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After cutting prices, the Nissan Ariya is being offered with leases as low as $199 per month (find local dealers here). At these rates, Nissan’s electric SUV could currently be one of the best-value EVs to lease.

Nissan was viewed as a pioneer in releasing the first mass-market EV in the US, the LEAF, in 2010. The automaker followed it up with its second global EV and first all-electric SUV, the Nissan Ariya.

The Ariya (see our review here) went on sale last fall in the US and is already outselling the compact LEAF EV.

Over 4,500 Ariya electric SUVs were sold in Q3, compared to around 1,500 LEAFs. Recent price cuts will likely help boost sales.

According to online auto research firm CarsDirect, the Nissan Ariya is being offered with lease prices as low as $199 per month. In NY, the Ariya is listed at $199 per month for 18 months, with $4,379 due upfront. The deals vary by region.

This amounts to over $10,000 in savings with $9,280 in lease cash and an extra $1,000 bonus incentive.

Importantly, $199 amounts to what many people will save in gas prices per month making the cost of the vehicle negligible.

Nissan-Ariya-lease-prices
Nissan’s first global electric SUV, the Ariya (Source: Nissan)

2023 Nissan Ariya EV lease prices

On Nissan’s website, the 2023 Ariya Engage FWD is listed with a $369 per month lease for 36 months, with $4,079 due at signing. That includes a $1,000 loyalty cash offer available to current Nissan and Infiniti owners. The deal is good through January 2, 2024.

Nissan’s Engage with front-wheel drive offers up to 216 miles range powered by a 62 kWh battery.

2023 Nissan Ariya trim Starting Price
(excluding dest.)
Range
(mi)
Nissan Ariya Engage FWD $43,190 216
Nissan Ariya Engage e-4ORCE AWD $47,190 205
Nissan Ariya Venture+ FWD $47,190 304
Nissan Ariya Evolve+ FWD $50,190 289
Nissan Ariya Engage+ e-4ORCE AWD $51,190 272
Nissan Ariya Empower+ FWD $53,690 289
Nissan Ariya Evolve+ e-4ORCE AWD $54,190 272
Nissan Ariya Platinum+ e-4ORCE AWD $60,190 267
Nissan Ariya Platinum+ e-4ORCE AWD
(w/ 20″ wheels)
$60,190 257
2023 Nissan Ariya trim prices and range

The lease deal is based on an MSRP of $45,080 (including destination) and doesn’t require a trade-in. It can also be used by another household member.

Monthly payments will total $13,284 with 10,000 miles a year. At the end of the lease, the purchase price is $25,696.

Just a month ago, Nissan’s Ariya was listed with lease prices at $339 for 36 months. And that’s with $4,509 at signing. The monthly cost was $464 and is now $442 following the price cuts.

Nissan-Ariya-lease-prices
2023 Nissan Ariya (Source: Nissan)

Nissan’s lower prices could be due to changes in how it handles the EV tax credit. The company is now passing the credit on through a loophole with leases.

Although the 2024 Nissan LEAF S price is nearly $16,000 less than the Ariya, it’s only $79 more a month to lease. The model is offered at $289 for 36 months with $2,649 at signing.

Meanwhile, Tesla’s Model Y, starting at $43,990, can be leased for as low as $554 per month. Tesla’s website promotes monthly lease prices for as low as $399, but that includes the $7,500 tax credit.

Nissan’s latest deal on the Ariya is a steal. Ready to grab some of the lowest lease prices on Nissan’s electric SUV yet? You can use our link to find great deals on the Ariya EV at a dealership near you today.

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Offshore driller Transocean plunges after offering shares at a discount

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Offshore driller Transocean plunges after offering shares at a discount

Transocean Barents, an oil platform passes through Canakkale Strait as vessel traffic suspended in both directions in Canakkale, Turkiye on November 12, 2024.

Enishan Keskin | Anadolu | Getty Images

Shares of Transocean plunged Thursday after the offshore driller announced the sale of a large number of shares at a discount.

Transocean is planning to sell 125 million shares at a price of $3.05, significantly lower than Wednesday’s close of $3.64. It is offering 25 million shares more than it originally planned.

The Swiss company’s stock was last down 14.8% premarket. The offering is expected to close on Friday.

Transocean expects to book about $381 million from the sale. It will use the proceeds to pay off debt.

(Correction: Updates with correct share offering price.)

