Buy to Let Cars ?
Discussion
Some some irate person trying to get into the shop a while back, wonder if they were a disgruntled customer?
It's odd that their reviews seemed quite good (even the recent ones) though for any poor reviews they say that the reviewer hasn't used them.
https://g.page/Buy2LetCars?share
It's odd that their reviews seemed quite good (even the recent ones) though for any poor reviews they say that the reviewer hasn't used them.
https://g.page/Buy2LetCars?share
I was considering parking some cash in Buy2let a couple of years ago, got as far as investing but getting cold feet and withdrawing with no penalty. They used to bombard me with marketing emails afterwards but these suddenly stopped in October last year. Dodged a bullet it seems.
ETA it wasn’t this lot actually, it was fundingcircle.
ETA it wasn’t this lot actually, it was fundingcircle.
Edited by thatsprettyshady on Tuesday 16th March 16:54
K12beano said:
Nope... The latest news now is that the whole group is in administration.https://wheels4sure.com/
Trustpilot reviews from people who have lost all their investment.
https://uk.trustpilot.com/review/buy2letcars.com
I was actually busy researching for something else quite different but fell into that rabbit-hole of being fascinated by finding out what's gone wrong with something......
I've just alighted on the following, which I think probably sums the situation up quite well (in the absence of having a nice factual and fact-full Final Decision from Freddie FCA) from 2019: https://bondreview.co.uk/2019/10/24/buy2letcars-in...
I've just alighted on the following, which I think probably sums the situation up quite well (in the absence of having a nice factual and fact-full Final Decision from Freddie FCA) from 2019: https://bondreview.co.uk/2019/10/24/buy2letcars-in...
thatsprettyshady said:
I was considering parking some cash in Buy2let a couple of years ago, got as far as investing but getting cold feet and withdrawing with no penalty. They used to bombard me with marketing emails afterwards but these suddenly stopped in October last year. Dodged a bullet it seems.
Final email they sent me, cheeky buggersBuy2Let mail shot said:
"Good afternoon!
I hope you’re staying safe and well.
I wanted to send you a personal message thanking you for your support throughout this very strange and testing year.
As you know, we have been one of very few businesses that have actually been able to flourish during this pandemic with the help of yourself and our many other investors.
Buy2Let Cars are going through one of the busiest periods we have experienced since inception in 2012. We are going from strength to strength and there is no sign of things slowing down for us. Since March we have had over 3500 qualified applications from Public Sector Key and Essential workers; the demand for our vehicles is astronomical!
In order to meet that demand we are offering additional percentages to existing investors for any units funded this side of Christmas. Please do let me know should you wish to take advantage and add to your current portfolio.
Once again, thank you for your continued business and support.
Season’s greetings to you and your family,
Richard Greenland."
I hope you’re staying safe and well.
I wanted to send you a personal message thanking you for your support throughout this very strange and testing year.
As you know, we have been one of very few businesses that have actually been able to flourish during this pandemic with the help of yourself and our many other investors.
Buy2Let Cars are going through one of the busiest periods we have experienced since inception in 2012. We are going from strength to strength and there is no sign of things slowing down for us. Since March we have had over 3500 qualified applications from Public Sector Key and Essential workers; the demand for our vehicles is astronomical!
In order to meet that demand we are offering additional percentages to existing investors for any units funded this side of Christmas. Please do let me know should you wish to take advantage and add to your current portfolio.
Once again, thank you for your continued business and support.
Season’s greetings to you and your family,
Richard Greenland."
Some of the recent reviews on Trustpilot are from people who have £60k or more outstanding!
https://www.leeds-live.co.uk/special-features/open...
K12beano said:
I was actually busy researching for something else quite different but fell into that rabbit-hole of being fascinated by finding out what's gone wrong with something......
I've just alighted on the following, which I think probably sums the situation up quite well (in the absence of having a nice factual and fact-full Final Decision from Freddie FCA) from 2019: https://bondreview.co.uk/2019/10/24/buy2letcars-in...
Not sure how papers can get away with stuff like this, should have stated it was an advert and also have a financial warning can see how some people may have been enticed by the promise of high returns.I've just alighted on the following, which I think probably sums the situation up quite well (in the absence of having a nice factual and fact-full Final Decision from Freddie FCA) from 2019: https://bondreview.co.uk/2019/10/24/buy2letcars-in...
https://www.leeds-live.co.uk/special-features/open...
Every time I heard these adverts on the radio I would cringe. It is/was really surprising that they were allowed to operate and advertise in the way they were doing; in my mind there were a lot of misleading claims made. It's the kind of thing my mum would probably "invest" in if she had some spare cash unfortunately. "Oh it's on the radio, it must be legit"
Latest update from administrators, unsurprisingly there are less cars than agreements from investors, substantially so.
Total outstanding from investors £40 million, 596 cars listed so value per car is just over £65k. Not exactly the amount that credit strapped leases would be for so looks like far more money outstanding than had ever gone into cars.
Hope no-one here handed over money to them. I had the invitation to invest a few years ago but declined.
https://damn-lies-and-statistics.blogspot.com/2021...
Total outstanding from investors £40 million, 596 cars listed so value per car is just over £65k. Not exactly the amount that credit strapped leases would be for so looks like far more money outstanding than had ever gone into cars.
Hope no-one here handed over money to them. I had the invitation to invest a few years ago but declined.
https://damn-lies-and-statistics.blogspot.com/2021...
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