Tag: Leasing

By on August 20, 2020

Chinese automaker Nio is planning to allow customers to lease vehicle batteries independently from the cars themselves, and has involved Contemporary Amperex Technology (CATL) in the venture.

Considering EVs are useless without their battery, leasing an essential component seems to serve little purpose on its face. But Nio intends to sell its ES6 crossover for 273,600 yuan ($39,500) in China with the option to lease the battery for 980 yuan a month. Customers can also choose to purchase the entire vehicle outright for 343,600 yuan ($49,600) if they haven’t tricked themselves into believing a better battery is less than a year away.

This is a weird one, because the stated purpose is to lower the vehicle’s upfront costs. But it’s just a paperweight without an energy source, forcing customers to lease the power pack if they want to use the vehicle — and at no small cost. The companies announced the new program in Beijing on Thursday with Nio CEO William Li stating his company plans to enter Europe in the second half of 2021. Hopefully they’ll be dumb enough to accept the batteries-as-a-service premise. (Read More…)

By on August 18, 2020

2019 Nissan LEAF Plus - Image: Nissan

Want to wear your environmental activism on your sleeve? Park some of it in your driveway.

Gone are the days when driving an electric car required careful trip planning — and white-knuckled, pit-stained trips to the suburbs. Automakers have finally endowed their greenest rides with enough range to keep anxiety mostly at bay.

And, because there’s a pandemic (among other factors impacting electric vehicle sales), some of those same OEMs really want to move those cars off the lot. There’s deals to be had, greenies. (Read More…)

By on June 16, 2020

If you’re like us — and I do mean us, as this is an issue on which there’s no disagreement — you probably view the Honda Civic Si as an attractive entry in the affordable “fun” car realm. A peppier-than-most powerplant, standard six-speed manual, brand appeal, stellar model reputation, and a spacious cabin? What’s not to like?

Well, certainly not this lease offer, which makes the 205-horsepower Civic Si a cheaper get than a low-end Corolla. (Read More…)

By on June 9, 2020

hyundai

In the midsize sedan war, the Hyundai Sonata is like Japanese forces in the Pacific — slowly  losing ground as powerful enemies amass an ever larger share of the territory. When faced with the name recognition and brand appeal of the Toyota Camry and Honda Accord, maintaining your position means throwing everything you have into the fight.

Into that battle came the radically restyled 2020 Hyundai Sonata, joined imminently by the Sonata Hybrid — a sedan that gets up to 52 mpg on the combined cycle. Hyundai has apparently decided that money talks, and that the new hybrid will ride into battle waving cash at local townfolk. (Read More…)

By on April 16, 2020

2019 Ford F150 Lariat FX4 front quarter

Thanks to our friends at J.D. Power, we’ve been able to offer up weekly insights into the greatest disruption to the nation’s auto industry since World War 2. It’s a volatile time, with major changes occurring week to week, rather than over the course of months and years, and the disruption remains highly dependent on region and the legislative proclamations of various states.

Last week’s sales results tell us the great weakening of the U.S. new vehicle market has reached rock bottom, with no signs of further digging. It’s also not as deep a trench as the firm’s analysts predicted. (Read More…)

By on November 7, 2019

Despite slow sales pretty much since its inception, the Toyota 86 and its Subaru twin, the BRZ, will see a second-generation model. We’ve said it before and will say it again: you’ll miss it when it’s gone. Far too many bland vehicles out there.

That said, purchasing a current-year 86 looks like a much better option than signing a three-year lease on the plucky, rear-drive 2+2. (Read More…)

By on September 11, 2019

2019 Chevrolet Bolt EV - Image: Chevrolet

Forget about six-figure super-sedan battles on fancy German racing circuits — it’s all a sideshow to what really matters in the electric vehicle realm: range and cost. The world doesn’t electrify in the manner envisioned by our most revered environmentalists without affordability and the ability to drive to the next state and back on a single charge.

Which is why changes coming to the 2020 Chevrolet Bolt are worthy of note. An extra 21 miles of range, pushing the little hatchback ahead of the Hyundai Kona Electric by a single mile. However, while extra range is a nice-to-have, lower monthly payments might be even nicer for those who are already more than satisfied with a 238-mile driving radius. For these folks, the outgoing 2019 model might make a lot more sense, especially given the measures GM’s using to clear them from the lot. (Read More…)

By on July 19, 2019

Shopping cart full of cash money bills, Image: urfingus/Bigstock

When I was in high school, many moons ago, I had to recreate an historical debate in front of the class as part of a project for my American History class. I was assigned to take a “pro” position on the Three-Fifths Compromise (I don’t imagine that these sorts of things happen much in high school today). My opponent in the debate was a young lady who was, shall we say, a little different. She didn’t have many friends, she was socially awkward, and I’m not entirely sure that I’d ever actually heard her speak before.

We picked numbers out of a hat to see which one of us would go first, and she won. Right from the beginning, it was evident that things weren’t going to go well. She starting mumbling, inaudibly repeating the same thing over and over. Our teacher, a kind, and gentle man, asked her to speak just a little bit louder.

“Three fourths of a person, that’s all they were. Three fourths of a person!” And then she broke into hysterics and ran out of the room. The teacher sprinted out the door after her, returning after a few moments.

