Buy to let what? ... Cars!
Since launch in 2012, Buy2LetCars have leased over 1536 vehicles.
Investors funding the vehicles have achieved asset backed annual returns of 7-11% with zero capital losses.
In this session the founder of Buy2LetCars will chronicle their lightning journey and explain why an increasing number of 'traditional' buy to let investors are finding this proposition attractive.
Reginald Larry-Cole is founder and CEO of Buy2Letcars and Wheels4Sure, and now a recently published author of “Compassionate Capitalism”. He is in his 40s, engaged and lives in Surrey UK. He holds a BA (Hon) 2.1 Business Degree from London Metropolitan University.
Whilst trying to raise finance to start up his present companies in 2008-2012, he spoke to 150 sources including banks, business angels and venture capitalists and and got 150 no’s. He was bold enough to put an ad in The Sunday Times and through that was able to raise the finance from a private individual in one setting. With this he launched the two businesses.
He built this into a multi-million pound turnover concern within 11 months, and now seven years later his leasing income is £4.3million with over £50 million worth of vehicles funded since inception. This fast growth has seen the leasing company included in the top 50 Fleet News listing, the world’s first car leasing company funded by people for people. He is particularly proud of the leasing companies exceptionally high client recommendation with a permanent 5 star rating on Trustpilot.
Reginald is passionate about his companies, his family, his staff and his clients and is spearheading a significant growth programme within the two brands over the next three years.