Talk of The Villages Florida

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-   -   Looking for Investor (https://www.talkofthevillages.com/forums/investment-talk-158/looking-investor-308005/)

yankygrl 06-21-2020 10:34 AM

SOUNDS LIKE A SCAM TO ME- pretty sure you can’t sell a leased car and if you only have 2 payments left then give it back to dealer.

jedalton 06-21-2020 10:35 AM

Quote:

Originally Posted by bpascani (Post 1788871)
I don't think you can sell a leased car????

you can buy it at end of lease, which is what I am doing

fdpaq0580 06-21-2020 10:37 AM

Agree!
 
Quote:

Originally Posted by Don5154 (Post 1788861)
Why not just go to the bank and take a loan out for the car if you want to keep it. This would not be an investment for others but a headache. Just amazing what I read on this site.

When I read the original post, I thought "never heard of this scam before". But, after reading the explanation of how this is supposed to work I can't believe anyone would go for it. Still, some people will buy anything. Heard someone sold an "air guitar" on eBay that had been, supposedly played at a rock concert, for many thousands of dollars. My wife didn't know what an "air guitar" was, so I explained. "Air guitar" does not exist in the physical realm. It is when one pretends to hold the neck of the imaginary guitar in one had and prends to strum with the other. She looked unhappy. I'm afraid I may be getting a very expensive "air guitar" for my birthday.
Lesso here, even normally intelligent people will fall for somethings.

jedalton 06-21-2020 10:42 AM

Quote:

Originally Posted by fdpaq0580 (Post 1788884)
When I read the original post, I thought "never heard of this scam before". But, after reading the explanation of how this is supposed to work I can't believe anyone would go for it. Still, th

do your homework and you will see it's no scam

Jayhawk 06-21-2020 10:42 AM

Sell Your Life Insurance Policy | Coventry Direct

jedalton 06-21-2020 10:44 AM

Quote:

Originally Posted by fdpaq0580 (Post 1788884)
When I read the original post, I thought "never heard of this scam before". But, after reading the explanation of how this is supposed to work I can't believe anyone would go for it. Still, th

I'm 79 years old, don't know how much time I have left but investor will get double the money back at some point in time and the car. Not a bad deal. where can you get a guarantee double your money back?

jedalton 06-21-2020 10:46 AM

Quote:

Originally Posted by Jayhawk (Post 1788896)

policy has to be min of $100,000. mine is only $50,000

Don5154 06-21-2020 10:50 AM

Quote:

Originally Posted by jedalton (Post 1788895)
do your homework and you will see it's no scam

It’s sure not an investment.......

Don5154 06-21-2020 10:55 AM

Quote:

Originally Posted by jedalton (Post 1788898)
policy has to be min of $100,000. mine is only $50,000

So now it’s 50K.....before it was 40K....what’s up with the other 10K, who gets that?

dewilson58 06-21-2020 10:57 AM

Quote:

Originally Posted by jedalton (Post 1788773)
August is end of lease


Two more payments, then walk away.

Don5154 06-21-2020 11:20 AM

Quote:

Originally Posted by dewilson58 (Post 1788913)
Two more payments, then walk away.

My understanding is he wants to keep the car, but wants someone else to pay for the buyout of the lease and in return will get his life insurance hopefully somewhere down the road and whatever shape the car is in at the end. Shaky deal to say the least.....would need a good attorney to look it over ($$). Just saying....would hate to see someone who can not think things through get sucked into this.

jedalton 06-21-2020 11:26 AM

Quote:

Originally Posted by Don5154 (Post 1788911)
So now it’s 50K.....before it was 40K....what’s up with the other 10K, who gets that?

My friend will get the 10k.

fdpaq0580 06-21-2020 11:29 AM

Agree.
 
Quote:

Originally Posted by dewilson58 (Post 1788913)
Two more payments, then walk away.

I agree. Could it be the balloon payment at the end of lease? Already have agreed to purchase at lease end but is short on cash?
Certainly a novel concept, imho. Good luck to both parties if this curious "investment" goes through.
Side note: I have a father-in-law that was fit and we'll and still driving we'll into his nineties. Would you even want to deal the car if it was that old, and can you find an investment that provides the 5+ percent interest now rather than have to wait for the lump sum some unknown time in the future?

Fredman 06-21-2020 11:31 AM

If u buy into this “deal” I have a couple of bridges I would like to discuss with u

jedalton 06-21-2020 11:34 AM

Show me where you can get a guarantee 5 percent


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