Wednesday, October 1st, 2008
Through the years, car manufacturers have been developing high performance classic cars for sale to add to their lineup. These are given different badges to indicate that these are designed for high speeds and can even perform well on race tracks. Volvo is one of these car makers which offer a high performance version of their standard models. In Volvo’s case, they assigned an R for these high performance track and road cars. Sadly though, Volvo announced that they will no longer be producing these astounding R cars.
Volvo’s stint in the high performance specially-badged vehicle market started in 1995 and that has been12 years ago. The R first came into being with the 850 T-5R. Just like any Volvo during that time, the first R car is boxy but it offers a high power output thus making it faster than any Volvo during that time. The first R car provides a high performance that Volvo even entered the 850 T-5R in the British Touring Car Championship. While the said R car did not achieve to get the championship at the BTCC, it marks the start of Volvo’s reputation of being capable of producing track-worthy vehicles.
In 1998, the Volvo S40 R driven by Rickard Rydell won the cup cementing Volvo’s car name as one of Europe’s top car brands.
But before the S40 R’s win, the 850 R came into being. It followed the 850 T-5R as the second Volvo R car. The 850 R is made more aerodynamic than its predecessor and was made even faster. Other models which have been offered with the R badge include the Volvo S60 and the Volvo V70.
While the engines of these vehicles are smaller than the competition, Volvo made use of turbocharging to increase the power output of their R cars. For example, the current S60 and the V70 are equipped with smaller engines compared to BMW’s M3 or Audi’s car but with the high-pressure turbocharger it is equipped with produces 300 horsepower. While these R cars from Volvo offer high performance, they also give comfort to consumers. The comfortable seats can keep a passenger relaxed even on extended trips.
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Wednesday, October 1st, 2008
Lease and Repos for Commercial Trucks and Construction Equipment. Start Ups and Seasonsed Businesses In today‘s unstable economy, the start up and seasoned business has an unique opportunity to acquire an attractive deal for off leases and repos for commercial trucks and construction equipment. Due to a contracting economy, many lenders have excess inventories on their books that they need to put them back on the street. These in-house inventories are non income producing, therefore this puts pressure on the lender to make a deal with the consumer.
These deals can be found in the price, the financing or a combination of both. An off lease commercial vehicle and/or construction equipment has been returned to the lender as the lease has expired. The lessee has made a decision to return the item in lieu of exercising the buyout option. A repos has arisen due to a default of the lessee for non payment terms or a violation of the terms of the lease. Either way, the lender has taken these trucks and/or equipment back or now must recondition the items and either sell these items or re-lease them. The lender will either advertise their inventory through their internal sales force or outside professionals such as brokers to move their inventories as quick as possible.
Sometimes as these inventories either sit or whatever reason isn‘t moving, the lender may put these items up for auction. For this article, the type of items we are going to identify as potential deals for the customer is the following: Dump trucks, flatbed trucks, grapple and landscape trucks, fuel and lube trucks, bucket and boom trucks, over the road and day cabs, water trucks, tow trucks, box vans and straight trucks, dry van and reefer trailers, end and bottom dump trailers, flatbed trailers, backhoes, bulldozers, crawler tractors, forestry equipment, excavators, forklifts, and other type loaders. A list to Builders may include Preterit, Ken worth, Mack, International, Freightliner, Ford, Volvo, Western Star, John Deere, Case, Caterpillar, Kobe co, Great Dane, Miller, East, Warren, Dragon, Clement, etc Some of the ways the startup and/or seasoned business can locate these deals are through trade publications, surfing internet search engines, contacting lease brokers for information and speaking to lenders directly.
Some of the lenders in the market have advertised personal credit qualifications as low as 575, prior bankruptcy rules amended or ignored and start ups are welcome. Additionally, the front money to commence the lease can start as low as first payment to whatever you might able to negotiate. Some of the lenders have application only programs up to $250,000. There are no financial statements, income tax returns or bank statements required. In conclusion, this is a buyers market for commercial trucks, trailers, and construction equipment. Check out all the deals in the market and make sure that you have a stable income base to assume whatever debt that you may occur. Make sure you understand the buyout clauses which may be $1.00, 10%, 20% fair market value or whatever the lease stipulates.
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