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Investment opportunity?

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  • CKhalvashi
    CKhalvashi Posts: 12,134 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I’ve just come up with something else that may be imperative to sniffing this out as a scam;

    The website is claiming that you can earn £200/wk after commission.

    Saying that a moderately priced (and I’ve seen them twice the price of this) motorhome costs £35k; £200/wk x 52wks x 3yrs = £31200.

    Just out of curiosity’s sake, I’ve spoken to HSBC this afternoon about secured loans, to get a rough idea on this, stating it’s secured on a motorhome and putting a modest £5k deposit on there. (bringing the balance down to £30k + insurance, again at around £700/yr for us).

    The best rate that they could possibly offer us was £1268/mth representative, but I’m not 100% sure of what the actual rate they’ve quoted is.

    I’d be making a loss of at least £476.33/mth for 3 years, and possibly having nothing back at the end of it.

    I can’t believe I didn’t delve into these figures earlier, but even if this was after commission + loan, I’d still be looking at 27 weeks a year of bookings, which I doubt I’d get. I’ve then got to take maintenance into account, so you’re looking 35 weeks of bookings to break even. I think I’ll leave Jane to invest in this one!

    CK
    💙💛 💔
  • le_loup
    le_loup Posts: 4,047 Forumite
    Wouldn't it be best if we just leave this thread to die?
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