X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Tue, 18 Feb 2014 13:42:03 -0500 Message-ID: X-Original-Return-Path: Received: from mail-ob0-f181.google.com ([209.85.214.181] verified) by logan.com (CommuniGate Pro SMTP 6.0.8) with ESMTPS id 6738179 for lml@lancaironline.net; Tue, 18 Feb 2014 12:57:15 -0500 Received-SPF: pass receiver=logan.com; client-ip=209.85.214.181; envelope-from=joeczabaranek@gmail.com Received: by mail-ob0-f181.google.com with SMTP id va2so18875205obc.40 for ; Tue, 18 Feb 2014 09:56:41 -0800 (PST) X-Received: by 10.60.51.6 with SMTP id g6mr27395496oeo.5.1392746201073; Tue, 18 Feb 2014 09:56:41 -0800 (PST) X-Original-Return-Path: Received: from ?IPv6:2600:100d:b11a:3241:cd6f:e1fc:e48d:9afc? ([2600:100d:b11a:3241:cd6f:e1fc:e48d:9afc]) by mx.google.com with ESMTPSA id qh4sm60648142obc.4.2014.02.18.09.56.37 for (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Tue, 18 Feb 2014 09:56:38 -0800 (PST) Subject: Re: [LML] Re: wanted to buy lancair ES References: From: Joseph Czabaranek Content-Type: multipart/alternative; boundary=Apple-Mail-1EDC9742-B76A-43A4-8EE6-E0B9A4080FA1 X-Mailer: iPhone Mail (10B329) In-Reply-To: X-Original-Message-Id: <9B754A6A-D390-489B-A5B7-843615F062C8@gmail.com> X-Original-Date: Tue, 18 Feb 2014 11:56:36 -0600 X-Original-To: Lancair Mailing List Content-Transfer-Encoding: 7bit Mime-Version: 1.0 (1.0) --Apple-Mail-1EDC9742-B76A-43A4-8EE6-E0B9A4080FA1 Content-Type: text/plain; charset=utf-8 Content-Transfer-Encoding: quoted-printable BofA financed 80% of my 360 at 5.6%, 15yrs. Aircraft as collateral. Joe Czabaranek On Feb 18, 2014, at 9:52 AM, Todd Long wrote: > Wingsfinancial credit union. 2.99% financed my ivp. Easy.=20 >=20 > Sent from my iPad >=20 > On Feb 18, 2014, at 9:30, "Danny" wrote: >=20 >> That=E2=80=99s 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= approved for $200k on a colubmia 350) >> The reason you will have a really hard time getting a loan against a home= built aircraft is insurance. =20 >>=20 >> If you are planning to use the the aircraft as a collateral, the lender w= ill want to protect that collateral by requiring that the aircraft be insure= d. All risk hull insurance for a homebuilt aircraft is expensive and unrelia= ble. 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 n= ow.=20 >>=20 >> Your only hope for financing a homebuilt aircraft is to get a loan agains= t some other asset or an unsecured loan. >>=20 >> Regards, >>=20 >> Hamid >> -- >> =20 >> For archives and unsub http://mail.lancaironline.net:81/lists/lml/List.ht= ml --Apple-Mail-1EDC9742-B76A-43A4-8EE6-E0B9A4080FA1 Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable

BofA financed 80% of my 360 at 5.6%, 1= 5yrs. Aircraft as collateral.

Joe Czabaranek

On Fe= b 18, 2014, at 9:52 AM, Todd Long <toddlong1@gmail.com> wrote:

<= div>
Wingsfinancial credit union. 2.99% financed my ivp. Easy.
Sent from my iPad

On Feb 18, 2014, at 9:30, "Danny" <danny@n107sd.com> 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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