Company incentive, strange circumstances

pma1979

k3lvc said:

pma1979 said:

k3lvc said:

pma1979 said:

Herzlos said:

pma1979 said:

4: the entire point was, I was looking for advice as to how my wife could take finance, without requiring a licence, I take it NOBODY has an answer to that? 🙄

Leaving the pyramid scheme part aside, if you're intent on locking yourself into a car contract anyway, then there's nothing stopping her being the registered keeper/owner of the car without a license, you could then insure it yourself. She would, of course, need to pass the finance check on her own which will be a big ask when working for something as mercurial as an MLM.

pma1979 said:

So you’re telling me you didn’t need to show a licence to take the car? Rubbish 

I'm positive I've never had to provide a driving license in order to buy any of my cars, even if driving it away.
She'll need to provide some ID for the finance though, but a passport should be sufficient.

She’s also been told that it’s only since last year, that the agreement holder needs to have the license. Before that, you could use another one. I have done so in the past, before I passed my test, used my dad’s. 

Given you choose to call my experience 'rubbish' then please show us this new 'rule' and which dealer/finance house is applying it - a quick check today with my local BMW/Mini Business Manager was met with the response of 'what a load of !!!!!!'

“Business manager”? As in BUSINESS LEASE? She’s registered as a sole trader with less than the required time they would need evidence of to her a business lease. Which is why we looked at personal finance. And BMW were one of those who said NO. 

No - not as in BUSINESS LEASE - now you're just making stupid assumptions that people don't know what they're talking about - our local Retailers definition of 'Business Manager' is the approved approver/seller of consumer finance i.e. the exact person qualified to know what they're talking about.

You're being 'attacked' as you feel because you've not yet come up with anything other than anecdotal evidence of your issue yet everyone who's telling you there's no legal reason is somehow wrong. The longer you keep believing you're right the less chance there is of you ever getting a car

So the person at BMW who told her they don’t do finance for people without a license was lying then? Because that’s exactly what she was told. 

 So the person at BMW who told her they don’t do finance for people without a license was lying then? Because that’s exactly what she was told. 

k3lvc

Apparently so - either you/she is asking the wrong question, failing the attitude test or maybe they just don't want your business.

With the information you've given I'm comfortable my daughter without a licence could buy/finance a new car tomorrow and I could collect on her behalf and subsequently drive it

Given no-one else has come up with a good/legal/regulatory reason why you can't then I'd be looking closer to home where the issue is or search for a dealer until you find one who does want your business 

Herzlos

pma1979 said:

A_Random_Man said:

I understand that you only asked about getting a car however people are passing on good knowledge mlm schemes are awful if you think they a great take a look at their income disclosure statements which are terrible and you are wrong all mlm schemes ask their participants to buy a welcome pack is how they suck you in and make money. MLM companies always ask their reps to post a fake lifestyle which isn't achievable, think about why they insist the the finance has to be in HER NAME because they give her a bonus and if she does not hit rank then she is stuck with the car. 

I honestly think you need to do more research because they are pyramid schemes with a product which the very few make a lot of money and the most make little to nothing or lose money.

Wow. So you’re now suggesting that my wife has been asked to post a fake lifestyle to recruit 850 people!? No. And as I already said, we don’t need the advice. She’s making enough to cover the costs, never drops below the level required which is why she’s doing it now, not 6 months ago. And if she did, I have a good wage and money in the bank to cover it.

No, he's saying that the reason the MLM company are offering the 'free car allowance' is to get the reps to lease a brand new car they wouldn't have otherwise leased in order to make them look like they are more successful from the scheme than they are. It's actually a great way of marketing it. Presumably if your wife is recruiting others below her, she must be doing some kind of advertising or claims about how great it is?
Just think; why else would they have this extra bonus on the provisio that it's only to reimburse a lease car with no risk to themselves (it's in your name, and you don't get the payment if your earnings drop below a threshold)?

[Deleted User]

pma1979 said:

And for the record, the person above posting the quote from “Google”, that’s from Stoneacre, who said they just haven’t changed their website but last year stopped offering finance to people without a license.
im the one being attacked here, asked for evidence, told I need to say who she “works for” (she’s self employed and it’s not relevant to the question I asked). I have no reason to lie about the fact she’s been refused, I just wanted a way of her getting round the no license thing, by using a company who will take joint finance or someone else’s license on the application !!!!!!!! 

It’s not from Stoneacre it was from Arnold Clark’s own website as is this panel of lenders. 

https://www.arnoldclark.com/terms-of-use/panel-of-lenders

You don’t seem to think it’s possible for your wife to get finance without a licence even when presented with evidence to the contrary.  Some lenders might have it as an internal policy but I don't think there's any law preventing it. If it really is the case that you need a licence to obtain car finance then I can’t see a lender giving one person finance on the basis of someone else’s licence. 

