r1200gs
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Post by r1200gs on Mar 3, 2017 14:23:44 GMT
"The car is coming to our store directly from a main Bentley dealer". I would suspect a cash flow issue.
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Post by bracknellboy on Mar 3, 2017 14:27:30 GMT
Who said the really wealthy had taste - gold plated taps anyone??  Some of the wealthiest are young premier league football players: so I have no idea who would have thought that would be true.
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mikes1531
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Post by mikes1531 on Mar 3, 2017 17:27:34 GMT
I haven't figured out why the borrower is borrowing from FS. If it's a buyer, why buy a car and then not use it for 6 months while it depreciates? And couldn't they get an ordinary auto loan a lot cheaper?
If it's the dealer needing to finance their inventory, surely they can do better than FS rates via the manufacturer. And what's the point of having a car in inventory if you can't show it to potential buyers?
I'd consider it if FS had an agreed purchase agreement for six months from now, but not without one. The Cadillac had one and it still took three months after the loan matured before we got our money back. Without one, I can envision it taking longer, and I'm not convinced a year-old model would bring in enough at auction to return all the capital and accrued interest/fees.
One possible clue to why someone would buy one now and put it into storage might be this, from a Sep.'15 news item...
I haven't a clue whether the waiting list is still as long.
Then again, if it is long and your order was coming to the top of the list before you were prepared to take delivery, I'd have thought you could sell your position to someone else further down in the list and walk away with a packet.
Meanwhile, this loan doesn't seem to have received an overly enthusiastic response. Even with no bidding restrictions, it still has £57k available (64% funded) at 1725.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
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Post by ozboy on Mar 4, 2017 13:59:59 GMT
The Panoz isn't over popular either, not that I'm surprised. It's quite specialised with a very limited market if it Defaults I'd have thought..
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mikes1531
Member of DD Central
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Post by mikes1531 on Mar 4, 2017 15:33:52 GMT
The Panoz isn't over popular either, not that I'm surprised. It's quite specialised with a very limited market if it Defaults I'd have thought.. The Panoz is now fully funded. (The Bentley is at 76%.) Does anyone know if the Panoz could be driven on public roads legally if it's currently set up for racing?
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SteveT
Member of DD Central
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Post by SteveT on Mar 6, 2017 15:22:06 GMT
The Panoz isn't over popular either, not that I'm surprised. It's quite specialised with a very limited market if it Defaults I'd have thought.. The Panoz is now fully funded. (The Bentley is at 76%.) Does anyone know if the Panoz could be driven on public roads legally if it's currently set up for racing? I'm assuming it's the same one that has just been repaid on MT! p2pindependentforum.com/post/173417/thread
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
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Post by ozboy on Mar 6, 2017 18:11:37 GMT
Jesus, that Bentley IS ugly.
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Post by savgeax on Mar 10, 2017 11:54:57 GMT
The Panoz isn't over popular either, not that I'm surprised. It's quite specialised with a very limited market if it Defaults I'd have thought.. The Panoz is now fully funded. (The Bentley is at 76%.) Does anyone know if the Panoz could be driven on public roads legally if it's currently set up for racing? Panoz won't be road legal as it does not have things like indicators.
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Post by resiak on May 12, 2017 10:43:31 GMT
This one was one of my favourite loans in my FS portfolio but somehow has been already repaid today!
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rs
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Post by rs on Jun 2, 2017 20:21:24 GMT
This one was one of my favourite loans in my FS portfolio but somehow has been already repaid today! bently bentayga on fs earlier today, a 1 yr old bentayga can be worth about £170k so seems odd that there are no valuations attached to the fs posting.
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rs
Member of DD Central
Posts: 467
Likes: 254
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Post by rs on Jun 2, 2017 20:21:59 GMT
This one was one of my favourite loans in my FS portfolio but somehow has been already repaid today! bently bentayga on fs earlier today, a 1 yr old bentayga can be worth about £170k so seems odd that there are no valuations attached to the fs posting. loan is for about £170k......!
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Post by resiak on Jun 3, 2017 10:36:00 GMT
bently bentayga on fs earlier today, a 1 yr old bentayga can be worth about £170k so seems odd that there are no valuations attached to the fs posting. loan is for about £170k......! The current loan is for 154k. The previous loan was for 160k, the difference is "to reflect the fact that it is 3 months old" (quoting FS website).
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rs
Member of DD Central
Posts: 467
Likes: 254
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Post by rs on Jun 3, 2017 10:40:24 GMT
loan is for about £170k......! The current loan is for 154k. The previous loan was for 160k, the difference is "to reflect the fact that it is 3 months old" (quoting FS website). thanx resiak
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Post by angrykittens on Jun 13, 2017 10:58:20 GMT
There's a worse place to put £50 for 11 days I guess...
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c88dnf
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Post by c88dnf on Jun 13, 2017 12:47:00 GMT
There's a worse place to put £50 for 11 days I guess... Yup - a small bit of tax-free interest received gratefully into by IFISA. On the negative side, I no longer part-own a Bentley.
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