Latest news with #MaseratiGrecale
West Australian
6 days ago
- Business
- West Australian
Sydney financier charged over alleged role in ghost car syndicate buying luxury cars with stolen information
A Sydney finance worker has been charged for her alleged role in a sophisticated fraud and money laundering crime syndicate that allegedly bought luxury cars using stolen personal information. The 37-year old woman was arrested at a CBD apartment about 6.50am on Wednesday when police seized luxury cars, bags and clothing worth more than $1.4m. Police found a Maserati Grecale, a Lamborghini Urus and a Ferrari F171 in the unit's carpark. The woman is facing 12 offences, including obtaining financial advantage by deception, dealing with the proceeds of crime, participating in criminal activity, creating fake documents, obtaining property by deception and using false documents to obtain financial advantage. Strike Force Myddleton began investigating the syndicate targeting Sydney automotive financing companies in January last year. Police allege the syndicate used stolen personal information to apply for loans through various financial companies to purchase luxury 'ghost cars' that did not exist. Detectives also allege the syndicate committed large-scale personal, business and home loan fraud against multiple financial institutions. A police spokesman said the NSW Crime Commission had frozen $53m in assets and 11 people had been charged under the strike force and were before the courts. Police allege the latest woman to be charged over the operation used her role as a finance professional to facilitate about $4m worth of fraud. Financial Crimes Squad commander Gordon Arbinja said investigators were now shifting their attention. 'Strike Force Myddleton has now put 11 people before the courts and disrupted a highly organised criminal enterprise operating across multiple financial sectors,' he said. 'We are now focusing on professional facilitators who we believe are enabling this syndicate's operations – particularly those working in the professional financial industry, including accounting, financial services, and taxation.' The woman was refused bail and will appear before the Bail Division Court on Thursday.
Perth Now
6 days ago
- Business
- Perth Now
Maserati, Lambo seized in ‘ghost car' raid
A Sydney finance worker has been charged for her alleged role in a sophisticated fraud and money laundering crime syndicate that allegedly bought luxury cars using stolen personal information. The 37-year old woman was arrested at a CBD apartment about 6.50am on Wednesday when police seized luxury cars, bags and clothing worth more than $1.4m. Police found a Maserati Grecale, a Lamborghini Urus and a Ferrari F171 in the unit's carpark. Police arrested a 37-year old finance worker at a Sydney CBD unit. NSW Police Credit: Supplied The woman is facing 12 offences, including obtaining financial advantage by deception, dealing with the proceeds of crime, participating in criminal activity, creating fake documents, obtaining property by deception and using false documents to obtain financial advantage. Strike Force Myddleton began investigating the syndicate targeting Sydney automotive financing companies in January last year. Police allege the syndicate used stolen personal information to apply for loans through various financial companies to purchase luxury 'ghost cars' that did not exist. The woman allegedly facilitated about $4m worth of fraud and is facing 12 charges. NSW Police Credit: Supplied Detectives also allege the syndicate committed large-scale personal, business and home loan fraud against multiple financial institutions. A police spokesman said the NSW Crime Commission had frozen $53m in assets and 11 people had been charged under the strike force and were before the courts. Police allege the latest woman to be charged over the operation used her role as a finance professional to facilitate about $4m worth of fraud. Police seized three luxury cars worth $1.4m. NSW Police Credit: Supplied Financial Crimes Squad commander Gordon Arbinja said investigators were now shifting their attention. 'Strike Force Myddleton has now put 11 people before the courts and disrupted a highly organised criminal enterprise operating across multiple financial sectors,' he said. 'We are now focusing on professional facilitators who we believe are enabling this syndicate's operations – particularly those working in the professional financial industry, including accounting, financial services, and taxation.' The woman was refused bail and will appear before the Bail Division Court on Thursday.
