wanted to buy lancair ES

Submitted by Anonymous on

Forums: 

From: Dr. Jamie Fettig DC <jamiefettig [at] gmail.com>
Sender: <marv [at] lancaironline.net>
Subject: wanted to buy lancair ES
Date: Mon, 17 Feb 2014 16:18:25 -0500
To: <lml [at] lancaironline.net>

Hello

 

I am looking for an older, inexpensive ES for sale

does anyone know of someone that has one for sale?

 

would prefer the smaller 210 hp engine - as it should be cheaper

and older simple avionics, as it should be cheaper.

 

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

but cannot do what I want to a columbia.

 

Or, if someone knows of a nicer lancair reasonable priced, that the owner will finance with like 1/3 down

for qualifed applicant, let me know.

 

Jamie

773-620-9500

 

wanted to buy lancair ES

Submitted by Anonymous on

From: Hamid Wasti <hwasti [at] lm50.com>
Subject: Re: [LML] wanted to buy lancair ES
Date: Tue, 18 Feb 2014 03:46:50 -0800
To: Lancair Mailing List <lml [at] lancaironline.net>
Message Header


Undecoded Message

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

list-6736740 [at] logan.com" rel="noopener" type="cite">

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. 



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.



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



Regards,



Hamid

wanted to buy lancair ES

Submitted by Anonymous on

From: Danny <danny [at] n107sd.com>
Sender: <marv [at] lancaironline.net>
Subject: RE: [LML] Re: wanted to buy lancair ES
Date: Tue, 18 Feb 2014 10:30:05 -0500
To: <lml [at] lancaironline.net>
Message Header


Undecoded Message

That’s not true.  Go to AOPA for homebuilt loans.

 

Danny

LNC2-360 Mk-II

Nothing is foolproof to the sufficiently talented fool.

 

From: Hamid Wasti [hwasti [at] lm50.com]">mailto:hwasti [at] 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 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. 

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.

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

wanted to buy lancair ES

Submitted by Anonymous on

From: Skip Slater <skipslater [at] verizon.net>
Sender: <marv [at] lancaironline.net>
Subject: Re: [LML] Re: wanted to buy lancair ES
Date: Tue, 18 Feb 2014 10:51:50 -0500
To: <lml [at] lancaironline.net>
Message Header


Undecoded Message
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 [at] n107sd.com (Danny)

Sent: Tuesday, February 18, 2014 7:30 AM
To: lml [at] lancaironline.net
Subject: [LML] Re: wanted to buy lancair ES

That’s
not true.  Go to AOPA for homebuilt loans.

 

Danny

LNC2-360
Mk-II

Nothing
is foolproof to the sufficiently talented fool.

 

From:
Hamid Wasti [hwasti [at] lm50.com]">mailto:hwasti [at] 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
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. 

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.

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

wanted to buy lancair ES

Submitted by Anonymous on

From: Todd Long <toddlong1 [at] gmail.com>
Sender: <marv [at] lancaironline.net>
Subject: Re: [LML] Re: wanted to buy lancair ES
Date: Tue, 18 Feb 2014 10:52:03 -0500
To: <lml [at] lancaironline.net>
Message Header


Undecoded Message
Wingsfinancial credit union. 2.99% financed my ivp. Easy. 

Sent from my iPad

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

> wrote:

That’s not true.  Go to AOPA for homebuilt loans.

 

Danny

LNC2-360 Mk-II

Nothing is foolproof to the sufficiently talented fool.

 

From: Hamid Wasti [hwasti [at] lm50.com (mailto:)

]
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 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. 

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.

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

wanted to buy lancair ES

Submitted by Anonymous on

From: Joseph Czabaranek <joeczabaranek [at] gmail.com>
Sender: <marv [at] lancaironline.net>
Subject: Re: [LML] Re: wanted to buy lancair ES
Date: Tue, 18 Feb 2014 13:42:03 -0500
To: <lml [at] lancaironline.net>
Message Header


Undecoded Message
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 <toddlong1 [at] gmail.com

> wrote:

Wingsfinancial credit union. 2.99% financed my ivp. Easy. 

Sent from my iPad

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

> wrote:

That’s not true.  Go to AOPA for homebuilt loans.

 

Danny

LNC2-360 Mk-II

Nothing is foolproof to the sufficiently talented fool.

 

From: Hamid Wasti [hwasti [at] lm50.com (mailto:)

]
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 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. 

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.

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

wanted to buy lancair ES

Submitted by Anonymous on

From: Todd Long <toddlong1 [at] gmail.com>
Sender: <marv [at] lancaironline.net>
Subject: Re: [LML] Re: wanted to buy lancair ES
Date: Wed, 19 Feb 2014 07:58:54 -0500
To: <lml [at] lancaironline.net>
Message Header


Undecoded Message
Wings financial used to be northwest airlines credit union. So they do a lot of aircraft. But you do not need to work for the airline anymore to join. Looked today. Rate still 2.99. Same as 2 years ago. And .25% discount for auto pay. 

Sent from my iPhone

On Feb 18, 2014, at 12:42, Joseph Czabaranek <joeczabaranek [at] gmail.com

> wrote:

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 <toddlong1 [at] gmail.com

> wrote:

Wingsfinancial credit union. 2.99% financed my ivp. Easy. 

Sent from my iPad

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

> wrote:

That’s not true.  Go to AOPA for homebuilt loans.

 

Danny

LNC2-360 Mk-II

Nothing is foolproof to the sufficiently talented fool.

 

From: Hamid Wasti [hwasti [at] lm50.com (mailto:)

]
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 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. 

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.

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

wanted to buy lancair ES

Submitted by Anonymous on

From: Lancair-ESP <lancair-esp [at] ustek.com>
Sender: <marv [at] lancaironline.net>
Subject: RE: [LML] wanted to buy lancair ES
Date: Wed, 19 Feb 2014 08:03:41 -0500
To: <lml [at] lancaironline.net>
Message Header


Undecoded Message

Trouble getting a loan?  Not really – indeed not at all!

 

I secured a business loan for my company based solely on my Lancair ES-P. 

The “used aircraft” value at the time was $375,000. I had the hull insurance at $300k and that was the line granted by the lender. 

Never had a problem renewing insurance and Skysmith shopped to ensure my rates stayed reasonable.

 

Robert Simon

Lancair ES-P N301ES

 

From: Hamid Wasti [hwasti [at] lm50.com (mailto:)

]


Sent: Tuesday, February 18, 2014 6:47 AM

To: Lancair Mailing List

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

 

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. 




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.




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



Regards,



Hamid

wanted to buy lancair ES

Submitted by Anonymous on

From: Colyn Case <colyncase [at] earthlink.net>
Subject: Re: [LML] Re: wanted to buy lancair ES
Date: Thu, 20 Feb 2014 12:06:17 -0500
To: Lancair Mailing List <lml [at] lancaironline.net>
Message Header


Undecoded Message

Anyone know the difference in insurance cost between an ES and an ESP?


On Feb 18, 2014, at 10:51 AM, Skip Slater wrote:



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 [at] n107sd.com (Danny)

Sent: Tuesday, February 18, 2014 7:30 AM
To: lml [at] lancaironline.net
Subject: [LML] Re: wanted to buy lancair ES

That’s not true.  Go to AOPA for homebuilt loans.

 

Danny

LNC2-360 Mk-II

Nothing is foolproof to the sufficiently talented fool.

 

From: Hamid Wasti [hwasti [at] lm50.com]">mailto:hwasti [at] 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 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.  

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. 

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