group ( NASDAQ: LCID ) has announced that it has selected Bank of America as its preferred lending partner, giving customers the opportunity to apply for financing services for a seamless and stress-free experience. This financing solution was developed for Lucid to make it easier for customers to finance electric vehicles.

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Top 7 Tips for Buying a Car

Clean Fleet Report

million automobiles in 2022, marking a rise from the 66.7 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.

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Tesla tweaks financing product with best resale value guarantee and lower monthly payments

Green Car Congress

In response to critiques of the first version of its financing program introduced early in April ( earlier post ), Tesla Motors has raised the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). —Tesla Co-founder & CEO Elon Musk.

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DAS Era find out about: Automotive sellers don’t respond to on-line finance inquiries

Baua Electric

Sellers are overwhelmingly unresponsive to on-line client inquiries matching to financing, bills or leasing, a thriller consumer find out about by way of DAS Era discovered. Simplest 2 % of dealerships contacted supplied any data when shoppers requested about those core finance-and-insurance subjects, in step with the promoting company.

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Reynolds buys startup to spice up DMS used-car acquisition generation

Baua Electric

and introduced in 2020, stated its generation can backup sellers and automobile corporations spice up potency and automate boxes together with purchasing, promoting and automobile stock control. Walsh informed Automobile Information this past that the corporate would center of attention on acquisitions.

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Russian entrepreneur Boris Zingarevich buys EV maker Think

Green Car Congress

and Finnish automobile engineering and manufacturing concern Valmet Automotive, Inc. Ener1 and Valmet were the senior secured creditors of Think when the company filed for bankruptcy after failing to raise adequate capital to continue financing operations. Earlier post.). to cooperate in relaunching Think.

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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The FTC says these efforts are designed to “add truth and transparency to the car buying and leasing process by making it clear that certain deceptive or unfair practices are illegal,” basically making CARS a promise to consumers that the government still understands how business is supposed to be conducted. electric vehicle subsidies).

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