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[71] [72] Honda began deliveries of the Fit EV in the United States in July 2012, and the car was available only through leasing at a price of US$389 per month for three years, based on base price of US$36,625, [73] and later the monthly lease payment was reduced to US$259 for all customers effective from June 2013.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
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Over 85% of new cars and half of used cars are financed (as opposed to being paid for in a lump sum with cash). [2] Roughly 30% of new vehicles during the same time period were leased. [2] There are two primary methods of borrowing money to buy a car: direct and indirect. A direct loan is one that the borrower arranges with a lender directly.
The leasing program began in July 2008 at a price of US$600 per month for three years which includes collision coverage, all maintenance and roadside assistance. [40] Honda announced Power Honda Costa Mesa, Honda of Santa Monica and Scott Robinson Honda as the initial dealers, which were chosen for their proximity to hydrogen refueling stations.
Year-to-date sales are up 40% year on year. Plug-in hybrids are primarily driving the surge; BYD sold just under 2.2 million hybrids in the first 11 months of the year, a nearly 70% year-on-year jump.
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