rs
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Post by rs on Jun 5, 2019 15:11:40 GMT
Looks like a Tesla loan might be on FS later this month! Race car loan?
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rocky1
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Post by rocky1 on Jun 5, 2019 15:13:23 GMT
not one of LB/LENDYs fleet is it?
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benaj
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Post by benaj on Jun 5, 2019 15:17:23 GMT
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cwah
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Post by cwah on Jun 5, 2019 23:35:40 GMT
Yes, it sounds potentially correct at £42.8k valuation but all depends on year of fabrication, specs, mileages, upgrade, etc
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reinvestor
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Post by reinvestor on Jun 6, 2019 13:24:27 GMT
I work in asset finance. Mainly vehicle finance.
Many of the "big" lease companies have pulled Tesla from their lists of manufacturers that they will fund vehicles from.
The reason being, if Tesla go bust, nobody will be able to repair them and values will fall through the floor......
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adrian77
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Post by adrian77 on Jun 6, 2019 13:38:03 GMT
very good point above - also I guess a very limited market as the UK is not exactly plastered with charging points...
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arby
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Post by arby on Jun 6, 2019 13:48:06 GMT
I work in asset finance. Mainly vehicle finance.
Many of the "big" lease companies have pulled Tesla from their lists of manufacturers that they will fund vehicles from.
The reason being, if Tesla go bust, nobody will be able to repair them and values will fall through the floor......
Big lease companies don't get 12% pa interest and have to consider resale in ~4 years time when they come to sell the car. Both of these factors are very different to investors in FS who should consider resale after 9 months (possibly optimistic). Your point is one to consider though even if not directly applicable to an FS proposition
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benaj
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Post by benaj on Jun 6, 2019 14:41:07 GMT
For the record, FS had 2704336139 (35k) repaid for the Merc within 158 days, and recovered 4757132991 (classic car loan 25k, 215 days) very quickly via a private sale.
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song
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Post by song on Jun 6, 2019 14:41:14 GMT
Big lease companies don't get 12% pa interest and have to consider resale in ~4 years time when they come to sell the car. Both of these factors are very different to investors in FS who should consider resale after 9 months (possibly optimistic). Your point is one to consider though even if not directly applicable to an FS proposition Reading on here 4yrs seems very feasible on this site even common maybe. Ha Ha.
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arby
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Post by arby on Jun 6, 2019 14:45:52 GMT
Big lease companies don't get 12% pa interest and have to consider resale in ~4 years time when they come to sell the car. Both of these factors are very different to investors in FS who should consider resale after 9 months (possibly optimistic). Your point is one to consider though even if not directly applicable to an FS proposition Reading on here 4yrs seems very feasible on this site even common maybe. Ha Ha. Yep, I certainly smiled about that when writing, but I'm hoping that car recoveries are much faster than property....
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Post by dan1 on Jun 6, 2019 20:31:58 GMT
I work in asset finance. Mainly vehicle finance.
Many of the "big" lease companies have pulled Tesla from their lists of manufacturers that they will fund vehicles from.
The reason being, if Tesla go bust, nobody will be able to repair them and values will fall through the floor......
Many thanks for sharing reinvestor. Certainly an additional risk to add in to the already volatile mix...
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arby
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Post by arby on Jun 7, 2019 9:05:38 GMT
£30k filled in a few minutes. Anybody want to take a stab at how much will be available on the SM later in the day?  |
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benaj
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Post by benaj on Jun 7, 2019 10:05:14 GMT
Can the admin or the OP amend the title? It's a Tesla Model S, Elon doesn't like D. He prefers S , 3 , X and Y
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p2ploser
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Post by p2ploser on Jun 7, 2019 17:41:52 GMT
£30k filled in a few minutes. Anybody want to take a stab at how much will be available on the SM later in the day? That appears to be the only way to make any real money with this crowd. Risky though if the buyers eventually dry up.
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Post by df on Jun 7, 2019 18:19:44 GMT
£30k filled in a few minutes. Anybody want to take a stab at how much will be available on the SM later in the day? I was late for the party, had to do something else at 10am. Based on recent slow down in pawn filling I thought this loan will stay on "available" shelf for at least 10 minutes. I was wrong. This Tesla loan appeared to be very popular. I hope the outcome won't be disappointing for those who were on time  £3,825 is now available at 0.90-1.00% - I'll pass this one
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£3,825 is now available at 0.90-1.00% - I'll pass this one