2011 Chevrolet Corvette Zr1 Coupe 1489 Miles Black Finance Available 3zr Package on 2040-cars
Las Vegas, Nevada, United States
Body Type:Coupe
Vehicle Title:Clear
Engine:6.2L 376Cu. In. V8 GAS OHV Supercharged
Fuel Type:GAS
For Sale By:Dealer
Make: Chevrolet
Model: Corvette
Trim: ZR1 Coupe 2-Door
Options: Leather Seats
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag, Side Airbags
Drive Type: RWD
Power Options: Air Conditioning, Cruise Control, Power Locks, Power Windows, Power Seats
Mileage: 1,489
Sub Model: Corvette ZR1
Exterior Color: Black
Disability Equipped: No
Interior Color: Black
Number of Doors: 2
Number of Cylinders: 8
Warranty: Vehicle has an existing warranty
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Auto blog
Subprime financing on the rise in new car sales, leasing too
Fri, 07 Dec 2012We all remember the financial crisis that began several years back. At its core was a splurge of subprime lending for housing loans. The housing bubble burst, triggering a collapse of the mortgage-backed securities market. Apparently, those types of loans still exist in the automotive industry, and the market share for these types of "nonprime, subprime, and deep subprime," loans has grown 13.6 percent compared to the third quarter a year ago.
According to an Automotive News report, high-risk lending expanded to 24.8 percent of total loans in Q3, up from 21.9 percent for this time last year. As this level increased, average credit scores of borrowers dropped to 755, down from 763 a year ago. In that time, the average financing amount increased $90 per vehicle, to $25,963.
At 818, Volvo maintains the highest per-owner credit score, while Mitsubishi has the lowest, at 694. The highest rate of borrowers was at Toyota, with 14 percent of the market, followed by Ford with 13.1 percent and Chevrolet at 11.1.
2014 Chevrolet SS makes its live debut
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We'll work on getting some more angles (in better light) today at Daytona International Speedway, but with fans seeing the car for the first time, we don't hold out much luck of getting a clear shot. So for now, enjoy the high-res gallery above.
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