Here’s how the financial engineering works: Ford Credit and GM Financial initiated binding contracts and down payments on their dealers’ EV inventory before the September 30 cutoff. This makes their ...
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CEO Jim Farley has forecasted U.S. EV sales will halve as a result of the lost up-to $7,500 federal tax credit.
The lending arms at Ford and GM planned to initiate the purchase of EVs in dealers’ inventory, and then apply for the $7,500 credit on those cars and roll that money into EV lease terms. For customers ...
Car buyers looking for a deal on an electric vehicle can find 0% financing and attractive leases on some models, even after ...
Dozens of Ford pickup trucks and SUVs have been sitting for quite some time on dealership lots. They are all 2024s and have something in common that will not convince customers to take them home. With ...
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