IMPORT 45 EEC SCOOTER FROM CHINA
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 25% |
| Lender Rate: | 22% | Borrower: | bambi_house |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-25 | EricsCC ROI: | 21% |
| Status History | |
|---|---|
| Sep 24, 2008 | Current |
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Purpose of loan: This loan will be used to buy 45 EEC SCOOTER FROM CHINA I want to import from China 45 EEC Scooter Motorcycles - Engine Type: 4-Stroke Transmission System: Chain Drive Displacement: 125cc.Max. Speed: 80km/h Fuel Consumption/75miles: 1 Gallon. THANK YOU VERY MUCH for your support in my first listing auction ended at 96% funded. For that reason, I decide to asking you for your wonderful support in this second listing base on the sucessful funding percentage. Thus, I think that be useful and practical for everybody to include all questions and answers from my 1st listing. Finally, I decided to offer you a better interest rate for this listing with the best intention to close my loan in this time. THANK YOU in advance for your wonderful support, GOD BLESS YOU!! Q: What will you do with 45 scooters? -i8well A: I have a sale contract with a regional distributor in Guadalajara, Mexico to supply 15 scooters per month in three months. With the possibility to extend that contract for a two years term. (Sep-05-2008) Q: What are your other monthly expenses? Rent/mortgage, food, utilities, etc. What sort of profit can you expect from each unit? -bellevue406 A: My expenses are: Room?s Rent $ 500, Insurance $ 48, Car expenses $ 180, Utilities $ 120, Phone, cable, internet $ 80, Food, entertainment $ 300, Clothing, household expenses $ 120, Credit cards and other loans $ 192, Other expenses $ 100, My TOTAL Monthly EXPENSES is $1,640. AND my my NET PROFIT margin is 14.5% after taxes in each scooter motorcycle. Thank you for your support!! (Sep-05-2008) Q: Wishing you well in your new venture. Will the motorcycles pass all requirements for use in the US (e.g. safety, noise, emissions)? What will be the retail price, and how will they be serviced? THB -TopHatBlack A: They are EPA, EEC and DOT approved in USA and Mexico. The scooters are for final sale in cash term with a very finance stable distributor in Guadalajara. After that, the distributor company sale my scooters model at $17,000 pesos (around $1,700 dollars) in cash or at 36, 48, 60 months term financing. Also, they have a parts and services department for this scooter and others models at their five stores in Guadalajara. Thanks for your question. (Sep-05-2008) Q: Please explain your revolving credit. -foofightee A: GEMB/Care Credit $1,555 Providian $4,357 Citibank $2,545 HSBC/Costco $857 TOTAL $9,314 (Sep-05-2008) Q: Have you done business with the Mexican distributor before? Do you speak Spanish? What is your level of trust for people receiving and then selling the scooters based on? -IanWest A: I did business with this distributor for 5 years with no problems. They have very strong and stable business in Guadalajara, Mexico. And of course, I speak spanish very well and understand the business mexican culture, too. None risk. Thanks for asking. God bless you. (Sep-08-2008) My financial situation: I am a excellent candidate for this loan because I have more than 19 years with very good credit history. Another reason is my credit obligations are just $192 per month. And my job income is very consistent with $4,850 per month for my long experience in the field of gas saving transportation in Southern California for 12 years. I am almost debt free. This is a very good position in the current financial situation that most of the people live in our love country. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 392039 | IMPORT 45 EEC SCOOTER FROM CHINA | AA | $24,000 @ 18% | Sep 02, 2008 | Withdrawn |
| 392558 | IMPORT 45 EEC SCOOTER FROM CHINA | AA | $24,000 @ 24% | Sep 03, 2008 | Expired |
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