It is possible to get car finance in joint names. A quick internet search brought up several companies offering it.  There are even things called "accomodation deals" where one person takes out the finance to buy someone else a car.  Many lenders aren't keen on accomodation deals but they are perfectly legal as long as the lender hasn't been misled. 

A_Random_Man

pma1979 said:

A_Random_Man said:

I understand that you only asked about getting a car however people are passing on good knowledge mlm schemes are awful if you think they a great take a look at their income disclosure statements which are terrible and you are wrong all mlm schemes ask their participants to buy a welcome pack is how they suck you in and make money. MLM companies always ask their reps to post a fake lifestyle which isn't achievable, think about why they insist the the finance has to be in HER NAME because they give her a bonus and if she does not hit rank then she is stuck with the car. 

I honestly think you need to do more research because they are pyramid schemes with a product which the very few make a lot of money and the most make little to nothing or lose money.

Wow. So you’re now suggesting that my wife has been asked to post a fake lifestyle to recruit 850 people!? No. And as I already said, we don’t need the advice. She’s making enough to cover the costs, never drops below the level required which is why she’s doing it now, not 6 months ago. And if she did, I have a good wage and money in the bank to cover it.

Yes mlm's do check out anti-mlm on reddit and you'll see what I'm referring to and no I never said you wife did, I said mlm companies asks their reps did I say your wife NO. There are loads of fake posts about the lifestyle, financial freedom etc, think about why they are offering a CAR incentive in first place why not just another bonus because they want you to post the lifestyle to lure people in. Also why does it have to be a specific brand of car why not a a cheaper car like a Dacia or Skoda, the reason why is that doesn't sell, I'm guessing they have said some kind of 4 by 4 maybe a Mercedes GL probably in white. Also don't forget it's likely that the mlm company will want the logo plastered on the car as well.

You have just said she's making enough to cover the costs I thought they were none, you said and I quote "they have no outlays" earlier on in the thread, how can you have no outlays but making enough to cover costs, you wouldn't have any costs according to you even though I know that to be false. 

You also said earlier someone could become pass her in the chain what happens if she falls down the chain and is forced to make the payment without a bonus you would be stuck then with an expensive car on finance. The fact also that you would be happy to cover the payment also does not make sense because you said there are no outlays but there clearly is, there is the car and any fees the mlm charges. 

If you feel so confident please tell me the mlm and we can all do some research and you might change my mind, however I doubt it becuase every mlm I have seen be beach body, Arbonne, younique, young living, monat etc etc are all very good for a select few at the top who have managed to build up massive teams however for the people at the bottom they will lose or if they are luck break even, there is a reason tik Tok has banned mlm's from it's platform and the FTC has also cracked down on them.

kimwp

I think that MLMs aren't pyramid schemes - a pyramid scheme scheme is getting people to invest money with the promise of some amazing return which will actually never happen.
An MLM involves buying and selling products, albeit in a triangular organisation structure, but this is the same as most companies. Definitely still something to avoid though, many tales of losing money, dodgy sales tactics encouraged by a pressurised environment and a promise of a win if just a little, just a little bit more, just a lot more is "invested" in the products.

Is it weird that they'll only cover finance if certain car brands are bought?

A_Random_Man

kimwp said:

I think that MLMs aren't pyramid schemes - a pyramid scheme scheme is getting people to invest money with the promise of some amazing return which will actually never happen.
An MLM involves buying and selling products, albeit in a triangular organisation structure, but this is the same as most companies. Definitely still something to avoid though, many tales of losing money, dodgy sales tactics encouraged by a pressurised environment and a promise of a win if just a little, just a little bit more, just a lot more is "invested" in the products.

Is it weird that they'll only cover finance if certain car brands are bought?

They don't cover the finance they give you a bonus to be used for a car if you don't make rank you don't get a bonus, also pyramid schemes can have products this is probably the single biggest misconception about pyramid schemes is that they don't have a product, there have been other mlm companies that sold products banned for being pyramid schemes and the competition and markets authority (CMA) and the federal trade commission (FTC) both agree that pyramid schemes can have products.

Also mlm's are 100% pyramid schemes they definitely do get people to invest money with the promise of amazing return however a lot of their posts about money are getting banned as the promote a unachievable income level 

Herzlos

Presumably the difference between a pyramid and an MLM is that in a pyramid the revenue comes from the recruited folk "investing", whilst in an MLM the revenue comes from the recruited folks "sales".
You *could* make money in an MLM from the bottom of the triangle if you can sell enough things to other people, but the real money comes from recruiting further people to do the selling (or at least buy the sample kit), which is heavily incentivized.

[Deleted User]

MLM's get away with it because technically you can make a legitimate income from them, and some people (at the top) do. But most people don't, because the products are not very good, expensive and there is a ton of competition from other people trying to sell the same crap as you are. Where the proper money is made is from recruiting others and you get a cut of their revenue generation too. 
My niece got "hooked" trying to sell Juice+ on Facebook and it was just a ridiculous business model. Until idiots stop being suckered into doing these things, they will just continue.