Buy-to-let-cars

dealer_wins

Not much profit in leasing, let alone finding another 7% to an "investor" I would stay well away!

JMW00

dealer_wins wrote: »

Not much profit in leasing, let alone finding another 7% to an "investor" I would stay well away!

I don't dispute your advice for one moment, but could you please explain in a bit more detail?

mgdavid

JMW00 wrote: »

I don't dispute your advice for one moment, but could you please explain in a bit more detail?

'the numbers don't add up, it's a scam'
is that any better?

JMW00

mgdavid wrote: »

'the numbers don't add up, it's a scam'
is that any better?

I apologised for my unwarranted sarcasm. Why are you being sarcastic to me? My question was meant genuinely.

coyrls

http://www.theguardian.com/money/2014/sep/05/buy-let-cars-returns

Will investors really see £8,955 at the end of three years? This question vexes a lot of investors. A look at autotrader.co.uk shows that a three-year old Hyundai i30s sells for around £5,000. Cargiant.co.uk lists newer used models at around £6,500 to £7,500.

What if the company disappears? This is perhaps the biggest risk and in that event investors would in all likelihood lose all their money. The company is entirely unregulated and is not a part of the Financial Services Compensation Scheme. While investors would technically own a car that is somewhere in the country, they would be reliant on the administrators tracking down the vehicle and either arranging for it to be returned to the investor, or for the leaseholder to continue to pay for it.

What do investment experts say? Patrick Connolly, a certified financial planner at Chase de Vere, says: “An outlay of £13,500 will be quite significant for many people; investors have no access to their money in the three-year period; and there is no protection from the Financial Services Compensation Scheme if Buy2LetCars is unable to pay investors what they are due.


“While the returns quoted are considerably greater than can be achieved through savings accounts, so are the risks. We wouldn’t recommend this investment.”

mgdavid

JMW00 wrote: »

I apologised for my unwarranted sarcasm. Why are you being sarcastic to me? My question was meant genuinely.

simply don't see what more there is to know.
"Not much profit in leasing, let alone finding another 7% to an "investor" I would stay well away!" - which bit of that do you not fully understand?