2003 Chevrolet Corvette 2 Dr Vette Convertible 6 Sp Anniversary Mint New Rare on 2040-cars
Brooklyn, New York, United States
Engine:5.7L 350Cu. In. V8 GAS OHV Naturally Aspirated
For Sale By:Dealer
Body Type:Convertible
Fuel Type:GAS
Transmission:Unspecified
Warranty: Vehicle has an existing warranty
Make: Chevrolet
Model: Corvette
Options: CD Player
Trim: Base Convertible 2-Door
Power Options: Power Locks
Drive Type: RWD
Vehicle Inspection: Inspected (include details in your description)
Mileage: 52,800
Number of Doors: 2
Sub Model: 2dr Converti
Exterior Color: Burgundy
Number of Cylinders: 8
Interior Color: Tan
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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.
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Unlike the Mustang, which draws its power from a mid-60s Lotus-Ford Indycar engine, the "TT" in this Camaro's name implies something far more potent. The Nelson Racing Engines 427-cubic-inch V8 has been fitted with a pair of turbochargers, with a claimed output of 1,400 horsepower. That's almost 1,000 more than the Martini Mustang.
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