Hitachi Capital

[Somecamel]

Eugensa are offering solar loans over ten years through Hitachi Capital-

A good idea me thinks.

Solar panels loan raises roof for households | Money | The Guardian

 

[Gavin A]

7.9%?

that sounds pretty high to me for a home owner with decent credit rating.


eta also how on earth did they get a guardian article about that? I'm sure loads of companies have been offering unsecured loans for solar at better rates than that for ages.

 

[Somecamel]

As long as it is below the Magic 10% ROI that a system should produce per annum I don't think it matters but agree people can always go elsewhere for the loan.

I think it's more about bundling it all in the package, the customer doesn't have to 'bother' then about arranging the finance etc.

I would imagine there is some commission for the installer as well

 

[Worcester]

Hitachi Capital have been big in the personal loans for a few years now, the downside is that any problems, and they come back on the provider big time, usually the money is paid to the provider / instalelr not the home owner, and they can be *****ers on witholding payments if everything isn't 110%. They will also keep a rentention.

I can pretty much gaurantee that Engensa's directors with either have priovided personal gaurantees to Hitachi, or esle they will have a bond on deposit for performance. I guess they are looking for any way they can to stimulate business. At 7.9% tax paid, plus the capital to pay off it would be interesting to see the numbers stack up..

 

[Eco Deal]

I called hitachi today !!!

they said call SHARP

and speak to them its via sharp the finance is offerd!!!

SO you got to buy sharp panels I guess.

 

[whinmoor]

I had some guy from Sharp phoning me yesterday telling me to buy from their new Web-shop. They also wanted us to go to some workshops in Wrexham.

 

[Eco Deal]

Does any body offer finance to customers?

has any gone via Zoopla ????

it would open a new market for us guys I guess what do you guys think ?

 

[Eco Deal]

I sorted this out now thanks for all your advice !!!!!NOT lol

 

[Somecamel]

I don't offer finance but would like to

 

[SRE]

We've been asked once in 2 years for finance but I do have the feeling that once Green Deal kicks off it's going to be common sense to have a financial package - I'm just worried about the FSA implications - I don't want more paperwork.

 

[dansk]

have you looked at the price of CCL lately?

 

[Eco Deal]

bout 1500 aint it ?

 

[dansk]

yep, royal rip off, it used to be about 500 then you need an agent to set you up with all.

 

[SRE]

Ccl????

 

[Somecamel]

Consumer Credit Licence

 

[SRE]

Good God when we had one 10 years ago it was about £100! Won't be going down that route then!

 

[Somecamel]

I've just spoken to Sharp about this Finance Package, looking at 7.9% etc, will need a CCL to offer it, they supply all the kit etc, money is paid to them then they pay you.

You also have to do a training course down in Wrexham.

If anyone is interested the guy you need to speak to is 07808 479133- Andy Watts.

 

[Eco Deal]

sounds rubbish system I sent him a email hes just reply