How To Finance a Used Car in the UK

Clean Fleet Report

Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Dealer Finance for Used Cars.

ClearFlame Engine Technologies secures $17M in Series A financing

Green Car Congress

ClearFlame Engine Technologies , a startup developing net-zero engine technology ( earlier post ), has secured $17 million in Series A financing, which will enable commercialization of the company’s innovative engine technology for the long-haul trucking, agriculture and power generation sectors. The financing was led by Breakthrough Energy Ventures with participation from Mercuria, John Deere and Clean Energy Ventures.


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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. Proceeds from the Nissan Sustainable Finance Framework will also be used to support projects in Nissan’s use of renewable energy, clean manufacturing systems, EV re-charging infrastructure, battery re-use, and autonomous-drive technologies.

Gevo closes $68M Green Bond to finance RNG project

Green Car Congress

has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. million in reimbursement for development, long lead equipment, and financing costs incurred during the development period upon closing of the Green Bond Offering. Gevo, Inc.

French Government finance €114m for McPhy Gigafactory project

Innovation News Network

The post French Government finance €114m for McPhy Gigafactory project appeared first on Innovation News Network. The French Government will provide €114m in funding to McPhy Energy to ramp up the development of its Gigafactory project.

Zero Motorcycles Closes New $107 Million Round of Financing

Electric Cars Report

Electric motorcycle manufacturer Zero Motorcycles announced the completion of a new $107 million round of financing. The financing saw participation from strategic partners Polaris, Exor and Hero MotoCorp and financial investors including long-time backer Invus and other undisclosed investors.

Fisker creates “Fisker Finance” with JPMorgan Chase and Santander


Fisker has announced that through its mobile app, customers will soon be able to finance their vehicle via a partnership with JPMorgan Chase Bank in the US or Santander Bank in Europe. In addition to finance, the app will also be updated to allow customers to make other purchases.

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Study of premium car buyers finds large majority see driving EV within 5 years; financing most popular option

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There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription). The most popular financing option in all markets is financing (GER: 48%; US: 60%, CN: 58%). Digital offers for car financing options are gaining in importance.

Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars.

Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. Porsche dominates the luxury car finance industry in the neighbouring eastern European countries of Hungary, Ukraine and Romania. Forza – Car Finance Map of Europe Infogram.

BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs.

Chevy offers 0% financing on used Bolt EV and Volt

Green Car Reports

General Motors is offering 0% APR financing for 72 months on used Chevrolet Bolt EV electric cars and Chevy Volt plug-in hybrids, reports CarsDirect, which cited a bulletin sent to dealerships last week. If you're considering a used electric car, now might be a good time to spring into action.

Faraday Future news suggests financing may be coming soon


The post Faraday Future news suggests financing may be coming soon appeared first on Electrek. Faraday Future is no stranger to financial struggles. After a series of unfortunate events, the EV start-up is pushing back the release of its production model, the FF 91.

Lucid Motors launches Lucid Financial Services with Bank of America for lease and loan financing


Today Lucid Motors announced a new digital financing platform called Lucid Financial Services to provide lease and loan purchase options to Air EV customers in the United States. The financing options are provided through a strategic relationship between Lucid Group and Bank of America.

Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to $85 million.

Workhorse secures $200M in financing from institutional lenders

Green Car Congress

million and will be used to increase and accelerate production volume, advance new products to market, replace previous higher cost financings, and support current working capital and other general corporate purposes. With this financing in place, we can more quickly advance our production efforts heading into 2021 by increasing our supply chain component volumes, hiring more manufacturing employees and automating certain sub-assembly processes. Workhorse Group Inc.,

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5 automotive options you possibly can simply skip if purchasing on a finances

Baua Electric

However finances constraints can usually maintain you out of your dream automotive. The post 5 automotive options you possibly can simply skip if purchasing on a finances appeared first on Bauaelectric Auto News.

Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. The potential positive environmental and social influence of projects described in Ford’s sustainable financing framework earned an “advanced” rating—the highest possible—from Vigeo Eiris.

Tesla implements subtle interest rate hike for financed vehicles


Tesla’s list prices for its vehicles have not experienced a notable rise recently, but the EV maker has initiated a more subtle price increase for its financed vehicles nonetheless. As could be seen in Tesla’s online payment calculator, the featured financing rate is now 3.74% APR, a 0.5%

The Boring Company offers additional $15M to finance San Antonio Loop 


The Alamo Regional Mobility Authority (RMA) shared that Elon Musk’s The Boring Company (TBC) offered an additional $15 million to finance the San Antonio Loop. The post The Boring Company offers additional $15M to finance San Antonio Loop appeared first on TESLARATI.

New report showcases innovative finance tools to electrify truck, bus fleets; TCE Toolkit

Green Car Congress

Broader collaboration among key stakeholders and a new generation of finance solutions will be needed to electrify trucks and buses at scale by 2050, according to a report released today by Environmental Defense Fund (EDF), MJ Bradley and Vivid Economics. —“Financing the Transition”.

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Chase bank launches EV education website to help customers find and finance a new vehicle


The post Chase bank launches EV education website to help customers find and finance a new vehicle appeared first on Electrek. We might have to start looking over our shoulder (but not really), because Chase has launched a new website to educate the masses about EVs.

