Compassionate Capitalism How I Turned 150 Nos into 1 YES

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With this knowledge, he began to build the foundations of Buy2LetCars.com, a vehicle leasing model funded by people for people. Investors would receive a 33 per cent return on their investment after three years, while providing new cars to customers with a proven regular income, who struggle to access mainstream credit for a variety of reasons, via its leasing arm Wheels4Sure.com.

Think about what you want to do with this: Once you’ve found your passion, you should figure out what you want to do with this. You need to have a clear vision. Sergeant Pascoe said the outcome of the trial was proof "you cannot get away with" drink driving and that it puts lives at risk. Read More Related Articles Investment analysts are now questioning why it took so long for the watchdog to act over Raedex, a company that it regulated - although the Buy 2 Let Cars investment itself is unregulated and not covered by the Financial Services Compensation Scheme. https://bondreview.co.uk/2021/05/21/buy2letcars-investors-invested-in-cars-which-didnt-exist-administrators-confirm/Cash put in by savers would be used to buy cars that would be leased to people with poor credit histories. The marketing material made a meal of how Buy 2 Let Cars helped key workers. The FCA does not regulate the leasing of cars via Buy2Let Cars but did regulate investments in Raedex. This ‘greed clouding judgement’ phenomenon is itself a form of investment bias. One person making decisions by themselves is not unbiased, because they are swayed by their own motives and desires, as well as by the limits of their own knowledge and experience. That’s why, whenever you see an investment opportunity that looks good, you should first ask an independent financial adviser about it. They will give you a truly unbiased perspective, and so should enable you to find genuinely good investments. One person has been arrested and a second person has been questioned by police as part of a new fraud investigation into Raedex Consortium – the parent company of defunct lending platform Buy2Let Cars. Another explanation may be that the pandemic has prompted many to take early retirement, and to access their pension pots sooner than expected – perhaps in a hurry. Feeling under time pressure may had led some retirees to take less care than normal, or to discard carefully made retirement plans in favour of more impulsive action.

The administrators are now evaluating the current financial position and options for each of the Raedex Group companies. They will seek to achieve the best outcome for each company’s creditors as a whole. Larry-Cole put an ad in the Sunday Times and received 12 responses. The first responder invested enough money to launch the company in 2012, entirely funded by people. ‘There was a lot of behind-the-scenes work involved to launch the company,’ he says. ‘Firstly, I worked with my accountant to draw up a business plan and projections for the first three years, and came up with the name; it was important to have a name that said exactly what the company was about and would be easy for people to find. I registered with Companies House and then the focus shifted to generating investment and getting manufacturers involved.’ Depending on how much you invested, you could get an astonishing return of 11% per year, or 27% over three years.The administrators are also trying to establish who owns a Rolls-Royce that somebody was apparently swanking around in. Even though a business with a couple of million in turnover at most and continual losses doesn’t exactly scream “Rolls Royce lifestyle”.