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Buy2Let Cars 11% returns
Posted: June 14th, 2018, 10:36 am
by robbelg
Currently advertising on TV Buy2Let Cars are offering returns of up to 11%
https://www.buy2letcars.com/I'm NOT rushing to invest
Rob
Re: Buy2Let Cars 11% returns
Posted: June 14th, 2018, 11:08 am
by Alaric
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.
Re: Buy2Let Cars 11% returns
Posted: June 14th, 2018, 1:43 pm
by Raptor
Moderator Message:
Do not see how this fits with the guidelines for this forum. Moving from HYP SHares and Strategies. Raptor.
Re: Buy2Let Cars 11% returns
Posted: September 6th, 2018, 11:35 am
by GentlemansFamily
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
Re: Buy2Let Cars 11% returns
Posted: September 9th, 2018, 7:26 pm
by Hariseldon58
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.....
Re: Buy2Let Cars 11% returns
Posted: July 15th, 2019, 11:16 pm
by Investor
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?
Re: Buy2Let Cars 11% returns
Posted: July 15th, 2019, 11:38 pm
by monabri
11% returns? That's all you need to know. Definitely not for me!
Re: Buy2Let Cars 11% returns
Posted: July 15th, 2019, 11:52 pm
by Alaric
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.
Re: Buy2Let Cars 11% returns
Posted: July 16th, 2019, 7:39 pm
by redsturgeon
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