The concept behind BuyCarNotes.com is relatively simple.  You purchase car notes for a certain dollar amount, and receive a 17.64% annual return on your investment.  In this BuyCarNotes.com review, I will provide you with more information in regards to how this investment program really works, as well as my opinion as to it's legitimacy.  This is my unbiased BuyCarNotes.com review.

BuyCarNotes.com, as well as their sister site, InvestInCarNotes.com, are both ran and operated under their parent company, Triple T Motors.  Triple T Motors has been offering car notes to local investors in Oklahoma City since their inception in 2004.  Both BuyCarNotes.com and InvestInCarNotes.com were launched in late 2009 to capture more investors via the internet.

For customers who are unable to purchase or finance used vehicles through traditional banks due to credit problems, BuyCarNotes.com offers in-house financing in exchange for a 21% APR.  There are more than 20 dealerships in the BuyCarNotes.com network, and when customers purchase a used vehicle, a car note is then created.  BuyCarNotes.com then sells these car notes to willing investors to eliminate their negative cash flow, and investors receive a 17.64% return on their investment. 

When you as the investor purchase a car note, you are essentially purchasing the vehicle that was sold.  BuyCarNotes.com is responsible for maintaining the customer relationship to collect monthly car payments.  If for some reason a customer defaults on the car note that you have purchased, BuyCarNotes.com claims to replace the delinquent car note with another paying car note.  If this occurs, you will receive documentation explaining that you now own a new car note, and will continue to receive your monthly payments as if nothing ever happened.  BuyCarNotes.com reserves 25% of all car notes to replace any notes that become delinquent. 

When you purchase a car note, you are essentially loaning your money to BuyCarNotes.com in exchange for a 17.64% return.  The minimum investment that is required is $5,000, and you may purchase notes all the way up to $5,000,000.  You must keep in mind that you are loaning your money for a 12 month term, meaning that your investment will be locked up for a period of 12 months.  BuyCarNotes.com does not disclose whether or not you will have the ability to sell back your car notes if for some reason you need your money back. 

In my opinion, BuyCarNotes.com seems to be legitimate.  They do not appear to be a scam.  However, you must keep in mind that this is an investment, and one of a higher risk in my opinion.  I say this to ensure that you are not investing a large portion of your overall investment portfolio or your 'serious money.'  In making your investment decision, it is important to take into consideration your personal risk tolerance and time horizons.  With this being said, this type of investment may be appropriate for sophisticated investors.