2009 was a year to celebrate for Subaru who reported record sales for one of the toughest economic years the automotive industry experienced. The automaker set the bar high that year but somehow managed to top 2009 sales last year. The Outback and Forester were Subaru’s front runners for 2010 sales with a reported 93,148 and 85,080 units sold, respectively. Back-to-back years of record breaking sales is no easy feat, but if one automaker could do it, it would be Subaru.The Outback is a five-passenger wagon available at your Ft. Lauderdale used cars dealer boasting a powerful performance, distinctive design and a slew of safety features. Endowed with a 2.5-liter 4-cylinder engine, the Outback is good for 170 horsepower which increases to 256 horsepower with the available 3.9-liter 6-cylinder engine. The wagon drives more like a sedan despite its larger body which is most noticeable in the surprisingly respon Cooking Gadgets sive handling. The Outback’s standard all-wheel drive system makes navigating through rough terrain and in poor weather conditions effortless which is ideal for the rainy days Miami residents have to deal with.The wagon’s durable exterior is an indication of its performance and features athletic wheel arches and an aerodynamic roofline. The Outback’s roof rack contributes to the cars sporty appearance and makes carrying extra cargo a breeze. Step inside the Outback and Miami residents will notice ample passenger and cargo space and a long list of standard features. Keyless entry, cruise control, auto on headlights and a trip computer are all features that come standard at your Miami Beach Subaru dealers. Also standard is the power sunroof which is ideal for Florida residents who want their daily dose of sunshine.The Forester was also a contributor to Subaru’s record sales in 2010 and is available at your Ft.
Category: Vehicles
Auto Finance Trends Shift Towards Long Term Auto Loans
Auto finance companies in the U.S. are switching to longer term car loans, in an attempt to downsize their involvement in the leasing business. Longer term auto finance loans have a slower repayment of principal, as well as increase the risk of losses resulting from defaults in payments. Leasing companies in the auto finance industry also have to cushion themselves with reserve funds to make up for possible losses from these car loans. Longer term car loans now stretch as long as7 years or 84 months. GM, Ford and Chrysler LLC, consider long term auto loans as a way of shedding heavy inventories. Soaring fuel prices have caused a catalytic decline in consumer confidence and have hit the fortunes of auto makers, who are now faced with plunging sales especially car finance calculator in the pickup trucks and sport-utility segments. Longer term car loans such as 72 or 84 months, can reduce monthly payments for buyers, putting them on par with payments under leasing agreements. However long term car financing heightens the risk factor of defaults, as the unpaid principal would be higher than that of a short-term loan. Auto financing companies need to factor the loss perspective into the prices charged to customers who avail such loans. Approximately 20% of U.S. auto sales are conducted by leasing companies, who offer lower monthly payments on vehicles. However under today?s credit crunch, leasing has lost its lucrative edge amid dipping resale values. You can visit 5minuteautoloan.com for more auto finance tips and latest automotive news.
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