Hotness yellow express online cab investment

Hot Deal yellow express online cab investment

575°
Missing
Deal Cadet
122
230
5

hello dimers , do any one have knowledge about yellow express cab investment..

https://www.yellowexpresslogistics.com/buy-ba...hp

12 Comments  |  
7 Dimers
Bal ganesh
Deal Lieutenant
94
3868
49

Looks very promising! Am not able to see downsides as of now(somehow confused)

Missing
Deal Cadet
506
372
10

Go ahead, most such cos. are fly by night operators, they will do agreement with you pay you rent for 3/4 months and vanish with your car. Cost of website rs 1000 only.

Missing
Deal Lieutenant
277
5252
76
nikhilp1 wrote:

Go ahead, most such cos. are fly by night operators, they will do agreement with you pay you rent for 3/4 months and vanish with your car. Cost of website rs 1000 only.

I don’t remember where I read, but this happened recently in Kerala. There is no reason to trust such things.

Bal ganesh
Deal Lieutenant
94
3868
49
Expand
rsai01 wrote:

I don’t remember where I read, but this happened recently in Kerala. There is no reason to trust such things.

Ok, this is a Limited company, can they run away.
Car will be in customer’s name, +point.

But returns of FLAT Rs10kmonth on Rs2lacs investment without any risk is what rises suspicion.

Zoomcar also does similar business. But their scheme is realistic with risk factor.

Missing
Deal Lieutenant
277
5252
76
Expand
caks2006407 wrote:

Ok, this is a Limited company, can they run away.
Car will be in customer’s name, +point.

But returns of FLAT Rs10kmonth on Rs2lacs investment without any risk is what rises suspicion.

Zoomcar also does similar business. But their scheme is realistic with risk factor.

YELLOW EXPRESS LOGISTICS LTD , a public limited company incorporated under the companies Act of 2013,

How did they become a public limited company? Even I can open a page and declare my company is a “limited” company right?

The buy back scheme becomes more significant after four years because the investor will be purchasing hundreds of vehicles and it will be a burden for him to sell at a good price after the lease* period lis lover* but as far as the company is concerned the real profit of the project comes after buying back these vehicles from the registered owner who is the investor because the vehicle will be free from EMI and monthly payment to the customer.

Only males would be investing, spelling mistakes, a whole paragraph without any punctuation’s. Also see the reason they are giving to convince how it would be profitable for them ;p

My friend stays close to that area, so have asked him to check if those 3 floors even exist in that location when he is free. I am sure it’s fake but still want to know if they really have 3 floors as mentioned in their registered address ;p

Even in the Kerala scam I read, the cars were in the name of owners. But those fraudsters had mortgaged them for as low as 10k rupees.

Missing
Deal Cadet
122
230
5

Theh have video in YouTube .. just play that..

For me it’s looking like fishy..

Please any one here confirm my understanding regarding this scheme..

I have to buy Nissan car with down payment of 2lakh with monthly EMI.. EMI amount is paid by yellow express… They will give us monthly 10k as rent.. after 4 years they clear out EMI and buy our car for 2.5 L, is it like this??

@rsai01

Missing
Deal Lieutenant
277
5252
76
aftabz wrote:

Theh have video in YouTube .. just play that..

For me it’s looking like fishy..

Please any one here confirm my understanding regarding this scheme..

I have to buy Nissan car with down payment of 2lakh with monthly EMI.. EMI amount is paid by yellow express… They will give us monthly 10k as rent.. after 4 years they clear out EMI and buy our car for 2.5 L, is it like this??

@rsai01

I don’t know where you read about the 2L investment, EMI option and 10k rent. I only read the below

All expenses and responsibilities will be undertaken by the company and will be giving Rs.27 000/- monthly for the lease period of 4 years after all expenses like driver diesel repairs accidents or incidents and the vehicle will also be purchased by the company for a price of Rs.2.50 lakhs after lease period of 4 years.

It’s not worth the time to continue researching about it. I feel bad reading about such scams everyday so just pointed out things. It’s not easy for any businesses to generate such high profits for their investors unless its some unique business. So just ignore such scams.

Bal ganesh
Deal Lieutenant
94
3868
49
aftabz wrote:

Theh have video in YouTube .. just play that..

For me it’s looking like fishy..

Please any one here confirm my understanding regarding this scheme..

I have to buy Nissan car with down payment of 2lakh with monthly EMI.. EMI amount is paid by yellow express… They will give us monthly 10k as rent.. after 4 years they clear out EMI and buy our car for 2.5 L, is it like this??

@rsai01

Do not go with this.
Think of Zoomcar or Myles if ur keen to invest

Doumyouji.tsukasa.full.958800
Deal Lieutenant
138
3112
29
aftabz wrote:

Theh have video in YouTube .. just play that..

For me it’s looking like fishy..

Please any one here confirm my understanding regarding this scheme..

I have to buy Nissan car with down payment of 2lakh with monthly EMI.. EMI amount is paid by yellow express… They will give us monthly 10k as rent.. after 4 years they clear out EMI and buy our car for 2.5 L, is it like this??

@rsai01

This is too suspicious. Better stay away from it for now. Try zoomcar.

Missing
Deal Newbie
50
20
0

Not sure why everyone thinks that there is a great return of investment. ROI is 10% per annum after taxes. Let me explain this in detail. Yellow cab gives 27k to customer but it includes EMI of 17k therefore, customer receive only 10k after EMI. Out of 10k, they also TDS of 200rs further reducing the cash to Rs 9,800. Now from tax perspective, your income is 27k and not 9.8k. So you have to pay tax of RS 8,100. To company, you are lessor and they are the ones running the business and therefore they will claim this entire 27k as lease expenses. You are simply a lessor and you can’t claim EMI as business deduction nor the interest expense associated with it. So now let’s look at how much money customer receive after taxes. Amount received is RS 9,800 minus tax of RS 8,100 so customer after tax amount is RS 1,700 which is .85% ROI per month. This investment works for those who do not fall into tax bracket. They will have entire RS 9,800 as income and it is great ROI for them but not for others.
It seems legit to me as I have visited their head office and also their inventory. I could see atleast 300 cars getting painted and this stats was 4 months ago. I do plan on investing in this but waiting for confirmation on its legal status as they were undergoing audit by the Government after the incident of IMA.
Considering only 10% of ROI, one can choose to invest in FD and SIP and other financial instruments which provides more or less same ROI with almost no risk.
Hope this helps those who are seeking answers.

Missing
Deal Newbie
50
20
0

As it has been mentioned about tax deduction of Rs.8100 per month. If it’s only about tax which reduces the profit then people can go ahead with spouse name or some other family members name whose income is under threshold limit.

Missing