X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Tue, 18 Feb 2014 10:51:50 -0500 Message-ID: X-Original-Return-Path: Received: from vms173017pub.verizon.net ([206.46.173.17] verified) by logan.com (CommuniGate Pro SMTP 6.0.8) with ESMTP id 6737773 for lml@lancaironline.net; Tue, 18 Feb 2014 10:40:22 -0500 Received-SPF: pass receiver=logan.com; client-ip=206.46.173.17; envelope-from=skipslater@verizon.net Received: from SkipPC ([unknown] [72.87.131.98]) by vms173017.mailsrvcs.net (Sun Java(tm) System Messaging Server 7u2-7.02 32bit (built Apr 16 2009)) with ESMTPA id <0N17004UK7IDMMB0@vms173017.mailsrvcs.net> for lml@lancaironline.net; Tue, 18 Feb 2014 09:39:50 -0600 (CST) X-Original-Message-id: <9DAE04581C9940968108AD5C2C145A56@SkipPC> From: "Skip Slater" X-Original-To: "Lancair Mailing List" References: In-reply-to: Subject: Re: [LML] Re: wanted to buy lancair ES X-Original-Date: Tue, 18 Feb 2014 07:39:04 -0800 MIME-version: 1.0 Content-type: multipart/alternative; boundary="----=_NextPart_000_0015_01CF2C7C.7FDA8D30" X-Priority: 3 X-MSMail-priority: Normal Importance: Normal X-Mailer: Microsoft Windows Live Mail 14.0.8089.726 X-MIMEOLE: Produced By Microsoft MimeOLE V14.0.8089.726 This is a multi-part message in MIME format. ------=_NextPart_000_0015_01CF2C7C.7FDA8D30 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable I've been flying my ES for 12 years and have never had a problem getting = or renewing my hull insurance. The ES has a comparatively stellar = safety record to the IV's and Legacy, so in addition to insurability, = the rates are pretty reasonable. Skip Slater N540ES From: Danny=20 Sent: Tuesday, February 18, 2014 7:30 AM To: lml@lancaironline.net=20 Subject: [LML] Re: wanted to buy lancair ES That's not true. Go to AOPA for homebuilt loans. =20 Danny LNC2-360 Mk-II Nothing is foolproof to the sufficiently talented fool. =20 From: Hamid Wasti [mailto:hwasti@lm50.com]=20 Sent: Tuesday, February 18, 2014 6:47 AM To: Lancair Mailing List Subject: [LML] Re: wanted to buy lancair ES =20 On 2/17/2014 1:18 PM, Dr. Jamie Fettig DC wrote: Having troule getting financed for experiemental plane (even though I = got approved for $200k on a colubmia 350) The reason you will have a really hard time getting a loan against a = homebuilt aircraft is insurance. =20 If you are planning to use the the aircraft as a collateral, the = lender will want to protect that collateral by requiring that the = aircraft be insured. All risk hull insurance for a homebuilt aircraft is = expensive and unreliable. Even if you are able to get insurance this = year, there is no reasonable expectation that you will be able to get it = next year or a few years from now.=20 Your only hope for financing a homebuilt aircraft is to get a loan = against some other asset or an unsecured loan. Regards, Hamid -- For archives and unsub = http://mail.lancaironline.net:81/lists/lml/List.html ------=_NextPart_000_0015_01CF2C7C.7FDA8D30 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

I've been flying my ES for 12 years and = have never=20 had a problem getting or renewing my hull insurance. The ES has a=20 comparatively stellar safety record to the IV's and Legacy, so in = addition to=20 insurability, the rates are pretty reasonable.

Skip Slater

N540ES

From: Danny

Sent: Tuesday, February 18, 2014 7:30 AM

To: lml@lancaironline.net

Subject: [LML] Re: wanted to buy lancair ES

That=92s=20 not true. Go to AOPA for homebuilt loans.

Danny

LNC2-360=20 Mk-II

Nothing=20 is foolproof to the sufficiently talented = fool.

From:=20 Hamid Wasti [mailto:hwasti@lm50.com]
Sent: Tuesday, = February 18,=20 2014 6:47 AM
To: Lancair Mailing List
Subject: = [LML] Re:=20 wanted to buy lancair ES

On 2/17/2014 1:18 PM, Dr. Jamie Fettig DC=20 wrote:

Having troule=20 getting financed for experiemental plane (even though I got approved = for $200k=20 on a colubmia 350)

The = reason you=20 will have a really hard time getting a loan against a homebuilt = aircraft is=20 insurance.

If you are planning to use the the aircraft = as a=20 collateral, the lender will want to protect that collateral by = requiring that=20 the aircraft be insured. All risk hull insurance for a homebuilt = aircraft is=20 expensive and unreliable. Even if you are able to get insurance this = year,=20 there is no reasonable expectation that you will be able to get it = next year=20 or a few years from now.

Your only hope for financing a = homebuilt=20 aircraft is to get a loan against some other asset or an unsecured=20 loan.

Regards,

Hamid

--

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