leasing, california

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Customers can lease Hyundai Ioniq EV for a low $275 per month

Hyundai revealed that it is offering customers more options to drive the Ioniq EV. Back in November, the brand revealed that it was offering a subscription plan and now it has disclosed just how much this will cost.

The lowest appears to be a monthly fee of $275 plus tax for a total of 36 months. However, it does require you to put in a down payment amounting to $2,500. But if you happen to buy the Ioniq EV in California, the state offers a rebate totaling $2,500. This makes sense considering that Hyundai will only be making this subscription plan available in California. Take note though that it will not cover the entire state as for now it will only include three counties: Riverside, Orange, and Los Angeles. The brand did say that later this year this subscription will be offered in San Diego and Northern California.

There will be three trims offered. The base model is the Electric trim. The other two are Limited, which costs $305 plus tax, and the Limited with the Ultimate Package, offered at $365 plus tax. Assuming that all trims will have the “zero-money” down initiation fee plus the fact that customers will be required to get a three-year subscription, this means that Electric trim can go as high as $9,900. For the Limited it will be $10,980, and the Ultimate Package will come at $13,140.

Read the entire article Customers can lease Hyundai Ioniq EV for a low $275 per month

California dealer offers $49/month lease deal on Fiat 500e for Black Friday

Black Friday is often regarded as a great day for consumers in a number of areas in the United States, including California. This is particularly because on this specific day of the year – a day just after Thanksgiving – companies are racing to offer the lowest prices and the best deals available.

A Fiat dealership – Orange Coast Fiat in Costa Mesa, California -- is riding on this wave by offering the new Fiat 500e all-electric hatchback for lease for just $49 per month. Yes, the good people of California could avail of this lease for less than $50 a month, good for 36 months. Additional good news is that those who availed of this lease don’t have to shell out anything as a down payment.

However, this promo is only a “Limited Inventory” lease, which means only a few units will be available. Of course, this promo is – so far – available only at Orange Coast Fiat and there has been no news yet of other Fiat dealers offering a similar deal. Orange Coast Fiat’s Limited Inventory $49 per month lease deal for the new Fiat 500e all-electric hatchback is available from November 25 (Black Friday) to November 27.

Read the entire article California dealer offers $49/month lease deal on Fiat 500e for Black Friday

California may soon ban vehicles powered by combustion engines

Bloomberg recently published a report regarding the banning of vehicles with internal combustion engines in California. Air Resources chairman of the board Mary Nichols said state officials have already stated their interest in putting an end to the sales of pollution-causing automobiles in a bid for cleaner air.

California is considered amongst the most environmentally-aware states, accounting for over 2 million of car sales, in the entire US in the previous year. Following the recent announcements made by other countries, Nichols went on by saying that Governor Jerry Brown had been sending messages concerning his thoughts on the issue. Brown is in fact one of the most plain-spoken US officials who has expressed strong interest in combating climate change.

If ICE vehicles are to be banned in California, Nichols thinks the current administration will not approve of it if done via an EPA waiver. That, in spite it is legal for them to do so. Nichols added it is more feasible by imposing new vehicle registration guidelines instead. However, she also said that the earliest implementation of such ban may be at least ten years from now.

Read the entire article California may soon ban vehicles powered by combustion engines

Alfa Romeo dangles $299 a month lease deal for Giulia sedan in the US

For motorists in the United States who think that driving a new Alfa Romeo is worth it, here comes some very good news. Alfa Romeo is slashing $100 off the usual monthly lease for the new Giulia. More specifically, Alfa Romeo is offering US drivers a 24-month lease deal that entails a down payment of just $3,299 and a monthly payment of $299.

This seemingly sweet lease offer comes as the Italian premium carmaker seems to be having some trouble to meet its expectations for the Alfa Romeo Giulia premium mid-size sedan in the US. Although the Italian carmaker has seen sales of the Giulia increase month by month since January 2017, it has yet to breach the 1,000 monthly sales barrier. From a measly sales number of 70 units in January 2017, the Alfa Romeo Giulia crawled its way up to 992 examples in June 2017, for a total of 3,475 units in the first six months of 2017. The increase seems encouraging, but it falls short of the expectations that the Giulia would be a big seller.

For $299 a month, this lease deal is enticing for customers looking for a gorgeous car with Italian design and heritage, state of the art technologies as well as great handling and sprinting capability. This offer refers to a base, rear-wheel drive version of the Alfa Romeo Giulia (with 22L package), with the pricing based on an MSRP (manufacturer’s suggested retail price) example of $38,990.

