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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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Virtual retail may harm broker F&I income

Baua Electric

Virtual retail platforms have mushroomed as automotive buying groceries steers on-line. However the pattern may stall a benefit engine for auto dealerships — finance and insurance coverage source of revenue. It’s more straightforward for patrons to click on away or fade F&I merchandise on-line than within the shop.

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Hyundai Offering Free Chargers to EV Buyers, Swelling Industry Incentives

The Truth About Cars

Hyundai is offering customers willing to buy an all-electric vehicle a Level 2 home charger for no extra cost. While the ChargePoint device is framed as being free, it does require the purchase of a new automobile through the automaker’s captive finance arm Hyundai Capital America. just needed more time.

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Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

The average on-road prices for hatchbacks—the most price-sensitive automobile segment—have risen from Rs 5.2 To make matters worse, even vehicle finance rates are at their peak at 9.5%. The gap between the ability of a person to buy a small car and the price of the small car will keep narrowing,” Bhargava said.

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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Elon Musk also personally thanks Viecha for his contributions to the company. Tesla will aim to optimize its buying process for it would be possible to “buying a car in under a minute.” Musk also mentioned that Tesla may buy back shares down the line. Musk noted that he thinks Tesla’s Q2 will be better.

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Volkswagen’s Pablo Di Si: Generation to get ‘again to fundamentals’

Baua Electric

Di Si believes it’s notable that VW’s North American area carve out its personal identification and construct its personal market-based selections. And clearly, I’m additionally studying about our personal group, as a result of each and every group is other. Let’s do financing.

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Better Place closes $200M Series C financing; valuation now $2.25B

Green Car Congress

Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

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