OEMs – Page 4766 – I wish I had more to offer

The Value We Place on Diversity and Inclusion

The Value We Place on Diversity and Inclusion By Bryan Salesky, CEO Argo AIBlockedUnblockFollowFollowing May 3 There are countless studies on the importance of a diverse and inclusive workforce, and most focus on the fact that diversity is good for business. We couldn’t agree more, but at Argo it’s more than that. Our technology is being… Continue reading The Value We Place on Diversity and Inclusion

Hyundai Motor Group and Baidu Fortify Partnership to Expedite Next Generation Connected Car Era

News

All

SUBSCRIBE TO RSS FEED

XML

Hyundai and Baidu strengthen cooperation for connected car technologiesPartnership to co-develop connected car service that provides wide range of in-car content based on big data, maps, AI, and portal servicesHyundai Motor Group vehicles embedded with Xiaodu In-Car OS to be developed for volume productionPartnership to advance in-vehicle voice recognition services based on Baidu’s natural language processing and Hyundai’s noise cancellation technologiesJoint efforts to speed up launch of intelligent vehicle-to-home services continueHyundai Motor Group (Hyundai) and Baidu today announced the signing of a memorandum of understanding (MOU) for Internet of Vehicles (IoV), signaling their commitment to strengthening cooperation on next-generation connected car technologies. The newly-signed MOU will see the existing partnership — between the world's fifth-largest auto-making group and the leading Chinese language Internet search provider — re..

Kia Motors America Announces Best-ever First Half Certified Pre-owned Vehicle Sales

News

All

SUBSCRIBE TO RSS FEED

XML

Record June CPO Program Sales Power Kia’s 0.4-Percent Increase Year-to-DateDouble-digit gains for Sportage and Forte boost Kia’s salesStrong brand appeal coupled with an outstanding warranty continue to drive Kia’s CPO momentumKia Motors America announces record first half Certified Pre-Owned (CPO) monthly sales with 39,954 vehicles sold. This achievement is an indication that Kia’s wide variety of stylish and fun-to-drive vehicles coupled with the brand’s industry-leading warranty, provide consumers the models they want and the added peace of mind they need when shopping for a CPO car. Kia’s popular Sportage and Forte helped drive the brand’s sales with double-digit gains. “Strong sales gains for Sportage and Forte reflect the broad scope and mass appeal of Kia’s world-class model lineup and our CPO program,” said Bill Peffer, vice president, sales operations, Kia Motors America. “The program continues to attract new customers to the Kia bran..

All-electric Kia Niro EV crossover now on sale in Korea

News

All

SUBSCRIBE TO RSS FEED

XML

Combines efficient electric power with crossover space and practicalityCapable of up to 385 kilometersof zero-emissions driving on single chargeCompletes eco-friendly Niro crossover range, alongside Niro Hybrid and Plug-in Hybrid versions – 200,000 Niro models sold since 2016European sales of Niro EV to follow at end of 2018 and North America in Q1 2019The new Kia Niro EV goes on sale today in Korea, combining an all-electric, zero-emissions powertrain with crossover practicality, intelligent packaging and eye-catching design. A long-distance driving range of up to 385 kilometers makes it one of the most capable electric vehicles on sale anywhere in the world. The Niro EV occupies a unique position in the global market as an all-electric CUV (crossover utility vehicle), and sits alongside the existing Hybrid and Plug-in Hybrid variants of the car – of which more than 200,000 have sold globally since the Niro’s introduction in 2016. The Korean ..

Breaking! Tesla Slashes Leasing Costs On Model 3 — $399 A Month!

Invest
Electric Cars
Electric Car Benefits
Electric Car Sales
Solar Energy Rocks
RSS
Advertise
Privacy Policy

Cars

Published on May 3rd, 2019 |

by Paul Fosse

Breaking! Tesla Slashes Leasing Costs On Model 3 — $399 A Month!

Twitter
LinkedIn
Facebook

May 3rd, 2019 by Paul Fosse

I haven’t seen an announcement, but noticed on Twitter people talking about a $399 per month lease on a Tesla Model 3! Comparing the old deal to the new deal, the down payment required has gone up by $1,500, from $3,000 to $4,500, but the monthly payment has gone down from $504 a month to $399 a month. That more than makes up for the higher down payment — $105 times 36 months is $3,780, and subtracting the $1,500 increase in down payment brings you to $2,280 in savings).