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NYC’s new 15 MPH speed limit for e-bikes goes into effect next month, but cars still get a pass

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NYC’s new 15 MPH speed limit for e-bikes goes into effect next month, but cars still get a pass

New York City’s new 15 mph speed limit for electric bikes is officially set to take effect next month, in what city officials claim is a move to improve street safety. But not everyone is convinced the crackdown is targeting the real threat on the roads.

The new limit, approved earlier this year, applies to e-bikes, mopeds, and other micromobility vehicles operating in city bike lanes. Riders caught exceeding 15 mph could face warnings or citations, though the exact enforcement strategy remains murky. The NYPD says it will focus on “education first,” but given the city’s track record, that could just be the calm before the ticket storm.

The rule comes amid growing concerns from some residents and officials about rising speeds among e-bike riders, especially delivery workers who often rely on throttle-equipped bikes to meet tight deadlines. But while the new speed cap is aimed at micromobility vehicles, there’s a noticeable omission: cars, trucks, and SUVs, which continue to be allowed to travel at 25 mph – and in practice, often much faster – even though they pose exponentially more risk to vulnerable road users and are responsible for orders of magnitude more deaths each year.

It’s a move that raises eyebrows and has resulted in thousands of publicly-submitted comments that the New York Department of Transportation has seemingly ignored.

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After all, the majority of traffic fatalities in New York City don’t involve e-bikes. They involve cars. And while some e-bike riders certainly ride irresponsibly, the blanket limit nearly cuts in half the more widely accepted e-bike speed limits used around the US, and doesn’t even apply to pedal bikes, which can easily exceed such speeds despite nearly identical average weights when factoring in the vehicle and rider. Not to mention, it ignores the critical role that e-bikes play in reducing traffic congestion and emissions, especially in the delivery and commuting sectors.

So while New York is slowing down its most efficient and sustainable form of urban transport, it’s letting the real heavyweights keep their speed. If the goal is safety, then it’s fair to ask: why aren’t cars being asked to go 15 mph too?

Because once again, it seems the rules are written for the powerful – not the vulnerable.

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Tesla is now buying ads on Elon Musk’s X to get people to vote for his $1 trillion compensation

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Tesla is now buying ads on Elon Musk's X to get people to vote for his  trillion compensation

Tesla is now buying advertising on Elon Musk’s X (formerly Twitter) to get Tesla shareholders to vote for his CEO compensation package worth up to $1 trillion in stock options.

Tesla, under Elon Musk’s leadership, has famously been against advertising. The CEO is even on the record saying that he “hates advertising” and that “other companies spend money on advertising and manipulating public opinion, Tesla focuses on the product.”

However, that was before he acquired Twitter, now X, which relies heavily on advertising.

After that, he started to push Tesla to do some advertising, but the company quickly stopped or greatly reduced its advertising efforts.

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We reported that Tesla’s advertising effort picked back up last week, starting with a few Google ads to encourage Tesla shareholders to vote for Musk’s new unprecedented CEO compensation package worth up to $1 trillion.

The automaker is in a full-on marketing blitz to convince shareholders to vote for the package and to allow Tesla to issue more shares in exchange.

Now, Tesla is even buying social media ads to push shareholders to vote for Musk’s compensation package and they are even buying ads on Musk’s privately owned platform, X:

They are also buying ads on Instagram, Facebook, and Reddit.

As we previously reported, Tesla’s board has claimed that voting for the compensation package will determine the future of Tesla.

Musk went even further and linked his compensation package to the future of the world.

Earlier today, the CEO claimed that his compensation plan is not about money, but about control over Tesla:

It’s not about “compensation”, but about me having enough influence over Tesla to ensure safety if we build millions of robots. If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.

The CEO previously threatened Tesla shareholders not to build AI products at Tesla, despite claiming they were critical to the company’s future, if he doesn’t get 25% control over the company.

Electrek’s Take

The CEO of a publicly traded company threatens shareholders to gain control over the company and uses company funds to purchase ads that benefit his privately held company, with the goal of persuading the shareholders of the publicly traded company to give him more money.

If that’s not late-stage capitalism, I don’t know what is.

Also, I know I won’t shock anyone here, but Elon is lying about this not being about money.

If he wants to increase his percentage of Tesla shares, he could do exactly what his friend Larry Ellison did with Oracle and do long-term buybacks. It would benefit everyone, but it’s not what he wants. He wants the shiny new stock options.

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