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Discussion Starter #1
I'm looking into partially financing an EV conversion through my credit
union, but their underwriter has no database to support the additional
premium an EV commands over the base ICE vehicle's Kelley Blue Book or
Edmunds.com value.

Is there a good way to establish that value other than digging for sales
history all over the internet? Even then, I don't imagine lenders will be
keen on EVs for several years, but we have to start somewhere.

Lon Hull,
Portland, OR

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Registered
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Discussion Starter #2
I would be surprised if they would finance a conversion at all. You might
find it easier using other financing options. If your credit union does
finance the project, as a vehicle, they are taking on a fairly large risk.
Basically, they would be making a character loan. Many conversions are not
completed, and of those that are, there are many that don't prove practical
as a "real" vehicle.

If I were the loaning institution, I'd be looking at the character, not the
vehicle, in order to make sure I recovered.

----- Original Message -----
From: "Loni" <[email protected]>
To: "Electric Vehicle Discussion List" <[email protected]>;
<[email protected]>
Sent: Friday, September 28, 2007 1:17 PM
Subject: [EVDL] Establishing EV market values for lenders


> I'm looking into partially financing an EV conversion through my credit
> union, but their underwriter has no database to support the additional
> premium an EV commands over the base ICE vehicle's Kelley Blue Book or
> Edmunds.com value.
>
> Is there a good way to establish that value other than digging for sales
> history all over the internet? Even then, I don't imagine lenders will be
> keen on EVs for several years, but we have to start somewhere.
>
> Lon Hull,
> Portland, OR

_______________________________________________
For subscription options, see
http://lists.sjsu.edu/mailman/listinfo/ev
 
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