How I got a free Mercedes!
So in March 2017 I got a new Mercedes on a lease for 3 years
The monthly payments are around £340.00 per month
Since I graduated from uni in sept 2016 and wasn’t paying myself much of a salary from my SA business I had to get the lease under my mums name...
Fast forward to January 2018...
My mum had a BTL in one of the area which we operate in
The tenant moved out after 3 years
She asked me if I would manage it as an SA
I said I would but as long as any money she makes over the rent she was previously getting I can use to pay off my lease
Month 1: net amount over the rent she used to receive = £605
So that’s almost 2 months of the car lease paid in month 1!
Not bad for the first month. I just need this to continue for about a year and a half and my car is paid off!!
Best JV so far!