Read the entire article Alfa Romeo dangles $299 a month lease deal for Giulia sedan in the US

California has a resourceful goal of having all new homes produce "zero net energy" by the year 2020, it roughly translates to producing at least as much energy as they can consume. Now the Elon Musk-headed company is no longer only selling electric vehicles, but renewable energy sources as well. And now Tesla has its only production factory in the city of Fremont.

The California-based energy company is venturing on a new business by the latter part of this year- the solar roof business, and this further undertaking will be initially observed at the homes located in the vicinity of the company's main factory. This is all due to the ordinance passed by the city council of Fremont, California on May 2 that firmly requires newly constructed houses and apartment complexes to install solar roof panels. The decision will work with a measure dating back from October that will require new construction to install mandatory wiring to be able to charge electric vehicles. The prescribed solar cell size will differ based on the size of the structure, and the ordinance necessitates an installation location that augments exposure to the sun.

Rachel DiFranco, Fremont's sustainability coordinator, said that they have over 5,000 electric vehicle drivers found in Fremont and they would like to observe if the drivers preferring an electric vehicle would increase and double over the next handful of years. Moreover, there’s also a call to obtain permission to install the cells found on the ground or one can utilize a wind turbine as a substitute. The state's building standards and energy commissions urge to approve the plan before all of it becomes official while this ordinance is through the city government. The process may take a few months, according to the local East Bay Times newspaper.

Read the entire article Ordinance filed at Tesla’s hometown requires new houses to use solar panels

Uber was very thrilled that it was finally testing its self-driving vehicles in California. However, the thrill failed to last long, as regulators in the state seek to stop the company from doing such tests due to lack of necessary permits. To make matters worse, two of Uber’s self-driving vehicles were caught running red light in San Francisco, California.

Uber has been running its ride-hailing operations in San Francisco – where its headquarters is also located – since 2011. It recently ventured into self-driving ride-hailing vehicles, which made their debut in September 2016 in Pittsburgh, Pennsylvania. After a few months, Uber commenced operations of its self-driving vehicles in San Francisco this week using camera-fitted Volvo XC90 seven-seater SUVs. Uber’s XC90 units are very fairly easy to notice to recognize thanks to the prominent mount on its rooftop. Uber’s self-driving rides could be good news, considering that the autonomous vehicle has been becoming a key point of future mobility. But maybe not for Uber.

It turned out that Uber failed to – or more so intently didn’t – secure any permit from the state of California to bring its self-driving Volvo XC90 units on the streets for testing. Companies wishing to have their autonomous or self-driving vehicles ply the streets in California need to secure permit to do so from the state, in particular from the California Department of Motor Vehicles (DMV). According to DMV, such permit need to be secured in order to ensure public safety as autonomous technology is being tested.

Read the entire article Uber’s self-driving rides in California hit brakes over permit issue and red light violations

Back in January of this year, Chevrolet revealed the details of the Bolt electric vehicle. At around this time, the brand also disclosed that the Bolt would come with a $30,000 base price, after considering the federal tax credit of $7,500. Thus, for an electric vehicle that delivers a range of at least 200 miles, this price can be seen as affordable. However, there remains to be interested customers that will either not have the $30,000 easily on hand, hesitant to spend such amount even if they have it, or will not spend it in payments.

That’s why Chevrolet has come up with a program that will allow customers the chance to drive such a vehicle. According to Electrek, GM Financial has started a leasing program specifically for the Bolt with no cash down and a minimum amount of $309 per month after incentives.

That said, it is obvious that should a customer opt to lease a Bolt instead of purchase one, that same customer will not be able to take advantage of the federal tax credit. What General Motors will do is to pass this to the customer resulting in a lower monthly payment. While an $80 fee per week may be difficult for some, this remains to be a good bargain considering that the Bolt was named by Motor Trend as Car of the Year.

Read the entire article Chevrolet reveals Bolt leasing program at $309/month

Does the future of heavy-duty hauling involve hydrogen cells? Too early to say for now, but it is not impossible. In fact, this possibility is being researched on by one of the pioneers of hydrogen fuel cell-powered vehicles in the world – Japanese auto giant Toyota Motor Corp.

Interestingly, Toyota’s first fuel cell vehicle now out in the auto market is called Mirai, which is derived from the Japanese term for “future.” In a sense, the Mirai jumpstarts Toyota’s battle-cry for the future of mobility. The Mirai also expresses the carmaker’s confidence that consumers would accept hydrogen as a clean fuel alternative in the next five years.

The Mirai employs the so-called Toyota Fuel Cell System (TFCS) that boasts of the combination of fuel cell technology and hybrid technology, making use fuel cell (FC) stack, high-pressure hydrogen tanks and FC boost converter. This FCV could be completely refilled with hydrogen in around three minutes and that already allows the Mirai to travel up to a distance of around 300 km or 186 miles.

