https://www.thesun.co.uk/money/8324176/i-was-on-benefits-and-wanted-to-die-but-i-turned-it-around-and-now-run-4-3million-car-finance-business/ He answered by telling me to attend one of his regular online ­presentations, insisting: “You make sure you listen to the plan and understand it before you spout sh**.” Depending on how much you invested, you could get an astonishing return of 11% per year, or 27% over three years.

It found that from a sample of 102 cars, 55 were secondhand, even though the company said that used vehicles formed a minority of its fleet because its business relied on securing deep discounts on new ones. Despite the state we found him in, a roadside breath test which showed he was three times the limit and an evidential reading in custody showing that he was nearly four times the limit, he completely denied the offence and forced a trial on the basis that our equipment was faulty and that we had not followed proper procedure," he said. Consumer finance campaigner Mark Taber and Dominic Lindley, former leader of the financial services policy team at Which?, said they had flagged up their concerns about the company to the FCA in 2019. The company had described the decision as “bizarre” and accused the watchdog of putting jobs at risk. According investigating office, Sergeant Dan Pascoe, "it was immediately obvious" when he was stopped by police that Larry-Cole was drunk and he needed help getting to the side of the road.The unnamed person was interviewed and has since been released, pending further investigation. Another person has also been interviewed but not arrested. The FCA outlined its reasoning in a detailed notice published on Wednesday, after Buy2Let Cars and its parent company, Raedex Consortium, fell into administration. Reginald Larry-Cole is founder of Buy2LetCars.com and Wheels4Sure.com. Further reading on raising money 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.

In one of the more heated phone calls I’ve had lately, company director Reginald Larry-Cole bawled at me: “You’ve got it totally wrong, I’m telling you now because I will sue you like you won’t believe.” Is that these unregulated bonds are mean to be only sold to 'sophisticated ivnestors' i.e. people with 100k+ free cash. Although our company is well financed with a strong cashflow and bank balance, the FCA is putting 24 jobs at risk with this bizarre decision. Buy2LetCars’ founder and chief executive Reginald Larry-Cole and operations director Scott Martin explain how they managed to mitigate risk in their business from day one…This form of investment is not regulated, so investors do not have recourse to the Financial Ombudsman. But the FCA can prevent the company from arranging new leases and has now wielded its power to do so. 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. Your investment helps NHS staff like Chipo get to and from her job in a brand new and reliable vehicle" read one post, while another said: “Keep key workers, just like Andrew, on the move by investing with Buy2LetCars!” 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.