Archive for January 26, 2016

How to Finance a Car at Randall Mitsubishi

Finance a Car

Randall Mitsubishi wants to make the car financing process as quick and easy as possible!

 

It’s easy to pick out the perfect car, especially if you already have one in mind, but getting the money for it is a different story. If you’ve never had to finance a car, whether you’re a first time buyer or bought from private parties prior, here’s a quick overview of what the process is like.

If you’re buying from a dealership, a finance department is likely to do all the hard work for you. Preapproved loans take more work and the offers are similar to those you’ll receive when applying through a finance department.

You’ll need to know your employer, expenses, income, rent/mortgage payment, and social security number before you’ll be able to fill out applications. Once they’re filled out and submitted, all you can do is wait.

Lenders will run a credit check that will reveal your credit score and any outstanding debt. Based on that information and your application, they’ll accept or reject you. If they accept, they’ll make a loan offer.

Once you receive loan offers, it’s important to pay special attention to the annual percentage interest rate (APR) and length of the loan as they determine how much interest you pay. Accept the loan that’s right for you!

We have a great finance department here at Randall Mitsubishi! Come down and see us for your next car purchase.

Mitsubishi’s Crossover Lineup Takes the Stage

Mitsubishi's Crossover Lineup

Mitsubishi plans to improve their crossover lineup over the next few years to help reach more customers in North America!

 

Mitsubishi was one of many automakers to feel the wrath of the 2008 recession, but the Japanese automaker is expecting to turn it all around this year. 2007 marked the last year the automaker sold over 100,000 vehicles in the United States. The automaker expects to hit that milestone in 2016 and mark the second year of profit in North America in a row.  To do so, it’s setting most of its focus on a single segment: crossovers.

“We’ve got a laser-like focus on CUVs right now, and we’re certainly committed to this direction,” MMNA vice president of sales Ken Konieczka told The Detroit News. He declined to predict sales up to 2020.

Over the next five years, Mitsubishi expects to improve its entire lineup, centering on its crossover lineup.

Mitsubishi’s crossover lineup isn’t the largest, but it does feature quality vehicles that undergo serious development and improvement year after year. The 2016 Mitsubishi Outlander, for example, comes in with over 100 changes from the previous model.

As for the automaker’s plans, allow us here at Randall Mitsubishi to lay them out for you.

  • 2016: MirageG4 sedan (early summer), redesigned Outlander PHEV (late summer/early fall)
  • 2018: New crossover based off the 2015 eX concept.
  • 2019: Entirely new Outlander
  • 2020: Smaller Outlander Sport

All in all, there will be an addition or extra improvement to the brand’s crossover lineup for four of the next five years. That’s sure to draw eyes and increase sales from around the world, let alone North America!