“Now, everybody,” he began, “Mary (not her real name) is our friend. When she comes back in the room, I ask each of you to treat her as our friend.” Let’s be honest. She wasn’t our friend. But in that moment, thanks to a kind word from our teacher, we did our best to treat her as one.

Here at Ask Bark, we get a lot of emails. As the curator of said emails, I do my best to answer all of them personally, even if I can’t dedicate precious ones and zeroes to them in this space. Some of them just aren’t interesting enough for me to dedicate an entire column to answering — it’s often as simple as “Don’t go to that dealer if they’re pulling that garbage on you,” or, “No, it’s never a good idea to spend all of your money on a used German car that’s out of warranty.” Stuff like that.

But every so often, I get an email that both excites and terrifies me, because I know that there is sufficient content within for a good column, but will also likely expose the writer of the correspondence to the combined vitriol of TTAC’s Best & Brightest. Today is such a day. So, everybody, Tom is our friend. After you’ve read his email, I ask each of you to treat him as our friend.

Here we go.

(Read More…)

By on April 25, 2019

The Jeep Gladiator, a vehicle seven-slot aficionados spent decades begging for, is now on sale, offering buyers a pickup, sedan, off-roader, and convertible, all wrapped in one unmistakable vehicle.

This being a truck, prices naturally range from somewhat reasonable ($35,040 after destination for a base Sport) to exorbitant, but those not looking for a long-term commitment might find that leasing a Gladiator will give them — by far — the best bang for their buck. Thank sky-high residual values. (Read More…)

By on April 12, 2019

tesla model 3

If you can find a Tesla store (that’s still open), and someone working in it, maybe you can buy … a Model 3 Standard Range.

Yes, the $35k car promised three years ago during the Model 3’s launch, and hyped to infinity in the months and years since, stands to become as shadowy and elusive as the A-Team. In yet another raft of changes to its Model 3 line announced Thursday night, the automaker ensured the Standard model’s status as a rare bird.

Offered by a company that’s moved to online ordering, the Standard model will not be available for ordering online. Hey, don’t be confused — there’s a solid explanation! (Read More…)

By on March 28, 2019

Ultra-rare automobiles have a tendency to be scooped up by speculators hoping to turn a buck. Manufacturers hate this, as they see none of that sweet, secondhand scratch — plus, the vehicles frequently end up as garage queens tucked away from the public eye. While a bit of a grimy move, it’s easy to understand why someone might be willing to fall from a manufacturer’s good graces so they can flip an already expensive automobile for several times what they paid.

Automakers have come up with interesting ways to circumvent the problem, often establishing hard limits on when a customer can resell a particularly in-demand model, but it never manages to stop it from happening entirely. However, Porsche CEO Oliver Blume thinks he has a novel solution — one that we’re a bit torn on.  (Read More…)

By on March 6, 2019

Image: Toyota

While U.S. new vehicle sales are expected to drop in 2019, average transaction prices and interest rates are climbing fast. That spells a potential bad day ahead for drivers reaching the end of their lease, Edmunds warns.

Those looking to get behind the wheel of a new sedan in the coming year might have to spend some quality time with a calculator. (Read More…)

By on December 17, 2018

tesla model x, Image: Tesla Motors

Tesla’s Dallas-based leasing partner, MUSA Auto Finance, finds itself in a tough spot. Apparently, the business is having trouble keeping up with all the business the automaker is doing. Founded in 2016, MUSA joined up with Tesla in June of this year. However, it has reportedly been unable to finance new leases since October.

According to Automotive News, Tesla caused MUSA’s leasing volume to increase by a factor of six between August to September. As of December, MUSA dealer clients said lease approvals have yet to resume — leaving some dealer partners up a creek without a paddle and some customers without their car.  (Read More…)

By on December 12, 2018

Hyundai Veloster N

Hyundai’s hottest hatch isn’t breeding any smoking lease deals. The pinnacle of the revamped, second-generation Veloster three(?)-door definitely puts the power down, providing a Korean entry in a class dominated by Germany, Japan, and, until recently, America (via Germany), but the first lease seen for the Veloster N might leave potential owners shopping elsewhere.

There’s cheaper alternatives for those wanting 250-plus horsepower in a small package. (Read More…)

By on September 12, 2018

No doubt courting Millennials who’ve grown used to bundled costs, Lexus plans to offer its new subcompact crossover — hey, something else Millennials seem to like! — for an all-in-one monthly payment. The vehicle, the insurance, and the maintenance are all covered by a no-haggle price over a two-year term.

Lexus hasn’t listed what the monthly prices might look like, but its UX crossover isn’t the first vehicle to see a subscription-style lease treatment. Volvo popularized the idea with its recent XC40 crossover, also targeted at young, urban professional types with stable incomes and an aversion to dealership salespeople. (Read More…)

Recent Comments

  • jalop1991: “You also trade an eight-speed automatic transmission for a CVT.” And again, Tim shows his...
  • golden2husky: I’ve found that pretty much all aftermarket brake parts rust. Whether its the rotor hat or a...
  • monkeydelmagico: One of those might be the engine in my sisters Kia Sedona minivan. Started having serious oil...
  • golden2husky: The plate design choice award has to go to Florida. They have many of great plates.
  • golden2husky: dukeisduke: I have often wondered about Tesla’s parts-sharing. It seems that all the running gear...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber