CarFoxes is a program that recently entered the “Silver” listing on EmilyNews Monitor. As far as we see, at the moment, it has reached 24 days online.
Let’s check what information it provides for site visitors and investors:
About us
The first investment company in its industry.
The history of US auto auctions spans over 75 years. Today it is a dynamically developing segment of the market that is not less relevant and becomes more and more popular from year to year. In the last 10 years, cars bought at auctions in the USA and Canada have been in demand far beyond these countries. And the huge demand in the domestic consumption market was joined by the demand of car consumers from other countries.
When buying a vehicle at an auction, a potential car owner has a wide choice in terms of model, technical condition, and acceptable price. It should be noted that the cost of a car in exactly the same configuration and condition can range from several hundred to several thousand dollars.
The reason for this price spread is the excitement of buyers from different parts of the world, who can place bets online on the car they like and compete among themselves for the right to buy this lot. Thus, its initial cost can be increased several times! And this is not surprising, because the price range for cars in different countries is different, and each buyer has their own maximum level of reasonable cost for which they are ready to purchase one or another car.
Professional platform CarFoxes
History of our company
The global trend of the last 10-15 years, which is actively gaining popularity, is the purchase of damaged cars from the USA.
These are the cars that have been damaged in an accident or for other reasons. Such cars are recognized by the insurance company as completely written off (total loss, salvage), and not subject to restoration (or the cost of restoration exceeds its current price), they cannot be used on American public roads, and for this reason are subject to disposal. These cars are sold at auctions to buyers from other countries, where repairs cost less than in the United States, and there are less stringent technical requirements for the restored car from the regulatory authorities that give permission for restored cars to drive on public roads.
Our history began 2 years ago when our founder, Mr. Maksim Lobanov, was a manager at Copart Auto Auction in Florida. Observing the mechanism of the auction, and understanding all the intricacies of this business “from the inside”, he decided to found his own company CarFoxes, which would deal with arbitration at car auctions.
Our business is based on an active investment strategy with low risk values. We buy some cars at the lowest price at an IAAI (Insurance Auto Auction) insurance auction. This is one of the most reliable sites in the United States, which is distinguished by serious control over lots. Only car dealers have access to it. After buying the lot, we immediately put it up for resale at Copart and Manheim auctions, where these cars can be purchased by absolutely all buyers from around the world. We also trade internally within Copart and Manheim auctions. Our managers know certain subtleties of this business, and will be able to predict with high accuracy at what moments it is necessary to purchase cars at a low cost for their subsequent sale at the same auction, but at a higher price.
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Risk warning
When registering on the platform, the user confirms that they are aware of the possible risks when working with investment products.
We ensure the safety of all investments and personal data of clients using contemporary security systems. However, risk is part of any business and investment process. Although CarFoxes operates under strict guidelines, platform users should be aware of all the risks involved. They are disclosed in the “Risk Disclosure”(read in full (pdf)) we recommend that you read this document before investing. By registering on the site, you as a platform participant confirm that you have read this document and agree with all of its provisions.
This platform offers 6 different investment plans for all investors. Let’s take a look:
Daily plus: 0.5% Daily for 3 working days, min. deposit – $50, Profit for the term – 1.5%, Principal Back
Daily plus: 0.8% Daily for 7 working days, min. deposit – $251, Profit for the term – 5.6%, Principal Back
Quick return: 1.2% Daily for 15 working days, min. deposit – $50, Profit for the term – 18%, Principal Back
Quick return: 1.4% Daily for 25 working days, min. deposit – $5001, Profit for the term – 35%, Principal Back
Profitable asset: 4% Daily for 40 working days, min. deposit – $10000, Profit for the term – 160%, Principal Included
Profitable asset: 3% Daily for 60 working days, min. deposit – $50001, Profit for the term – 180%, Principal Included
It’s quite clear, that during the first stages (cycles) the both “Daily plus” plans AND “Quick return(1.2%)” plan will be used by 98% of investors. Further promotion and gaining more authority / credibility can also increase the popularity of other plans, though..
*I should note that CarFoxes has a fairly well-developed online calculator right on the main page. With the help of it, each of the investors will be able to see in sufficient detail main points of the selected plan and the estimated deposit amount. Relative to many other programs, this calculator is really made conveniently, efficiently and simply.
Let me interrupt myself here. We’ll make a Review of the CarFoxes platform very soon. We will do our usual math to better understand offered investment plans and to see their pros and cons.
Check other news for today and Please stand by..
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