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Car lease company in administration
I took out a lease agreement with Wheels4sure in Oct 2020. Today I received a letter saying the company is in administration and that I should continue with my payments etc until further notice. I’m worried they may end my agreement and take back the car. How likely is this? Is that what normally happens? Thanks in advance
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Comments
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There's already an existing thread about them
https://forums.moneysavingexpert.com/discussion/6251090/buy2let-cars-administration-wheels4sure#latest
The leases are an asset of the company so it would be quite unlikely that they will end the agreement. They are more likely to want to carry on until the lease end date.Remember the saying: if it looks too good to be true it almost certainly is.0
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