Post by stevio on Sept 13, 2015 17:16:47 GMT
Seems to be a different type of asset than the norm - leasing cars - anyone any experience with them?
From their website:
The end user is fully vetted to ensure they can afford to make due payments on the 3 year lease of your car. However, over and above this, Buy2LetCars will cover all monthly payments due to you up to at least 85% of the initial loan amount irrespective of the end user defaulting. In addition to this, the car you have funded is fitted with smart technology and prevents any use of your asset without due payment being made.
We fit all the cars funded by our clients with GPS tracking. This lets us keep tabs on where the vehicle is.
We also install technology that enables the car to be disabled should a driver fall behind on their lease payments, and which prevents the vehicle from exceeding the agreed annual mileage permitted under the lease.
This means that the car cannot sustain more than the expected wear and tear during its lease, ensuring its value at the end of the lease term.
From their website:
The end user is fully vetted to ensure they can afford to make due payments on the 3 year lease of your car. However, over and above this, Buy2LetCars will cover all monthly payments due to you up to at least 85% of the initial loan amount irrespective of the end user defaulting. In addition to this, the car you have funded is fitted with smart technology and prevents any use of your asset without due payment being made.
We fit all the cars funded by our clients with GPS tracking. This lets us keep tabs on where the vehicle is.
We also install technology that enables the car to be disabled should a driver fall behind on their lease payments, and which prevents the vehicle from exceeding the agreed annual mileage permitted under the lease.
This means that the car cannot sustain more than the expected wear and tear during its lease, ensuring its value at the end of the lease term.
