| Min | Max | |
|---|---|---|
| Investment Target | £100,000 | £250,000 |
Interest Rate
|
8.00% | 8.00% |
| Type of Bond | Secured crowdbond | |
|
Term
|
450 Days | |
| Type of Repayment | Interest Only | |
| Security Information | The crowd bond will be secured by a Chattels Mortgage over defined vehicles within the rental portfolio. | |
| LTV ratio | 80% | |
| Minimum Investment | £100 | |
| Sector | Other | |
| Location | Brightlingsea, United Kingdom | |
| Company Number | 09379766  |
|
| Pitch Launched On | 16/04/2018 | |
| Pitch Closes On | 15/06/2018 | |
| IFISA Eligible | YES - This Secured Loan Note is eligible for inclusion in an IFISA |
|
| FSCS Coverage | No | |
JamJar provides vehicles to customers who want a more flexible option other than purchasing a vehicle for cash or financing one over a 3-5 year period.
JamJar offers a solution to customers who need access to a vehicle for longer than the traditional 28-day rental which is offered by the mainstream Hire Companies.
An untapped marketplace within this sector is specifically marketing to customers who wish to purchase a vehicle on finance but are unable to due to a previous blemish on their credit record. It's an excellent option for customers who do not wish to be locked into a long-term finance contract, but want to change/upgrade their vehicle each year.
We beileve JamJar's model is unique, acquiring vehicles at trade prices through auctions and other trade sources, renting the vehicle for up to a twelve-month period then selling the vehicle via JamJars Retail arm and so negating any bad debt write off at the end of the rental contract.
Our experienced management team have a strong track record within the automotive sector.
In a very short space of time, we expect JamJar will establish itself as a major presence within the UK Car Rental market.
JamJar forecasts that it will have a rental fleet of 1082 vehicles on contract by the end of year one, 2688 by the end of year two and 4895 vehicles by the end of year three. The management team's experience of other "car purchase/finance" businesses indicate that this rate of growth is conservative and balanced.
Security
All investments are secured by way of the Vehicles rented to customers by JamJar. The Loan To Value (LTV) is set at 80% of the "Stand In Value" (SIV) this is the purchase price of the vehicle (which is a trade price), auction, repair, warranty and GPS costs. The total SIV is less than the actual Retail Value of the vehicle.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
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Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
|
|
|
Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
|
|
|
Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
|
|
|
Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
|
|
|
Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
| Min | Max | |
|---|---|---|
| Investment Target | £100,000 | £250,000 |
| Interest Rate
|
8.00% | 8.00% |
| Type of Bond | Secured crowdbond | |
|
Term
|
450 Days | |
| Type of Repayment | Interest Only | |
| Security Information | The crowd bond will be secured by a Chattels Mortgage over defined vehicles within the rental portfolio. | |
| LTV ratio | 80% | |
| Minimum Investment | £100 | |
| Sector | Other | |
| Location | Brightlingsea, United Kingdom | |
| Company Number | 09379766 |
|
| Pitch Launched On | 16/04/2018 | |
| Pitch Closes On | 15/06/2018 | |
| IFISA Eligible | YES - This Secured Loan Note is eligible for inclusion in an IFISA |
|
| FSCS Coverage | No | |
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