Tesla launches new financing option for Solar Roof with lower monthly payments


Tesla has launched a new financing option for its Solar Roof with lower monthly payments as the company tries to make the product more affordable. more… The post Tesla launches new financing option for Solar Roof with lower monthly payments appeared first on Electrek.

Elon Musk’s new financing efforts on hold amid Twitter deal uncertainties: report


Elon Musk’s efforts to secure new financing that will limit his cash contribution for his planned acquisition of social media platform Twitter has reportedly been put on hold.

Saleen launches shady financing effort and teases modified Tesla vehicles again


Saleen Automotive has launched a new shady financing effort to bring the company back from the dead, and the legendary car tuner is dangling modified Tesla vehicles in the process again.

SunPower launches in-house financing for US homeowners who want rooftop solar


California-headquartered SunPower (Nasdaq:SPWR) announced today that it’s launched SunPower Financial, which means that customers working with SunPower to buy rooftop solar and storage no longer need a third-party lender to obtain and manage financing.

Sunwoda's EV battery unit reportedly closes $1.18 billion in new financing

CN EV Post

The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO. billion in new financing appeared first on CnEVPost.

Jidu said to be seeking $400 million in financing at valuation of about $3.5 billion

CN EV Post

The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said. The post Jidu said to be seeking $400 million in financing at valuation of about $3.5

IM Motors closes Series A financing as cumulative deliveries reach 1,051

CN EV Post

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44). The post IM Motors closes Series A financing as cumulative deliveries reach 1,051 appeared first on CnEVPost.

Avatr closes Series A financing, NIO's stake diluted to less than 1%

CN EV Post

Avatr Technology, previously known as Changan NIO, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and NIO's shareholdings. The post Avatr closes Series A financing, NIO's stake diluted to less than 1% appeared first on CnEVPost.

Electric bus maker Proterra completes $55M strategic financing

Green Car Congress

Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. In addition, the Hercules debt facility expands Proterra’s access to working capital, a critical component of growth financing as production volume increases.

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Gevo closes $25.9M financing with Whitebox Advisors

Green Car Congress

a leading renewable technology, chemical products, and next generation biofuels company, has closed a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures. The term loan is exchangeable into convertible debentures within 90 days of the closing of the financing, subject to certain ownership limitations. million in convertible debentures within 90 days of closing of the Financing.

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UQM Technologies closes $5.3M financing

Green Car Congress

UQM Technologies, a developer of and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, commercial truck, bus and military markets, completed a $5.3-million capital raise through institutional investors. A major emphasis for UQM is developing propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles.

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


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.

Group14 closes $18M in financing to scale-up silicon-carbon composite anode material

Green Car Congress

Group14 Technologies announced $18 million in new financing from Amperex Technologies Limited (ATL), Showa Denko (SDK), Cabot Corporation, BASF Venture Capital, and OVP Venture Partners.

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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. for electric vehicle financing appeared first on Promoting Eco Friendly Travel. Terra Motors partners Pooja Finelease Ltd.

Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

Green Car Congress

a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. Going forward, our primary goal for both current and future capital initiatives is to leverage the best available financing solutions that will provide liquidity and favorable economics. Workhorse Group Inc.,

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XPeng enters into cooperation agreement for new smart EV manufacturing base in Guangzhou; $586M in financing

Green Car Congress

According to the terms of the Cooperation Agreement, Guangzhou GET Investment agrees to provide RMB 4 billion (US$586 million) in financing to help fuel XPeng’s growth as well as support the construction of a new smart EV manufacturing base for XPeng in the Guangzhou Economic and Technological Development Zone. Early in August, Xpeng reported closing a US$900-million C+ financing round.

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Nesscap completes US$1M convertible note financing

Green Car Congress

The offering constituted the second tranche of the bridge financing previously announced on 8 April 2014. Ultracapacitor company Nesscap Energy Inc. has completed a non-brokered private placement of a US $1,000,000 Convertible Note with I2BF Energy. The proceeds will be used for working capital. The Note has a maturity date of 1 April 2015; the conversion price is CAD 0.10 per common share; the interest rate is 10% per year.

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Tesla’s EVs still have great financing deals compared to rivals, even with recent price increases


Tesla’s electric vehicles are premium-priced, but their financing deals make them quite compelling against their rivals in the EV market. In a way, Tesla’s financing deals involve interest rates that could end up undercutting the costs of rival EVs by a notable degree.

Coulomb secures $47.5M Series D financing

Green Car Congress

million of financing in its Series D round. Braemar Energy Ventures and Kleiner Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho Corporation and existing investor Rho Ventures. The financing will enable Coulomb to expand its operations and further grow the ChargePoint Network and expand the deployment of its cloud-based charging solutions for electric vehicles.

Aqueous hybrid-ion battery company Aquion completes $55M financing round

Green Car Congress

a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. The Series D financing includes participation from new investors Bill Gates, Yung’s Enterprise, Nick and Joby Pritzker through their family’s firm Tao Invest, Bright Capital, and Gentry Venture Partners. Aquion Energy, Inc.,

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Greening India’s Homes & Vehicles with Low-Cost Finance

EV Obssesion

The post Greening India’s Homes & Vehicles with Low-Cost Finance appeared first on EV Obsession.