Yahoo
23-06-2025
- Automotive
- Yahoo
5 Luxury Cars That Will Have Massive Price Drops in Summer 2025
Summer 2025 is shaping up to be a buyer's market for luxury cars, with several high-end models expected to see steep price drops. Read Next: Find Out: Lauren Fix, automotive expert at Car Coach Reports, explained that high inventory, slowing demand for electric vehicles and shifting consumer preferences are driving down prices. Economic factors like tariffs, rising interest rates and elevated insurance costs are adding even more pressure, making luxury vehicles less attractive to many buyers. Those in the market for a luxury car should watch for dealer incentives and be ready to negotiate, as dealers are eager to clear out aging inventory. The following five models are set to offer some of the best deals, thanks to unique challenges each is facing in today's market. For anyone considering a luxury car purchase, summer 2025 could be the best time in years to score a deal. The Porsche Taycan, once a darling of the luxury electric vehicle world, is now facing significant depreciation. According to Fix, the luxury EV market is slowing, and the Taycan's resale value has dropped by 26.5% in the past year, now averaging around $73,976. This rapid decline is fueled by advances in EV battery technology and fierce competition from newer models, making older Taycans less appealing. Auto mechanic and JustAnswer expert Chris Pyle, says that dealers are more willing to lower the price in the negotiations to free up funds and space on the lot for the new models coming in. Buyers can expect even more aggressive pricing as summer inventory builds and the market for luxury EVs continues to soften. Jaguar's F-Pace SUV is another luxury vehicle expected to see major price drops this summer. The company's transition to an all-electric lineup by 2026 and a controversial rebrand have weakened demand for the F-Pace. According to Car and Driver, it's the slowest-selling U.S. automobile with a 291-day supply on dealer lots, so dealers may need to lower prices to clear stock. Fix noted that the F-Pace's future is uncertain, and buyers can expect deep discounts as Jaguar prepares to phase out this model. For those looking for a bargain on a stylish and capable luxury SUV, the F-Pace will be hard to overlook this season. The Maserati Grecale, a luxury SUV introduced to compete with top German rivals, is struggling with high pricing and low consumer interest. It saw price reductions for 2025, with the Modena trim now $2,000 less and the Trofeo $3,300 less than last year, according to Fix explained that dealers are likely to offer incentives and attractive financing deals to attract buyers, making this summer a prime time to negotiate a strong deal on a Grecale. RealCarTips reports that the 2025 Grecale GT is already selling for about 7% below MSRP, reflecting dealer incentives and negotiation. The Mercedes-Benz S-Class, long considered the gold standard for luxury sedans, is expected to see reduced resale values in 2025. The S-Class faces increased competition from rivals like the BMW i7 and Lucid Air, as well as shifting market trends toward more affordable electric vehicles. As per Edmunds, the S-Class faces steep depreciation, with the S 580 4MATIC losing nearly $41,000 in value in its first year and over $65,000 in two years. According to Fix, oversupply and aging technology in the current generation are pushing dealers to offer discounts to attract buyers. As a result, those interested in the S-Class can expect to see more competitive pricing and incentives throughout the summer, especially on models that are not the latest refresh. BMW's 5 Series is another luxury sedan likely to experience substantial price drops this summer. The 2025 refresh, combined with increased production, is expected to lower the resale value of older models as newer versions flood the market. RealCarTips reports that the 2025 5 Series is selling for up to 9% below MSRP in some regions, highlighting strong dealer incentives and discounts. As such, dealers will be motivated to clear out prior-year inventory, leading to steep discounts and attractive financing offers. Fix suggested that buyers monitor dealership and online prices closely, as timing a purchase just before the new models arrive could yield the biggest savings. The 5 Series remains popular, but this summer's market conditions make it a standout for bargain hunters seeking a premium driving experience. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 10 Genius Things Warren Buffett Says To Do With Your Money 7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on 5 Luxury Cars That Will Have Massive Price Drops in Summer 2025
USA Today
04-06-2025
- Automotive
- USA Today
Hertz is selling Maserati SUVs for Toyota RAV4 prices. Here's how many are left
Hertz is selling Maserati SUVs for Toyota RAV4 prices. Here's how many are left You can score a used Maserati Grecale for cheaper than a fully loaded Toyota RAV4. Show Caption Hide Caption The view inside a Maserati MC20 breaking an autonomous speed record. A Maserati MC20 supercar breaks the autonomous vehicle speed record in March 2025 at NASA's Launch and Landing Facility at Kennedy Space Center. Hertz is selling the Maserati Grecale for below market value. The Grecale is a recent addition to Maserati's portfolio and its most affordable model. The Maserati Grecale has impressive performance specs and a refined interior. Maserati vehicles are known for stylish exteriors, luxurious interiors, and incredible performance specs. Affordability isn't exactly synonymous with models from the Italian brand. Hertz is offering Maserati's newest SUV model for under $37,000, which is less than a new 2025 Toyota RAV4 Limited. The company is offering some models at extremely discounted rates compared to their actual market value. Is the Grecale worth considering at the prices Hertz is offering? Hertz is selling Maserati Grecale SUVs for under $40K So, why is it surprising