Looking for Investor

Closed Thread
Thread Tools
  #31  
Old 06-21-2020, 10:34 AM
yankygrl yankygrl is offline
Senior Member
Join Date: Mar 2013
Location: Lake Deaton
Posts: 330
Thanks: 518
Thanked 80 Times in 59 Posts
Default

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.
  #32  
Old 06-21-2020, 10:35 AM
jedalton jedalton is offline
Senior Member
Join Date: Sep 2010
Location: Mt. AIRY NC, NORFOLK VA, VA BEACH, VA, FT WAYNE,IN, CINCINNATI, OH, ROSWELL, GA, THE VILLAGES
Posts: 397
Thanks: 1,468
Thanked 192 Times in 108 Posts
Default

Quote:
Originally Posted by bpascani View Post
I don't think you can sell a leased car????
you can buy it at end of lease, which is what I am doing
  #33  
Old 06-21-2020, 10:37 AM
fdpaq0580 fdpaq0580 is offline
Sage
Join Date: Sep 2012
Posts: 3,678
Thanks: 339
Thanked 3,536 Times in 1,460 Posts
Default Agree!

Quote:
Originally Posted by Don5154 View Post
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.

Last edited by fdpaq0580; 06-21-2020 at 10:54 AM. Reason: Incomplete
  #34  
Old 06-21-2020, 10:42 AM
jedalton jedalton is offline
Senior Member
Join Date: Sep 2010
Location: Mt. AIRY NC, NORFOLK VA, VA BEACH, VA, FT WAYNE,IN, CINCINNATI, OH, ROSWELL, GA, THE VILLAGES
Posts: 397
Thanks: 1,468
Thanked 192 Times in 108 Posts
Default

Quote:
Originally Posted by fdpaq0580 View Post
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
  #35  
Old 06-21-2020, 10:42 AM
Jayhawk's Avatar
Jayhawk Jayhawk is offline
Gold member
Join Date: Feb 2013
Posts: 1,450
Thanks: 3
Thanked 1,772 Times in 512 Posts
Default

Sell Your Life Insurance Policy | Coventry Direct
  #36  
Old 06-21-2020, 10:44 AM
jedalton jedalton is offline
Senior Member
Join Date: Sep 2010
Location: Mt. AIRY NC, NORFOLK VA, VA BEACH, VA, FT WAYNE,IN, CINCINNATI, OH, ROSWELL, GA, THE VILLAGES
Posts: 397
Thanks: 1,468
Thanked 192 Times in 108 Posts
Default

Quote:
Originally Posted by fdpaq0580 View Post
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?
  #37  
Old 06-21-2020, 10:46 AM
jedalton jedalton is offline
Senior Member
Join Date: Sep 2010
Location: Mt. AIRY NC, NORFOLK VA, VA BEACH, VA, FT WAYNE,IN, CINCINNATI, OH, ROSWELL, GA, THE VILLAGES
Posts: 397
Thanks: 1,468
Thanked 192 Times in 108 Posts
Default

Quote:
Originally Posted by Jayhawk View Post
policy has to be min of $100,000. mine is only $50,000
  #38  
Old 06-21-2020, 10:50 AM
Don5154 Don5154 is offline
Senior Member
Join Date: May 2016
Posts: 102
Thanks: 421
Thanked 102 Times in 54 Posts
Default

Quote:
Originally Posted by jedalton View Post
do your homework and you will see it's no scam
It’s sure not an investment.......
  #39  
Old 06-21-2020, 10:55 AM
Don5154 Don5154 is offline
Senior Member
Join Date: May 2016
Posts: 102
Thanks: 421
Thanked 102 Times in 54 Posts
Default

Quote:
Originally Posted by jedalton View Post
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?
  #40  
Old 06-21-2020, 10:57 AM
dewilson58's Avatar
dewilson58 dewilson58 is offline
Sage
Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 11,496
Thanks: 834
Thanked 9,686 Times in 3,599 Posts
Default

Quote:
Originally Posted by jedalton View Post
August is end of lease

Two more payments, then walk away.
__________________
Identifying as Mr. Helpful
  #41  
Old 06-21-2020, 11:20 AM
Don5154 Don5154 is offline
Senior Member
Join Date: May 2016
Posts: 102
Thanks: 421
Thanked 102 Times in 54 Posts
Default

Quote:
Originally Posted by dewilson58 View Post
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.

Last edited by Don5154; 06-21-2020 at 11:26 AM.
  #42  
Old 06-21-2020, 11:26 AM
jedalton jedalton is offline
Senior Member
Join Date: Sep 2010
Location: Mt. AIRY NC, NORFOLK VA, VA BEACH, VA, FT WAYNE,IN, CINCINNATI, OH, ROSWELL, GA, THE VILLAGES
Posts: 397
Thanks: 1,468
Thanked 192 Times in 108 Posts
Default

Quote:
Originally Posted by Don5154 View Post
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.
  #43  
Old 06-21-2020, 11:29 AM
fdpaq0580 fdpaq0580 is offline
Sage
Join Date: Sep 2012
Posts: 3,678
Thanks: 339
Thanked 3,536 Times in 1,460 Posts
Default Agree.

Quote:
Originally Posted by dewilson58 View Post
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?
  #44  
Old 06-21-2020, 11:31 AM
Fredman's Avatar
Fredman Fredman is offline
Gold member
Join Date: Feb 2015
Location: Pittsburgh, Cincinnati,Chicago ,buffalo, Asheville ,Pittsburgh
Posts: 1,076
Thanks: 6
Thanked 814 Times in 234 Posts
Default

If u buy into this “deal” I have a couple of bridges I would like to discuss with u
__________________
GO STEELERS
  #45  
Old 06-21-2020, 11:34 AM
jedalton jedalton is offline
Senior Member
Join Date: Sep 2010
Location: Mt. AIRY NC, NORFOLK VA, VA BEACH, VA, FT WAYNE,IN, CINCINNATI, OH, ROSWELL, GA, THE VILLAGES
Posts: 397
Thanks: 1,468
Thanked 192 Times in 108 Posts
Default

Show me where you can get a guarantee 5 percent
Closed Thread

Tags
make, end, car, heat, tinted

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 02:55 AM.