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[EVDL] Financing EV's was: Establishing EV market values for lenders

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Stay Charged!
I-5, Blossvale NY

> -----Original Message-----
> From: [email protected] [mailto:[email protected]] On
> Behalf Of Michael Perry
> Sent: Saturday, September 29, 2007 12:21 AM
> To: Electric Vehicle Discussion List
> Subject: Re: [EVDL] Establishing EV market values for lenders
> 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 ---

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