This Is The First Time Tesla Has Become So Cheap. Here’s Why Leasing Or Buying A Used Car Is The Best Deal.

Written by Venessa Wong EV makers that are laying off workers are cutting prices. “This is a huge opportunity for used car buyers.” Tesla shareholders have been in a tough spot lately. The company plans to lay off 10% of its employees, and Tesla’s stock price has fallen further. Source: www.morningstar.com

The EV Maker Is Writing Checks To Leasing Companies To Compensate, As Tesla’s Price Cuts Have Reduced The Value Of Its Cars So Much.

ibensTim Alversen, CEO of the largest multi-brand leasing company, said he has already received checks in recent weeks to help offset the weak prices. Leasing companies are demanding concessions from EV manufacturers, including buyback agreements. Source: fortune.com

Leasing An Electric Car May Be More Profitable Later On.

In addition to cost savings and less restrictive tax credits, leasing may have other advantages over buying an EV. Don’t be stuck with old technology. EV technology is advancing rapidly, increasing battery range and potentially lowering purchase prices over time. Source: www.consumerreports.org

Rivian Launches First Leasing Program

The first Tesla Cybertruck will be delivered to customers this week, but Tesla isn’t the only company making electric truck news. Rival startup Rivian has launched its first leasing program. For now, leasing is only available on the Rivian R1T pickup, but the company may add the R1S SUV later. Kelley Blue Book’s expert test drivers say the R1T offers: Read More