Hybrid Car Loans - Update

It is a while since we have reported on our consumer finance for the purchasers of the Clean Green Car Company's hybrid vehicles. We started offering car finance for hybrids in early 2006 and our experience since then has borne out our positive expectations.

We offer a simple stream-lined finance application process for smaller loan amounts of $5,000 - $30,000. Our experience of financing other eco-products as well as hybrid cars over recent years is that the risk profile for ‘eco-consumers' appears to be better than average. Consequently, we are able to work on a lower risk margin on these loans and offer a competitive loan rate for CGCC's customers.

Over the year to June 2008 we have provided loans to 32 purchasers of hybrid vehicles, a total of around $600,000. The vehicles purchased ranged in price from $13,000 - $30,000. We have received a number of very positive comments about the performance, fuel economy and cost savings that clients have experienced since purchasing their hybrid car.

For more information about the Clean Green Car Company and hybrid vehicles go to www.hybridcars.co.nz