Buy 2 Let Cars Limited offers the opportunity to invest in lease cars over a term of three years as follows:
- Level 1: invest £7,000-£10,000 and receive a return of 7% per year
- Level 2: invest £14,000 to fund "one unit" and receive a return of 9% per year
- Level 3: invest to fund "two to six new units" (presumably £28,000 - £84,000) and receive a return of 10% per year
- Level 4: invest to fund "7 or more units" (£98,000 or more) and receive a return of 11% per year
Investors' funds are used to purchase a lease car which is then leased out to a borrower. The borrower's lease payments are used to generate the promised return.
If the borrower defaults on their payments, and Buy 2 Let Cars is unable to find another borrower, Buy 2 Let Cars will attempt to sell the car to return investor's capital. If the amount realised is less than the investor invested, Buy 2 Let Cars promises to make up any shortfall up to a maximum of 85% of the amount invested.
Continue reading for a review of Buy 2 Let Cars' investment.