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Debate House Prices


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Scam?

armour
armour Posts: 311 Forumite
Anyone got any info on this firm?
http://www.buy2letcars.com/index.html

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Scam:
    To deliver 33% guaranteed return on your car –supplied by us

    They can't return 33% pa to you. Why wouldn't they keep it for themselves?
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Looks like a good business model to me.

    If you agree, please send me three pages of signed letterhead from your company along with your company's bank account details as I wish to transfer large sums of money to you.
  • Kennyboy66
    Kennyboy66 Posts: 939 Forumite
    I'd prefer to buy one of those golden egg laying geese.
    US housing: it's not a bubble - Moneyweek Dec 12, 2005
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Kennyboy66 wrote: »
    I'd prefer to buy one of those golden egg laying geese.

    I've only heard of one of those.
    How much would you have to pay Jack?
    I'm guess he wouldn;t need much cash even though the value of golden eggs have fallen ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    I've seen something on Peer to Peer rentals recently, was it in the weekly newsletter (not certain here)? I think they looked at the whipcar model, it might be worth looking at that to see how it compares to a possible scam.

    ETA: think it was in the Economist - knew I'd seen it somewhere...
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    Sounds a bit like a pyramid scheme to me - this line for instance:
    Simply refer others and build a £250,000 per annum business income

    The 33% coming from the monies of other joiners to this perhaps?
  • botchjob
    botchjob Posts: 269 Forumite
    i believe it follows this business plan: http://www.youtube.com/watch?v=tO5sxLapAts
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The 33% return is over three years so not 33% per annum. But it's still just a blatant investment fraud.
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    I actually think it's a good website and a half-plausible idea. If only they'd tone the claims down a little bit (e.g. stressing the three years needed for a return, probably best to knock a few percentage pts off too; ditching mentions of the fanciful mega second income idea altogether) I reckon they could be onto a winner.
    FACT.
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