X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Tue, 18 Feb 2014 10:52:03 -0500 Message-ID: X-Original-Return-Path: Received: from mail-ig0-f179.google.com ([209.85.213.179] verified) by logan.com (CommuniGate Pro SMTP 6.0.8) with ESMTPS id 6737780 for lml@lancaironline.net; Tue, 18 Feb 2014 10:43:03 -0500 Received-SPF: pass receiver=logan.com; client-ip=209.85.213.179; envelope-from=toddlong1@gmail.com Received: by mail-ig0-f179.google.com with SMTP id c10so7391323igq.0 for ; Tue, 18 Feb 2014 07:42:30 -0800 (PST) X-Received: by 10.50.20.39 with SMTP id k7mr22731853ige.13.1392738150412; Tue, 18 Feb 2014 07:42:30 -0800 (PST) X-Original-Return-Path: Received: from [10.200.81.107] (mobile-198-228-233-134.mycingular.net. [198.228.233.134]) by mx.google.com with ESMTPSA id ai4sm41451756igd.3.2014.02.18.07.42.28 for (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Tue, 18 Feb 2014 07:42:29 -0800 (PST) Subject: Re: [LML] Re: wanted to buy lancair ES References: From: Todd Long Content-Type: multipart/alternative; boundary=Apple-Mail-1F9A6E48-2101-49C3-B16D-AD9A8BA65D6C X-Mailer: iPad Mail (10B329) In-Reply-To: X-Original-Message-Id: X-Original-Date: Tue, 18 Feb 2014 09:42:28 -0600 X-Original-To: Lancair Mailing List Content-Transfer-Encoding: 7bit Mime-Version: 1.0 (1.0) --Apple-Mail-1F9A6E48-2101-49C3-B16D-AD9A8BA65D6C Content-Type: text/plain; charset=windows-1251 Content-Transfer-Encoding: quoted-printable Wingsfinancial credit union. 2.99% financed my ivp. Easy.=20 Sent from my iPad On Feb 18, 2014, at 9:30, "Danny" wrote: > That=92s 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: >=20 > Having troule getting financed for experiemental plane (even though I got a= pproved for $200k on a colubmia 350) > The reason you will have a really hard time getting a loan against a homeb= uilt aircraft is insurance. =20 >=20 > If you are planning to use the the aircraft as a collateral, the lender wi= ll want to protect that collateral by requiring that the aircraft be insured= . All risk hull insurance for a homebuilt aircraft is expensive and unreliab= le. Even if you are able to get insurance this year, there is no reasonable e= xpectation that you will be able to get it next year or a few years from now= .=20 >=20 > Your only hope for financing a homebuilt aircraft is to get a loan against= some other asset or an unsecured loan. >=20 > Regards, >=20 > Hamid > -- > =20 > For archives and unsub http://mail.lancaironline.net:81/lists/lml/List.htm= l --Apple-Mail-1F9A6E48-2101-49C3-B16D-AD9A8BA65D6C Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable

Wingsfinancial credit union. 2.99% fin= anced my ivp. Easy.

Sent from my iPad

On Feb 18, 2= 014, at 9:30, "Danny" <danny@n107sd.c= om> wrote:

That=E2=80=99s not true. Go to A= OPA for homebuilt loans.

Danny
LNC2-360 Mk-II
Nothing is foolproof to the su= fficiently talented fool.
=
From: Hamid Wasti [mailto:hwasti= @lm50.com]
Sent: Tuesday, February 18, 2014 6:47 AM
To:= Lancair Mailing List
Subject: [LML] Re: wanted to buy lancair= ES

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

Having troule g= etting financed for experiemental plane (even though I got approved for $200= k on a colubmia 350)
The reason you will have a really hard time getting a loan against a hom= ebuilt aircraft is insurance.

If you are planning to use the t= he 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 ho= mebuilt aircraft is expensive and unreliable. Even if you are able to get in= surance this year, there is no reasonable expectation that you will be able t= o get it next year or a few years from now.

Your only hope for finan= cing a homebuilt aircraft is to get a loan against some other asset or an un= secured loan.

Regards,

Hamid
--
 
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