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Buy2Let Cars 11% returns

Any other investment discussions eg. peer to peer lending
robbelg
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Buy2Let Cars 11% returns

#145565

Postby robbelg » June 14th, 2018, 10:36 am

Currently advertising on TV Buy2Let Cars are offering returns of up to 11%

https://www.buy2letcars.com/

I'm NOT rushing to invest


Rob

Alaric
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Re: Buy2Let Cars 11% returns

#145576

Postby Alaric » June 14th, 2018, 11:08 am

robbelg wrote:I'm NOT rushing to invest


There's no pooling of risk, so you are at risk to the individual borrowers you finance. Buy2Letcars will pick up shortfalls to 85%, but only out of their resources.

I assume it's a legitimate operation and not just a pyramid scheme as some other leasing schemes have alleged to have been.

Raptor
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Re: Buy2Let Cars 11% returns

#145608

Postby Raptor » June 14th, 2018, 1:43 pm

Moderator Message:
Do not see how this fits with the guidelines for this forum. Moving from HYP SHares and Strategies. Raptor.

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Re: Buy2Let Cars 11% returns

#164606

Postby GentlemansFamily » September 6th, 2018, 11:35 am

heavily advertised to older media users (print is where I've seen it).
A recipe for disaster I would suggest - and I'm not tempted by the 11% promise

Hariseldon58
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Re: Buy2Let Cars 11% returns

#165373

Postby Hariseldon58 » September 9th, 2018, 7:26 pm

The cost of leasing a car is around double that from a regular car leasing site , ie clients will have poor credit history.

This is likely to be a very high risk investment.....

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Re: Buy2Let Cars 11% returns

#236912

Postby Investor » July 15th, 2019, 11:16 pm

Hariseldon58 wrote:They lease cars through the brand Wheels4Sure. I've just gone to check the prices there and they seem to be very reasonable, such as £269 a month? So on what basis would you suggest these are clients with a particularly poor credit history?



They lease cars through the brand Wheels4Sure. I've just gone to check the prices there and they seem to be very reasonable, such as £269 a month? So on what basis would you suggest these are lessees with a particularly poor credit history?

They have a 100% payment record to investors over several years, so that gives me reassurance.

Any other insights into Buy2LetCars?

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Re: Buy2Let Cars 11% returns

#236914

Postby monabri » July 15th, 2019, 11:38 pm

11% returns? That's all you need to know. Definitely not for me!

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Re: Buy2Let Cars 11% returns

#236916

Postby Alaric » July 15th, 2019, 11:52 pm

Investor wrote: I've just gone to check the prices there and they seem to be very reasonable, such as £269 a month? So on what basis would you suggest these are lessees with a particularly poor credit history?


What car would you get for that? It had been my impression that £ 199 a month could get you something quite flashy.

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Re: Buy2Let Cars 11% returns

#237086

Postby redsturgeon » July 16th, 2019, 7:39 pm

Alaric wrote:
Investor wrote: I've just gone to check the prices there and they seem to be very reasonable, such as £269 a month? So on what basis would you suggest these are lessees with a particularly poor credit history?


What car would you get for that? It had been my impression that £ 199 a month could get you something quite flashy.


If you think a Ford Fiesta is flashy, perhaps.

John


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