If you are out shopping for a new vehicle, would you opt for a loan that stretches for 66 months? Many are according to Experian Automotive. In fact, the average loan lasts 66 months for the first time according to the company. And the number of loans lasting 73 to 84 months is on the rise. In the first quarter, the average monthly payment reached its highest point on record at $474.
BMW has released details of its 2015 X6 “Sports Activity Coupe” including the first rear-wheel drive model in the lineup. It will be powered by a turbo inline six good for 300 horsepower. The X5 is produced at the BMW plant in Spartanburg, South Carolina and will arrive in showrooms later this year. Pricing has not been announced.
Subaru’s 2015 Outback model will carrying a starting price of $24,895, an increase of about $500 but Suby said that includes more standard equipment. Chief among them is a new and needed infotainment system. The Outback Premium model will start at $26,995.
The International Maserati gathering celebrating the firm’s 100th anniversary will begin in Modena September 18th and end in Turin on the 20th. It was way back in 1914 that three brothers opened the first car repair workshop in the basement of a building in Bologna that eventually led to the Maserati. The celebration will include visits to some well-known tracks, sumptuous dinners and a tour of Maserati manufacturing plants. Pictured is the Maserati Alfieri concept car.