Currently advertising on TV Buy2Let Cars are offering returns of up to 11%
https://www.buy2letcars.com/
I'm NOT rushing to invest
Rob
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Buy2Let Cars 11% returns
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- Lemon Half
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Re: Buy2Let Cars 11% returns
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.
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- Lemon Quarter
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Re: Buy2Let Cars 11% returns
Moderator Message:
Do not see how this fits with the guidelines for this forum. Moving from HYP SHares and Strategies. Raptor.
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
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
A recipe for disaster I would suggest - and I'm not tempted by the 11% promise
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- Lemon Slice
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Re: Buy2Let Cars 11% returns
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.....
This is likely to be a very high risk investment.....
Re: Buy2Let Cars 11% returns
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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- Lemon Half
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- Lemon Half
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Re: Buy2Let Cars 11% returns
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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- Lemon Half
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Re: Buy2Let Cars 11% returns
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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