Sellotape Posted December 13, 2018 Report Share Posted December 13, 2018 Saw this on the telly this am. Can't believe my eyes. I thought this sort of thing was in the past. https://www.buy2letcars.com/ Instead of investing in an ISA you put your hard-earned in to a company letting people lease cars. Invest £98k and get 11% over 3 years. What could go wrong? Quote Link to post Share on other sites
simvastatin Posted December 13, 2018 Report Share Posted December 13, 2018 Safe as houses Quote Link to post Share on other sites
JustAnotherProle Posted December 13, 2018 Report Share Posted December 13, 2018 I can't help but shout at the TV when this ad appears, end game rentier BS but with cars...GTFO Quote Link to post Share on other sites
happyguy Posted December 13, 2018 Report Share Posted December 13, 2018 So.................................. don't invest then? Quote Link to post Share on other sites
No One Posted December 13, 2018 Report Share Posted December 13, 2018 47 minutes ago, Sellotape said: Saw this on the telly this am. Can't believe my eyes. I thought this sort of thing was in the past. https://www.buy2letcars.com/ Instead of investing in an ISA you put your hard-earned in to a company letting people lease cars. Invest £98k and get 11% over 3 years. What could go wrong? I saw this a while back, peak credit bubble, honestly. Quote Link to post Share on other sites
Council estate capitalist Posted December 13, 2018 Report Share Posted December 13, 2018 I occasionally hang out on a P2P lending forum, Many of the people on there have sold off all their stakes in loans on things like this. Partially because of brexit, And partially because the default rate is so high with the platforms being no good at collecting the debts. Give them credit I don't think they'd buy into this at that level of interest given the inherent risk of the borrowers/the questionable value of the used cars. Quote Link to post Share on other sites
Cosmic Lunatic Asylum Posted December 13, 2018 Report Share Posted December 13, 2018 Looks like the ideal vehicle for a savy couple from Kent in desperate need of a broader portfolio. Quote Link to post Share on other sites
Cosmic Lunatic Asylum Posted December 13, 2018 Report Share Posted December 13, 2018 Correction. Editing forbidden Looks like the ideal vehicle(s) for a savy couple from Kent in desperate need of a broader portfolio. Quote Link to post Share on other sites
Ah-so Posted December 13, 2018 Report Share Posted December 13, 2018 10 hours ago, Sellotape said: Saw this on the telly this am. Can't believe my eyes. I thought this sort of thing was in the past. https://www.buy2letcars.com/ Instead of investing in an ISA you put your hard-earned in to a company letting people lease cars. Invest £98k and get 11% over 3 years. What could go wrong? Anyone dim enough to fall for this should be locked up for their own good. After 3 years the asset value of the cars will be about half the purchase price while the buyer would have barely covered the VAT. Quote Link to post Share on other sites
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