Screenshot from Tesla.com

Screenshot from BMWUSA.com

Just doing a quick comparison to the competition in my area, the Model 3 lease is now much closer to the leasing costs of a BMW 3 Series.

As we’ve covered many times, a Tesla is much cheaper to drive than a BMW when you include gas savings, but the upfront costs and monthly car or lease payments have frequently been higher. I wonder if this has to do with the capital raise that Tesla just made? It was very well received on Wall Street, so maybe some of that money allows Tesla to use a lower interest rate factor.

Even though $399 a month is the headline number, I consider it a much better deal to get the 15,000 miles a year for $41 a month more (50% more miles for 10% more money a month and no increase in other costs — see image above).

Conclusion
I am a person who likes to keep my cars for 10 years, so leasing doesn’t tend to work well for me. I also don’t think this is a good deal for people who are excited about full self driving (FSD). You only get the car for 3 years, and if FSD is delayed or not approved for use in your state, you may end up paying for nothing, or close to nothing. When you buy FSD, you get it forever for $6,000, a much better deal than the $95 a month you pay if you order FSD on a lease.

But if you have been waiting for a lower monthly payment for your Tesla and you can swing the $5,635 due at signing, I’d order this soon before the price goes up! Tesla has been making frequent price changes this year, so if you find a price you want, you should order it when you see it!

If you want to take advantage of my Tesla referral link to get 1,000 miles of free Supercharging on a Tesla Model S, Model X, or Model 3, here’s the link: https://ts.la/paul92237 (if someone else helped you, please use their code instead of mine).

About the Author

Paul Fosse A Software engineer for over 30 years, first developing EDI software, then developing data warehouse systems. Along the way, I've also had the chance to help start a software consulting firm and do portfolio management. In 2010, I took an interest in electric cars because gas was getting expensive. In 2015, I started reading CleanTechnica and took an interest in solar, mainly because it was a threat to my oil and gas investments. Follow me on Twitter @atj721 Tesla investor. Tesla referral code: https://ts.la/paul92237

Advertise with CleanTechnica to get your company in front of millions of monthly readers.

CleanTechnica Clothing & Cups

The BMW 8 Series Gran Coupe – a four-door sports car of sublime elegance and modern luxury.

Munich. The BMW Group is revealing another new addition to the BMW 8 Series range as it presses ahead with its model offensive in the luxury segment. Following the successful launch of the BMW 8 Series Coupe and BMW 8 Series Convertible, the carmaker is now offering the first glimpse of the new BMW 8 Series Gran Coupe. This four-door sports… Continue reading The BMW 8 Series Gran Coupe – a four-door sports car of sublime elegance and modern luxury.

Visit to the Mercedes-Benz engine production facility.

The home of powerful hearts. The location has tradition: at the end of 1903, the first motorcar production lines were put into operation in Untertürkheim. Today, the Mercedes-Benz Untertürkheim plant, with a total of six locations, is the lead plant for the worldwide coordinated production network and is a high-tech competence centre for highly efficient… Continue reading Visit to the Mercedes-Benz engine production facility.

Hyundai Mobis: Speed Bumps? School Zones? … My Smart Car is Ready for Anything!

SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) recently announced the successful development of “Preview Air Suspension Technology,” which automatically adjusts the vehicle height and absorbs road shock by proactively using upcoming navigational information. It is a technology that predicts the road conditions and traffic information, providing a comfortable ride while ensuring safety. Through the road information… Continue reading Hyundai Mobis: Speed Bumps? School Zones? … My Smart Car is Ready for Anything!

AUDI AG: first quarter of 2019 still affected by adverse factors

As expected, the Audi Group has embarked upon a very challenging financial year 2019. First-quarter revenue and operating profit decreased compared with the high levels of the previous year. At 8.0 percent, the operating return on sales was within the range of 7 to 8.5 percent that had been forecast for 2019, but was below… Continue reading AUDI AG: first quarter of 2019 still affected by adverse factors

Julius Seebach – Biography

Julius Seebach was born on December 13, 1983 in Pirmasens. He completed his studies of industrial engineering and business management at the University of Applied Sciences in Kaiserslautern in 2007, and, while working, obtained his international master of business administration degree at the Business School of the University of Saarland in 2011. Between 2007 and… Continue reading Julius Seebach – Biography