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Tesla guarantee future value of Model S in finance deal

Tesla guarantee future value of Model S (pictured) in finance deal If you run a company car – and you’re comfortably off – there’s a lot to commend the Tesla Model S. But if you’re a comfortably off private buyer who doesn’t quite get the tax breaks on a car a company car driver does, Tesla still want to make you an offer you can’t refuse. Teaming up with Alphera Financial Services (which just happens to be owned by BMW), Tesla are offering an appealing deal on the Model S, and guaranteeing its future value too.

GM repays Government loans – sort of

GM Loans repaid early - or are they? We can’t deny that GM are making a pretty good job of rising Phoenix-like from the ashes of their effective bankruptcy. A new focus on cars that are relevant for our times instead of a fixation with dated products and dated management has certainly helped.

Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.