Automakers are throwing everything they currently have at the wall to see what sticks. The concept of “mobility” is now so broad that it encompasses automation, electrification, vehicle connectivity, alternative modes of transportation, driving aids, ride-sharing, ride-hailing, and even subscription services — and plenty of companies are giving them all a shot.
Last week, we talked about Volvo’s new car subscription service. Most of us had difficulties rationalizing the price based on how the product is being offered. A lot of companies are testing those waters right now, especially luxury brands. Lincoln recently launched a subscription initiative that is extremely similar to Cadillac’s, and Porsche has been buzzing about its own “Passport” service. However, mainstream brands like Ford and Hyundai are also trying their hand — albeit very differently.
Okay, I admit: I subscribe to the Wall Street Journal. It’s not really for me; Mrs. Baruth works in finance. (Without which, as you pimps and players out there should know, there’s no romance.) Rarely do I read the whole thing. This past Saturday afternoon, however, I broke the pull-cord of my son’s TopKart. Then he ran out of gas for his motorcycle. Which consigned us both to an early afternoon inside the house, because I was too lazy to address either situation.
Imagine my surprise to find an advertisement for an independent leasing agent in the last of the Saturday sections, back among the lifestyle articles and the usual Dan Neil attempt to sound like a more fey version of Oscar Wilde. Those members of the B&B who were born prior to the release of “Appetite For Destruction” will remember that stand-alone leasing shops were once very big business. They bought their cars from franchised dealers, often well after they’d obtained the customer’s signature on their own paperwork, and they relentlessly cross-shopped banks for rate and residual deals.
Often, these firms focused exclusively on members of the professional class; the big hitter in central Ohio during the ’80s was un-self-consciously titled “Physicians Leasing Co.” They were largely driven from the field by the beginning of this century by aggressive captive finance providers like BMW Financial. The tendency on the part of most banks to view the end-of-lease termination process as an additional and very lucrative profit center, a tendency that became more exaggerated as the prime rate fell and banking profits sank accordingly, didn’t help their business model one bit.
Nevertheless, here we are, in $THE_CURRENT_YEAR, with a manufacturer-agnostic leasing company advertising in the WSJ. So let’s see what the deals are, and what lessons we can learn from looking at them.
Latest Car ReviewsRead more
Latest Product ReviewsRead more
- Kendahl Fifteen years ago, the GTO was on my short list of automotive retirement presents to myself. It was just a bit too big and gas mileage sucked compared to the 6-speed Infiniti G37S coupe I bought after test driving several brands. It's a pity owners of cars that are collectible the day they are bought screw them up with aftermarket modifications they don't need. I'd offer they seller top price less what it would cost to put the car back to stock. (I just traded in the Infiniti, in mechanically excellent and cosmetically very good condition with 78k miles, for a 2023 Cadillac CT4-V Blackwing.)
- EBFlex This should help Fords quality
- Analoggrotto By the time any of Hyundai's Japanese competitors were this size and age, they produced iconic vehicles which are now highly desirable and going for good money used. But Hyundai/Kia have nothing to this point that anyone will care about in the future. Those 20k over MSRP Tellurides? Worn out junk sitting at the used car lot, worn beyond their actual age. Hyundai/Kia has not had anything comparable to the significance of CVCC, 240Z, Supra, Celica, AE86, RX-(7), 2000GT, Skyline, GT-R, WRX, Evo, Preludio, CRX, Si, Land Cruiser, NSX etc. All of this in those years where Detroiters and Teutonic prejudiced elitists were openly bashing the Japanese with racist derogatory language. Tiger Woods running off the road in a Genesis didn't open up a moment, and the Genesis Sedan featuring in Inception didn't matter any more than the Lincoln MKS showing up for a moment in Dark Knight. Hyundai/Kia are too busy attempting to re-invent others' history for themselves. But hey, they have to start somewhere and the N74 is very cool looking today in semi rendered pictures. Hyundai/Kia's biggest fans are auto Journalists who for almost 2 decades have been hyping them up to deafening volumes contributing further distrust in any media.
- Bd2 Other way around.Giorgetto Giugiaro penned the Pony Coupe during the early 1970s and later used its wedge shape as the basis for the M1 and then the DMC-12.The 3G Supra was just one of many Japanese coupes to adopt the wedge shape (actually was one of the later ones).The Mitsubishi Starion, Nissan 300ZX, etc.
- Tassos I also want one of the idiots who support the ban to explain to me how it will work.Suppose sometime (2035 or later) you cannot buy a new ICE vehicle in the UK.Q1: Will this lead to a ICE fleet resembling that of CUBA, with 100 year old '56 Chevys eventually? (in that case, just calculate the horrible extra pollution due to keeping 100 year old cars on the road)Q2: Will people be able to buy PARTS for their old cars FOREVER?Q3: Will people be allowed to jump across the Channel and buy a nice ICE in France, Germany (who makes the best cars anyway), or any place else that still sells them, and then use it in the UK?