Read the entire article Toyota will launch California study on feasibility of fuel cell-powered semi-trailer trucks

Ally Financial Inc. has recently been named as the preferred U.S. auto lender of Aston Martin Lagonda Ltd. as part of a move to boost sales. Ally used to be GM’s financing arm. In a statement, the luxury sports car maker said that beginning in late May, American buyers will be able to access Ally’s lease and retail finance program at the brand’s 37 dealerships for all core sports cars.

In this statement, Julian Jenkins, president of Aston Martin’s Americas unit, said that it searched extensively for a financial services provider. He also said that Ally will be able to meet its customers’ high standards. Aston Martin, the sole global luxury-auto brand that doesn’t belong to a bigger group, hopes to increase sales to be more competitive.

Aston Martin has been trying to raise money for research and for development of new models. Daimler AG, which supplies engines and electronics to Aston Martin, revealed last August that it has increased its stake in the sports car brand to 5%.

Read the entire article Aston Martin names Ally Financial as preferred auto lender in US

Ford Motor Co. chief executive Mark Fields was set to announce the opening of the Ford Research & Innovation Center in Palo Alto, California, located almost 3 miles from Stanford University. Ford is one of the many carmakers that have set up r&d centers in Silicon Valley, like Mercedes-Benz, Nissan and Volkswagen Group – usually to tap the area’s talented engineers and/or collaborate with tech giants like Apple, Google and Intel.

Ford has been present in Silicon Valley since January 2012, when it opened a 10-personnel office at another location in Palo Alto to work on big data and open-source computing.

The new Ford Research & Innovation Center means more people working for the carmaker. In fact, Ford’s internal job listings have 16 open positions in Palo Alto -- engineers, researchers and programmers.

Read the entire article Ford Research & Innovation Center opens its doors in Palo Alto, California

SUVs, crossovers and pickups are expected to post the most off-lease growth in 2019 as the demand for these vehicles continues to rise, according to analysts from Kelley Blue Book. For 2014, cars led as the top segment coming off lease. Based on vehicles leased in 2014, off-lease volume of full-size pickups in 2019 will surge by 93 percent from last year’s levels.

On the other hand, off-lease volume for full-size SUVs and full-size crossovers combined is expected to hike 77 percent while off-lease volume of luxury compact SUVs and crossovers combined is projected to surge 71 percent. Off-lease volume of compact SUVs and crossovers combined is seen to grow 59 percent.

While non-luxury utility vehicles accounted for 28 percent of new-vehicle sales, it represented 46 percent of total industry volume growth, according to Eric Ibarra, director of residual value consulting at KBB. This indicates a shift in consumer preference from cars to trucks and utility vehicles.

Read the entire article SUVs, crossovers and pickups projected to log most off-lease growth in 2019

There would be a “steady lift” in leases as a portion of its sales volume in the United States next year, according to Acura division general manager Mike Accavitti. He noted that leases currently account for less than 40 percent of Acura’s volume, which is below the average in the luxury vehicle segment.

Accavitti remarked on the sidelines of the event by American Honda that Acura is behind the segment in terms of leasing percentage partly because many of its customers are from mass-market brands and are as not familiar to leasing as buyers from other luxury brands.

Acura’s customers traditionally have been loyalists or buyers moving up from Japanese brands like Honda, Nissan or Toyota.

Read the entire article Lease expected to account for 42-45% of US sales by 2015, says Acura boss

Toyota Motor Corp. is so confident in a future for fuel-cell vehicles that it plans to start selling its Mirai fuel-cell sedan in late next year. Mirai, which means “future” in Japanese, expresses Toyota’s confidence that hydrogen would be accepted by consumers in the United States as a clean fuel alternative in the next five years.

Toyota is planning to sell nearly 200 Mirai sedans when commences sale in California in late 2015 and 3,000 units by the end of 2017, with the increase in number coming from expanded marketing in Northeast US. Toyota Chairman Takeshi Uchiyamada said the Toyota targets around 700 sales of the Mirai globally in 2015 and “tens of thousands by 2020.”

Toyota plans to offer lease terms similar to Hyundai’s -- payments of $499 over 36 months, with an initial payment of $3,649 at signing. The carmaker also plans to offer the Mirai for purchase at $57,500.

Read the entire article Toyota Mirai is priced at $57,500 before incentives in the US, lease for $499/month

Tesla announced on its website that the US Bank is now offering lease for buyers of the Model S, in the United States of course. What’s more interesting is that the monthly lease payments will be lowered by as much as 25 percent. If you lease the Model S and you are not happy with the vehicle you can return it in the first three months and the remaining lease obligations is waived.

