|
Post by dan1 on Mar 2, 2017 8:39:12 GMT
Cars! what is it with cars at the moment? Zopa are talking about moving into secured lending on cars. Meanwhile, financial commentators are regularly suggesting that dodgy car loans are the next source of financial crisis. I remember reading somewhere that during an economic downturn used car prices actually increase as fewer people opt for new. The same theory won't apply to the luxury used car market though!
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Mar 2, 2017 9:58:58 GMT
Thanks very much for your replies, guys, very useful. I like it for its pawn too, especially as Coll seems to be moving away from this niche. The added bonus here is the provision/trusts. I'd also heard that they were pretty adept at recovering funds of any defaulted items via auctions, so their valuations must be on point. One of my concerns was whether or not their business is actually sustainable, on such low value loans, but as others have said, they do have a decent deal flow, and I read in their last newsletter they're also considering expanding into cars. Think I'll add some more funds, set my autobid and learn to be patient! Cars! what is it with cars at the moment? Zopa are talking about moving into secured lending on cars. Meanwhile, financial commentators are regularly suggesting that dodgy car loans are the next source of financial crisis. Yeah, had seen similar comments too...managed to dig out the piece, here's what they said in a December email...:
Future developments:
We have recently launched sale-advance and point of sale financing loans with our partner auction house. We will be expanding the relationships in the new year. We are also exploring the opportunity to lend against cars and other business assets without taking them in possession. More about the new developments in 2017.
|
|
keystone
Member of DD Central
Posts: 713
Likes: 575
|
Post by keystone on Mar 2, 2017 10:18:55 GMT
.
|
|
|
Post by dan1 on Mar 2, 2017 10:57:47 GMT
Back on topic...
A gold chain and pendant, testing at 9ct gold and weighing 65.79 grams - £387 left
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Mar 4, 2017 10:45:26 GMT
Back on topic... A gold chain and pendant, testing at 9ct gold and weighing 65.79 grams - £387 left Damn, missed it again, and had just topped up too! dan1 you must have a sixth sense for when these small loans appear...! I log on intermittently most days, but I've only ever landed on one !
|
|
littonowl
Member of DD Central
Posts: 398
Likes: 355
|
Post by littonowl on Mar 6, 2017 13:33:54 GMT
..finally got one! There's still £239 available of a French Mantle Clock, by Jacques-Francois Houdin...
|
|
nush
Member of DD Central
Posts: 396
Likes: 113
|
Post by nush on Mar 6, 2017 13:36:40 GMT
thanks just got a bit of this as well
|
|
|
Post by dan1 on Mar 6, 2017 13:47:38 GMT
Back on topic... A gold chain and pendant, testing at 9ct gold and weighing 65.79 grams - £387 left Damn, missed it again, and had just topped up too! dan1 you must have a sixth sense for when these small loans appear...! I log on intermittently most days, but I've only ever landed on one ! You got there before me littonowl ! Thanks. I must have too much time on my hands
|
|
|
Post by dan1 on Mar 7, 2017 11:45:38 GMT
£193 of a gold loan available
|
|
hendragon
Member of DD Central
Posts: 631
Likes: 619
|
Post by hendragon on Mar 8, 2017 9:13:26 GMT
as a newbie to unbolted can I ask if they have regular times for posting new loans?
|
|
n
Member of DD Central
Yet another Nick
Posts: 879
Likes: 461
|
Post by n on Mar 8, 2017 9:18:13 GMT
as a newbie to unbolted can I ask if they have regular times for posting new loans? No. Completely random.
|
|
hantsowl
Member of DD Central
Posts: 671
Likes: 546
|
Post by hantsowl on Mar 8, 2017 16:48:53 GMT
A few hundred pounds of a watch just become available.
|
|
hantsowl
Member of DD Central
Posts: 671
Likes: 546
|
Post by hantsowl on Mar 9, 2017 16:07:59 GMT
A few hundred of another watch available.
|
|
hendragon
Member of DD Central
Posts: 631
Likes: 619
|
Post by hendragon on Mar 9, 2017 16:13:59 GMT
did anyone get this loan on autolend? I logged in by chance and got a slice of it but can't figure out why it wasn't picked up by the autolend function
|
|
hantsowl
Member of DD Central
Posts: 671
Likes: 546
|
Post by hantsowl on Mar 9, 2017 16:18:30 GMT
did anyone get this loan on autolend? I logged in by chance and got a slice of it but can't figure out why it wasn't picked up by the autolend function I don't think that auto-lend is used for items less than about £500. It is just dumped on the buy page.
|
|