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Jim Marki is one of the most successful real estate educators in the country. He has shown thousands how to achieve their real estate investing goals. He has coached investor’s on how to purchase Real Estate through Probate with his Probate Profit Machine Course (Available at NoteTools.com).  Now Jim has put his time-tested program into a new book and e-book, How to Invest in Discounted Car Notes (also available at NoteTools.com). It is an easy to understand approach to investing in these little known, yet highly profitable notes.  His program covers in detail the aspects of buying, managing, financing, and maintaining your investment in Discounted Car Notes.

Discounted Car Notes is a VAST, and at present, grossly UNDER-SERVED market. The industry is shunned by banks and financial lending institutions, and unlike the banking industry, the discounted car note industry is UNREGULATED. 

What is a car note? A car note is a debt instrument by which the borrower (customer) gives the lender (the car dealer) a lien on the car as security for repayment of the loan. The borrower has use of the car, and the lien is removed when the car is paid in full. If the payments are missed, then the dealer has the legal right to repossess the vehicle.

A note is typically created because there are not enough prospective buyers who can qualify for institutional financing. If that kind of financing were available, the dealer would have no reason to take back a note. Buyers are often willing to pay more for their cars and at a higher interest rate because they do not qualify for traditional loans.

Basically, car dealers, specifically the “Buy Here/Pay Here” lots, have cash flow problems.  Banks are often hesitant to loan these dealers money so it can be difficult for them to purchase new inventory. Banks do not mind lending money on real estate but it is very difficult to get a loan on inventory.  You, as an investor, can offer to buy existing car notes…loan papers on vehicles already sold…at a discount.  You receive a nice monthly or even weekly cash flow, the Dealer gets cash in hand so he or she can purchase more inventory and pay their overhead, and the Customer gets a car so they can go to work, school, etc.  A true Win-Win-Win situation for all parties!

Did you know that you can make huge returns investing in discounted car notes?  I typically make returns of 40% to 80% or more and I have virtually no competition.  This is truly the best kept investment secret that I have ever discovered. One of the nicest benefits about investing in discounted car notes is that they are relatively safe compared to other high-yielding investments.

Buy Here-Pay Here Dealers charge anywhere from 18% to 36% interest, depending on where you live, so that when you buy at a discount, you realize yields of 40% to 100%. In South Carolina the maximum allowable interest that a car dealer can charge is 80%. To learn more about how to invest in discounted car notes you can purchase your course “How to Invest in Discounted Car Notes” from the Noteworthy bookstore.