that Hertz is selling Maserati Grecale models for under $40,000? The Grecale debuted as a 2023 small luxury SUV with a starting price of a whopping $63,500. While this pricing isn't mind-blowing for a Maserati luxury SUV, it's higher than what average Americans are spending on new cars (around $50,000), according to CNBC. Hertz has 29 Maserati Grecale small luxury SUVs for sale at the time of publishing. The most affordable of these Grecale SUVs starts at just $36,540 with under 29,000 miles according to the company's website. It's a 2023 base model, so it's being sold for slightly under 58% of its original MSRP. That's a depreciation rate of 42% in just a few years with low mileage. How much should you pay for a used Maserati Grecale? Getting a used Maserati Grecale is a great way to enjoy Maserati thrills without paying new Maserati prices. Kelley Blue Book's fair purchase price for a 2023 Maserati Grecale with under 29K miles from a dealer is $38,522. Its typical listing price is $39,222. So, you can score a Maserati Grecale for under market value if Hertz's prices are as advertised when the ink is dry on paperwork. That said, Hertz's Grecale models are located across the country and the company could tack on extra fees to the purchase, so take these prices with a grain of salt and do your own due diligence. 2026 Toyota RAV4 goes all-hybrid: New models, more power and bold design At a glance, Hertz is offering the Grecale small luxury SUV for attractive prices, but buyers should still take caution. Kelley Blue Book's typical listing price is a solid benchmark for what the SUV's true market value is. Why has the Grecale depreciated so much in so little time, and is it a good SUV? Is the Maserati Grecale a good SUV? The 2025 Maserati Grecale starts at $77,900. It uses a 2.0-liter turbocharged four-cylinder engine to produce 325 horsepower and 332 pound-feet of torque. The small luxury SUV accelerates from 0-60 miles per hour in 5.0 seconds. It achieves 22 miles per gallon in the city and 28 miles per gallon on the highway. The Grecale comes standard with all-wheel drive. Maserati's SUV features high-quality cabin materials and over 33 inches of display surfaces. Car and Driver praises the Grecale's "sporty yet comfortable ride ." Maserati's small luxury SUV offers an entry point to Maserati ownership for the average American car buyer. Heavily discounted used models are even more affordable, with a fair market value below the average price of new cars. The Grecale's rate of depreciation isn't uncommon in the luxury SUV vehicle class. So, Hertz's current Grecale offerings could be the perfect opportunity to get behind the wheel of one for interested parties.
Yahoo
30-05-2025
- Automotive
- Yahoo
Hertz is selling Maserati SUVs for Toyota RAV4 prices. Here's how many are left
Maserati vehicles are known for stylish exteriors, luxurious interiors, and incredible performance specs. Affordability isn't exactly synonymous with models from the Italian brand. Hertz is offering Maserati's newest SUV model for under $37,000, which is less than a new 2025 Toyota RAV4 Limited. The company is offering some models at extremely discounted rates compared to their actual market value. Is the Grecale worth considering at the prices Hertz is offering? So, why is it surprising that Hertz is selling Maserati Grecale models for under $40,000? The Grecale debuted as a 2023 small luxury SUV with a starting price of a whopping $63,500. While this pricing isn't mind-blowing for a Maserati luxury SUV, it's higher than what average Americans are spending on new cars (around $50,000), according to CNBC. Hertz has 29 Maserati Grecale small luxury SUVs for sale at the time of publishing. The most affordable of these Grecale SUVs starts at just $36,540 with under 29,000 miles according to the company's website. It's a 2023 base model, so it's being sold for slightly under 58% of its original MSRP. That's a depreciation rate of 42% in just a few years with low mileage. Getting a used Maserati Grecale is a great way to enjoy Maserati thrills without paying new Maserati prices. Kelley Blue Book's fair purchase price for a 2023 Maserati Grecale with under 29K miles from a dealer is $38,522. Its typical listing price is $39,222. So, you can score a Maserati Grecale for under market value if Hertz's prices are as advertised when the ink is dry on paperwork. That said, Hertz's Grecale models are located across the country and the company could tack on extra fees to the purchase, so take these prices with a grain of salt and do your own due diligence. At a glance, Hertz is offering the Grecale small luxury SUV for attractive prices, but buyers should still take caution. Kelley Blue Book's typical listing price is a solid benchmark for what the SUV's true market value is. Why has the Grecale depreciated so much in so little time, and is it a good SUV? The 2025 Maserati Grecale starts at $77,900. It uses a 2.0-liter turbocharged four-cylinder engine to produce 325 horsepower and 332 pound-feet of torque. The small luxury SUV accelerates from 0-60 miles per hour in 5.0 seconds. It achieves 22 miles per gallon in the city and 28 miles per gallon on the highway. The Grecale comes standard with all-wheel drive. Maserati's SUV features high-quality cabin materials and over 33 inches of display surfaces. Car and Driver praises the Grecale's "sporty yet comfortable ride ." Maserati's small luxury SUV offers an entry point to Maserati ownership for the average American car buyer. Heavily discounted used models are even more affordable, with a fair market value below the average price of new cars. The Grecale's rate of depreciation isn't uncommon in the luxury SUV vehicle class. So, Hertz's current Grecale offerings could be the perfect opportunity to get behind the wheel of one for interested parties. This article originally appeared on Nashville Tennessean: Maserati SUVs for sale used, under $40,000, from Hertz Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
