archie
Posts: 1,838 
Likes: 1,842
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Post by archie on Jul 11, 2016 14:37:25 GMT
Is this renewing tomorrow?
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Post by MoneyThing on Jul 11, 2016 14:43:32 GMT
Is this renewing tomorrow? It is and it is listed on pending (for 1 month term whilst we finalise the new facility). The final loan & security agreements with respect to the mentioned new facility has gone to the borrowers' solicitors for final review so not long now. Regards, Ed
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archie
Posts: 1,838
Likes: 1,842
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Post by archie on Jul 11, 2016 14:46:23 GMT
Is this renewing tomorrow? It is and it is listed on pending (for 1 month term whilst we finalise the new facility). The final loan & security agreements with respect to the mentioned new facility has gone to the borrowers' solicitors for final review so not long now. Regards, Ed It's not listed on pending. 
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Post by MoneyThing on Jul 11, 2016 14:55:23 GMT
It is and it is listed on pending (for 1 month term whilst we finalise the new facility). The final loan & security agreements with respect to the mentioned new facility has gone to the borrowers' solicitors for final review so not long now. Regards, Ed It's not listed on pending. Apologies - just looking into this now...
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Post by MoneyThing on Jul 11, 2016 15:16:51 GMT
It's not listed on pending. Apologies - just looking into this now... Back up now. Regards, Ed.
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jamesc
Member of DD Central
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Post by jamesc on Jul 11, 2016 15:49:37 GMT
If you already have a holding in this loan can you still bid for an additional £100 tomorrow if anyone does not roll over ?
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Post by MoneyThing on Jul 11, 2016 16:05:59 GMT
If you already have a holding in this loan can you still bid for an additional £100 tomorrow if anyone does not roll over ? Yes you can. Regards, Ed.
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paulg
Member of DD Central
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Post by paulg on Jul 12, 2016 10:15:38 GMT
MoneyThingEd, I know nothing about the second-hand car market but it seems odd to me that neither this car nor any of the other five cars MTAC469-MTAC473 have sold in 6 months. Any reassuring comments?
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Post by MoneyThing on Jul 12, 2016 10:31:35 GMT
MoneyThing Ed, I know nothing about the second-hand car market but it seems odd to me that neither this car nor any of the other five cars MTAC469-MTAC473 have sold in 6 months. Any reassuring comments? Acknowledged. These cars have been off the market for loan term to be used as security for the existing facility. In the meantime, the company has used these as demo cars to sell a number of similar models and also used as company staff cars. As soon as the new facility is in place, these cars will be put back on the market as trade stock to sell. Kind regards, Ed.
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Post by trentenders on Jul 12, 2016 11:57:14 GMT
MoneyThing Ed, I know nothing about the second-hand car market but it seems odd to me that neither this car nor any of the other five cars MTAC469-MTAC473 have sold in 6 months. Any reassuring comments? Acknowledged. These cars have been off the market for loan term to be used as security for the existing facility. In the meantime, the company has used these as demo cars to sell a number of similar models and also used as company staff cars. As soon as the new facility is in place, these cars will be put back on the market as trade stock to sell. Kind regards, Ed.
MoneyThing - Ed, do you update (reduce) the vehicle values shown, to reflect them being 6 months older and in a more used state than when the load was first arranged? If not, where do you estimate the current LTV%?
Thanks in advance.
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Post by MoneyThing on Jul 12, 2016 12:17:25 GMT
Acknowledged. These cars have been off the market for loan term to be used as security for the existing facility. In the meantime, the company has used these as demo cars to sell a number of similar models and also used as company staff cars. As soon as the new facility is in place, these cars will be put back on the market as trade stock to sell. Kind regards, Ed.
MoneyThing - Ed, do you update (reduce) the vehicle values shown, to reflect them being 6 months older and in a more used state than when the load was first arranged? If not, where do you estimate the current LTV%?
Thanks in advance.
To be fair, we should have adjusted the LTV's by approx. 5% higher on average over the 6 month term. (Average of the 6 cars being 2013 models and therefore into their 3rd year of depreciation at approx. 10% from 2nd year (therefore halved to 5% for 6 month duration). Regards, Ed.
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gurberly
Member of DD Central
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Post by gurberly on Jul 12, 2016 17:59:52 GMT
Well that did prompt me to go and look see how much a new Range Rover Sport would cost .... wow!
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