According to the manufacturer, the only catch is that you can’t immediately lease another Model S, For those who don’t know, leasing a car with Tesla involves no signatures or paperwork unless these are required by your state DMV.

Still, don’t forget to read the terms and conditions on the center screen. So, if you are interested in buying a new Model S you should take a look at the new Dual Motor All Wheel Drive options introduced by Tesla and priced at $4,000.

Read the entire article US Bank offering compelling leasing for Tesla buyers in the United States

Father and son Olivier and Sammy Wasem have filed a lawsuit in San Mateo County Superior Court against Facebook and Ferrari S.p.A., alleging that the companies have collaborated to illegally seize control of the fan pages in the social media site. The Wasems and Ferrari are also currently embroiled in a legal battle over their "Ferrari Fan Page" and a “Formula 1 Vision” page.

They are claiming that Ferrari took the fan pages with Facebook's knowledge and substantial assistance. They are also claiming that launching their fan page in June 2008, Ferrari created its own, but wasn’t as popular. They said this prompted Ferrari to ask Facebook to give it administrative control over the Ferrari Fan Page.

Ferrari then contacted the Wasems in March 2009, saying that “legal issues” had forced it to take over administration of their page, according to Automotive News. The Wasems also claim after the Ferrari co-administrator was added sans their permission, the carmaker began negotiating over a partnership to manage the fan page and create a Formula 1 page.

Read the entire article Facebook and Ferrari face California suit over fanpage takeover

The governor of the state of California, Jerry Brown, is targeting to have 1.5 million zero-emission cars on the roads in the next decade as part of his charge against climate change. Brown has already signed 11 bills related to global warming into laws – adding 15,000 permits allowing such vehicles to use car-pool lanes.

The new laws also provides rebates to low-income residents to entice them to purchase cleaner cars while require cities and counties to speed up permits for residential solar-panel installations.

The laws also require the state to concoct a plan to fight short-lived pollutants like methane. Brian Wynne, the president of the Electric Drive Transportation Association, told in a phone interview that Brown has taken the fight against climate change to heart.

Read the entire article California governor wants 1.5 million zero-emission cars on the roads by next decade

California has issued its first 29 permits this week to Google Inc., Mercedes-Benz and Audi allowing them to test self-driving cars on public roads, state officials disclosed. Google Inc. were given permits to test 25 adapted Lexus SUVs, while Mercedes and Audi were provided two permits each.

According to Bernard Soriano of the California Department of Motor Vehicles, Audi was the first to apply for the permits, followed by Mercedes parent Daimler and Google. He disclosed that some carmakers and first-tier automotive suppliers are also in the process of filing for the permits.

While self-driven car testing has been conducted in the state for several years without the permits, its legislature has already required companies to secure before they could run their test cars on public roads. For companies to receive permits, test drivers must be able to take command of an autonomous vehicle at any time.

Read the entire article California issues 29 permits for testing self-driving cars on public roads

Around two-fifths of the rechargeable cars in the United States were sold in California during the period December 2010 to August 2014, according to the California Plug-In Electric Vehicle Collaborative, citing figures from the California Air Resources Board, Hybridcars.com and Baum & Associates.

During the period, California drivers acquired 102,440 hybrid and battery-only – roughly 40 percent of the total 250,000 rechargeable cars sold in the US, according to industry researcher Baum. Since 1970s, California has been urging carmakers to offer vehicles with lower tailpipe emissions in order to reduce smog and uplift the state’s air quality.

The state in 2009 established more stringent standards requiring cars emitting less carbon pollution under its Zero-Emission Vehicle program. The standards have prompted carmakers like General Motors Co., Ford Motor Co., Nissan Motor Co. and Tesla Motors Inc. to develop and produce a new generation of plug-in models.

Read the entire article California accounts for 40% of rechargeable cars sold in the US

The state of California is revamping its incentive program as a response to criticism that its rebates sometimes serves as a windfall for the rich. The California Legislature recently passed a bill phasing out EV rebates for wealthy buyers. The bill also offers new incentives for low-income car owners who scrap their cars and instead use public transit or join a car-sharing service.

Max Baumhefner, an attorney at the Natural Resources Defense Council, remarked that the income cap is meant to make sure that the program is “in the black while not undermining progress” toward the California’s EV goals.

Around a third of the EVs sold in the United States are sold in California, where the about 100,000 EV owners receive a few incentives like the use of carpool lanes. Aside from the legislation, large carmakers also have to deal to stiffer regulations requiring a certain percentage of the vehicles they sell to be zero-emission vehicles, or ZEVs.

Read the entire article California overhauls incentive program for electric vehicles, rich people beware