Business Review: BuyCarNotes.com Inc.
Buy Discounted Car Notes
|
|
|
Overall Rating: |
|
 |
|
Type of Business: |
|
Note Investing |
|
Skill Level Needed: |
|
None |
|
Income Potential: |
|
Earn 17.64% Interest Annually |
|
Recommended: |
|
Yes / Highly |
|
Weblink / URL: |
|
http://www.buycarnotes.com
|
|
|
See "SX Review" below...
What "Buy Discounted Car Notes" has to say about itself - The "Buy Here - Pay Here" type used car dealers sell cars to people who can't finance vehicles anywhere else primarily because the buyer has very bad credit.
The used car dealer will finance these people themselves as banks will not touch them, thus creating a car note "in-house".
They qualify these people, just like a bank would, making sure they have a job, permanent address, references, some kind of credit history etc. and will usually finance the vehicle for 21% APR.
The biggest problem facing note lot car dealers is the amount of money they must put out on the street.
For example, a quality used car is purchased at a dealers auction for $5,000.00 & is sold to the customer for $9,000.00, along with a $1,000.00 down payment.
They would then have a car note for $8,000.00 and $1,000.00 cash from the down payment, but the used car dealer would still have $4,000.00 of their own money tied up in this vehicle.
If a used car dealer sells 100 cars a month based on the previous example, that leaves the dealer with a negative cash position of $400,000.00 per month in newly created car notes.
They can easily sell their notes to banks and other financial institutions as most car note lots do, but for a huge loss as the banks only pay 50 to 60 cents on the dollar... and not only that, they still have to guarantee the note by replacing any bad notes or defaults!
However, selling the notes to you, the private investor, is a winning situation for both sides. You make an outstanding return of 17.64% APY and we eliminate our negative cash position. Since we would be guaranteeing the notes anyway, our position is improved and you make a significant return on your investment.
Additionally, instead of the financial institution dealing with the customer, we collect the monthly payments and send it directly to you. This way, we keep the customer and make sure he makes his payments.
That's right... you will receive monthly payments (including principle and interest) yet still make a huge 17.64% APY off your investment.
We are one of, if not the only dealer selling car notes to individual investors on the internet. Well now it’s your turn to get in on one of the "best kept investment secrets."
You may purchase a note or notes or set a dollar amount which could be accommodated by assigning a partial interest in a note.
We have access to millions of dollars worth of notes and are constantly updating our note inventory through our Note Car Dealers Network.
We can structure your purchase depending on the amount of notes you wish to purchase. All investments are on a 12 month term basis.
17.64% APY "PRINCIPLE & INTEREST Payment" Plan Option:
Your car notes will return 17.64% APY, paid monthly. With this option, you will receive monthly payments including principle and interest. The 2.5% monthly interest (1/12th of 17.64% APY) will ONLY be paid on the REMAINING principle per month. For example, on a $10,000 investment, your total monthly payments would be $974.87 of which an average of $833.33 in principle ($10,000 divided by 12 months) would be paid back to you every month along with an average of $141.54 per month in interest. Please note that this option will only pay $1,698.46 in total interest on a $10,000 investment because the 2.5% interest is only paid on the remaining principle on a per month basis. Minimum investment is $2,500US.
17.64% APY "INTEREST ONLY Payment" Plan Option:
Your car notes will return 17.64% APY, paid monthly. With this option, you will receive interest only monthly payments. For example, on a $10,000 investment, your interest only monthly payments would be $250.00 and your yearly earnings would be $3,000. Your $10,000 principle would be returned (or reinvested by request) at years end. Minimum investment is $2,500US.
19.14% APY "AUTO REINVEST Payment" Plan Option:
This is taking the "17.64% APY INTEREST ONLY Payment Plan Option" one step further. We will automatically reinvest your 2.5% monthly interest payments on a month to month basis. Your reinvested car notes will return 19.14% APY, paid yearly. With this option, you will NOT receive monthly payments. For example, starting with $10,000 at the beginning of the first month, at the end of the first month, it will have earned 1/12th (or 2.5%) of the interest it should earn over the year. At the end of the first month 1/12th of interest is added to the original amount and we start over again. 1/12th of 17.64% of $10,000 is $250, so we add this amount to the $10,000 to get a starting balance of $10,250 at the start of the second month. During the third month, it earns 1/12th of 17.64% of $10,500, We repeat this for each month and then so on... At the end of the year, you would receive $13,445. Please note that you will not receive additional car notes from the reinvestment process, but we are instead discounting the car notes further to pay the equivelent of the monthly 2.5% reinvestment. Doing it this way saves us work and simplifies the process, but the end result of 19.14% APY return is still the same. Minimum investment is $2,500US.
BuyCarNotes.com Inc. Stress Free Guarantee:
If you experience a financial hardship or have any reason or need to pull your investment out of our car notes, we will pay your remaining principle back (whatever you haven't already been paid from the monthly payments) along with any prorated interest due. So in other words, you will get your remaining principle back and 2.5% interest for every month you had your investment with us.
Source: Buy Discounted Car Notes | Buy Car Notes | Bill Thompson
http://www.buycarnotes.com
SX Review - "Buy Car Notes" - I have known and been friends with the owner of BuyCarNotes.com Inc., Bill Thompson for over 10 years. For the last 7 years, Bill has owned a local "Buy Here - Pay Here" type used car lot.
Bill approached me in July of 2009 with the idea of selling his as well as many of his partner's car notes to individual investors on the Internet giving them a huge 17.64% APY return on their investment. I thought this was a great idea and helped him put together BuyCarNotes.com.
In my initial research I found that no one else was selling their car notes directly on the Internet to private investors.
I also found that there were websites selling ebooks that taught people how to approach "Buy Here - Pay Here" dealers to convince them to sell their notes at a discount, but that there were no existing sources of sellers even mentioned within this ebook.
There is a new reinvestment option that will bring a 19.14% annual return on investment.
I know I can't be impartial here on this review, but I thought you'd like to know about this awesome investment opportunity.
Invest In Car Notes
Thanks for reading...
- David
Verdict - Not Guilty! - Highly Recommended
[ Back to Business Opportunity Reviews ]
© 2010 ScamXposer.com - All Rights Reserved. |
|
