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Old 9th May 2025, 10:59   #31
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Re: BluSmart EV ride hailing promoters diverted funds to buy real estate

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Originally Posted by KushEyeingEv View Post
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But...this must mean they'd want to sell off some cars? Can this be an opportunity to get one for a good discount?
Unlikely these will be sold as individual units, if it eventually comes to liquidation of assets - it will mostly be sold en masse or in large tranches. The lenders will not want the headache of dealing with thousands of individuals (even though selling individually will probably give them much better rates).

Refer the failed deal with uber where 5000 vehicles were to be transferred or the more recent deal with Evera (I'd never heard of this operator) for 500 vehicles.
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Old 9th May 2025, 11:18   #32
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Re: BluSmart EV ride hailing promoters diverted funds to buy real estate

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Originally Posted by whitewing View Post
Unlikely these will be sold as individual units, if it eventually comes to liquidation of assets - it will mostly be sold en masse or in large tranches. The lenders will not want the headache of dealing with thousands of individuals (even though selling individually will probably give them much better rates).

Refer the failed deal with uber where 5000 vehicles were to be transferred or the more recent deal with Evera (I'd never heard of this operator) for 500 vehicles.
Ah...there goes my hope of being able to snag one at a good discount
I wish I could, I guess we all here would
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