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Post by dan1 on Aug 3, 2017 14:13:09 GMT
New loan going live at 4pm. Any of you classic car buffs know if the valuation is reasonable given the high LTV?
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Kyrios
Member of DD Central
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Post by Kyrios on Aug 3, 2017 14:38:58 GMT
New loan going live at 4pm. Any of you classic car buffs know if the valuation is reasonable given the high LTV? Not a specialist, but if you believe autotrader, it seems alright as this model seems to be priced between 50 & 70k. They say however that the engine was rebuilt, so I am not sure that would be comparing apple to apple...
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ashtondav
Member of DD Central
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Post by ashtondav on Aug 3, 2017 14:49:52 GMT
Autotrader price would be for a RHD and this is LHD.
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Kyrios
Member of DD Central
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Post by Kyrios on Aug 3, 2017 14:57:24 GMT
Autotrader price would be for a RHD and this is LHD. Absolutely, but since I am French, it's on the right side for me ! 
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DiQ
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Post by DiQ on Aug 3, 2017 15:06:24 GMT
Wheels are too close together
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madpierre
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Post by madpierre on Aug 3, 2017 15:14:26 GMT
Well FS knew it would go quickly as it was a small loan, which is why they only offered 10% for 71% LTV (cheeky!) as they knew they could pocket the change Nevertheless, the valuation should be fine. I gave it miss as I am in the older E-type loan at 12% for 41% LTV and will happily buy that car at the distressed price if it goes into default  |
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sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428
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Post by sqh on Aug 3, 2017 15:17:48 GMT
It's for sale on ebay buy it now £46,000
same owner for the past 40 years
Long time Jaguar club of north america,65,000 miles proven by 40 years of extensive records and receipts
Scored 932.90 out of 1000 in 1995 and near perfect 999,6 in 2010 at the JCNA Concours d Elegance
Dark blue exterior with red interior with matching leather seats and Wilton Wool carpet.
Emgine and Transmission rebuilt at 64,000 miles by Le Sable in Glen Illinois
zenith- strombergs
Power assisted steering,Air con.
New tyres on 15 inch polished wire wheels and NOS centre lock hubs.
Left hand drive with full MOT and UK registration
New running gear,all body panels and gaps are straight and solid
Enrico Nardi steering wheel with Autograph
philips radio
Extensive list of maintenance and work documentation available
I have been using this car as my daily drive since of May 2017 ,starts first time and keeps great oil pressure and fans kick in when required.
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sarahcount
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Post by sarahcount on May 9, 2018 8:45:20 GMT
E-Type renewal tomorrow.
"The convertible roof is in good working order and water tight when raised."
Obviously not quite so water tight if roof not raised.
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mullet
Member of DD Central
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Post by mullet on Dec 20, 2018 15:03:49 GMT
FS have just posted a renewal with increase.
So anyone who signed up for the previous loan at 41.67 LTV and leaves their renew button ticked (not everyone logs in every day to review their renew buttons!) will now have involuntarily signed up for a 60% LTV loan by tomorrow morning.
Bit naughty FS!
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Post by beepbeepimajeep on Dec 20, 2018 15:07:10 GMT
FS have just posted a renewal with increase. So anyone who signed up for the previous loan at 41.67 LTV and leaves their renew button ticked (not everyone logs in every day to review their renew buttons!) will now have involuntarily signed up for a 60% LTV loan by tomorrow morning. Bit naughty FS! They did the same with the endurance boat IIRC. I agree it is naughty of them.
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arby
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Post by arby on Dec 20, 2018 15:07:48 GMT
FS have just posted a renewal with increase. So anyone who signed up for the previous loan at 41.67 LTV and has left their renew button ticked (not everyone logs in every day to review their renew buttons!) will now have involuntarily signed up for a 60% LTV loan by tomorrow morning. Bit naughty FS! I agree that more time should be given, but last time they did something like this they didn't allow renewals and I remember lots of complaints that people had bought loans at a premium on the secondary market and they weren't allowed to renew so they'd ended up not making any money. So, as usual, there's often no way to keep everyone happy. I think the optimum would have been a loan as a secondary charge, but even that can be argued to be bad for the first charge holders as it often seems that a secondary charge reduces the speed at which FS will dispose of an asset if there's any doubt about covering all facilities.
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stev
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Post by stev on Dec 20, 2018 17:29:15 GMT
I thing FS's approach is reasonable in this case as the loan should sell easily on the secondary market, so no one whose loan is rolled over will be stuck with it.
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09dolphin
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Post by 09dolphin on Dec 21, 2018 6:09:50 GMT
I invested a small sum and I don't care if I don't get any return as it evokes so many memories - and those are such happy memories that it's worth the loss. Sorry but I don't have my "investor head" on.
If it defaults I would like to buy it even if it just sits in my garage.
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benaj
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Post by benaj on Dec 21, 2018 6:49:57 GMT
I haven't dipped in this one yet and I fail to understand the reason for this renewal and increase. 2014240573 is live for 42 days and it has been renewed a number of times on FS. Original loan amount is 25k back in 22.5.2015. Total interest received for investors is 9.2k. This renewal and increase is 36k???
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arby
Member of DD Central
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Post by arby on Dec 21, 2018 8:44:32 GMT
I haven't dipped in this one yet and I fail to understand the reason for this renewal and increase. 2014240573 is live for 42 days and it has been renewed a number of times on FS. Original loan amount is 25k back in 22.5.2015. Total interest received for investors is 9.2k. This renewal and increase is 36k??? It's stated in the description that the borrower wants more money and FS felt comfortable that the LTV was such that the asset could support a larger loan.
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