on subscription-based models differs slightly."The macroeconomic factors make subscription less viable in the current market—shifts in the automotive landscape and challenges with supply. However, every OEM, dealer, and mobility provider has a different flavor that best fits their business.
"The flexible access value story is different for every consumer. An alternative to traditional vehicle ownership, subscription may offer some consumers more simplicity, variety, and flexibility in their transportation choices. It also could be a way to help drive the adoption of electric vehicles, providing EV intenders a platform to test electric vehicles without the long-term commitment.
In fact, Hyundai itself has tried the electrified adoption subscription model before, dating back to 2017 and the. It was available under subscription in California only, for a 24- to a 36-month term, and for about $300 a month plus a $2500 down payment. Users were allowed unlimited miles and were reimbursed for charging costs up to the first 50,000 miles; maintenance and service were also covered.
Hyundai says its pricing is competitive with financed or leased models, although the calculated $850 monthly payment for an Ioniq 5 used as an example in Hyundai's press material is tied to a six-year loan at 6.2% APR.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I won't jump on that wagon. I have been working long days and weekend to be able to have ZERO DEBT and a subscription / lease/ contract is just that.. another term for DEBT! No thank you!
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two Colorado entrepreneurs promote women’s sexual wellness with their Jamestown companyA pair of Colorado entrepreneurs are fighting the stigma around women’s sexual wellness through their Jamestown-based company — just in time for Valentine’s Day. Everything is identity politics with denver. Gross
Source: denverpost - 🏆 13. / 72 Read more »
FTX Bankruptcy Judge Allows Company to Subpoena Founder Bankman-Fried, Other 'Insiders'NEW: The judge overseeing FTX's bankruptcy has authorized the company to subpoena its former executives, including founder Sam Bankman-Fried, as well as Bankman-Fried's family, for information about where FTX funds may have gone. nikhileshde reports
Source: CoinDesk - 🏆 291. / 63 Read more »
Google AI chatbot Bard offers inaccurate information in company adGoogle published an online advertisement in which its much-anticipated AI chatbot Bard delivered an inaccurate answer. The tech giant posted a short GIF video of Bard in action via Twitter, describing the chatbot as a 'launchpad for curiosity' that would help simplify complex topics. Bard responds with a number of answers, including one suggesting the JWST was used to take the very first pictures of a planet outside the Earth’s solar system, or exoplanets.
Source: YahooNews - 🏆 380. / 59 Read more »
Post Company’s Inness Furniture Collection With Sixpenny Is a Minimalist’s DreamFurniture lovers obsessed with the Hudson Valley hotel’s elegantly restrained interiors can now bring its sofas and couches home.
Source: voguemagazine - 🏆 715. / 51 Read more »
Irving woman gets 6 years for embezzling over $800k from IT companyAn Irving woman will spend the next six years in prison for stealing over $800,000 from her employer, federal officials announced on Wednesday. 'But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.' 1 Timothy 6:9 She-Daring to take all that
Source: CBS DFW - 🏆 542. / 51 Read more »
Live updates: Republicans fan allegations of tech company-government collusion at combative hearingThe lights in a Capitol meeting room went dark while the Oversight committee was questioning former Twitter employees about censorship. The hearing will now resume at 2 p.m. because power has been restored, a committee aide said. The House Recording Studio is working on getting video up and running again, the person added. Dam, I was having fun watching house Republicans looking like a bunch of clowns. Oh well, plenty of that more to come How convenient.
Source: washingtonpost - 🏆 95. / 72 Read more »