Financing Options at Rick Latona Auctions are Better
September 10, 2008 by Rick Latona
FOR IMMEDIATE RELEASE:
Rick Latona Auctions Partners with Domain Capital.
Atlanta, Georgia USA – September 10, 2008 – Today, Rick Latona Auctions, LLC and RickLatona.com, LLC announced a partnership with Domain Capital to finance domain name purchases.
Typically, Domain Capital finances up to 60% of the purchase price, requiring a 40% down payment by the buyer. However, for a limited time, Latona Company clients have to only put 30% down on domain name purchases. The Latona Companies will take care of the remaining 10% of the down payment on the domain name.
Asked about it, Rick Latona said, “To thank our clients for their confidence and business, the Latona Companies are providing an outstanding monetary value-add for purchases through our opt-in newsletter and auctions. Now someone can buy a $100,000 name with just $30,000 down instead of $40,000 down because we are putting up $10,000 of the down payment. Domain Capital offers a great product and this is our way of thanking our customers for their business”
About Domain Capital:
Domain Capital is a financial services company that offers financing to businesses based on the inherent and recognized value of premium domain names. Our vision is to innovate exciting new financial products and services designed to enable entrepreneurs to exploit new business models. For more information, go to www.domaincapital.com.
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Note: Please ask questions about this. I realize that it may come across as a bit confusing but this is the real deal. I will make 10% of your down payment for you!
Gee thanks, Rick. I finally talk myself into focusing on what I’m doing, and you come along with this and make me seriously consider getting into domain investing
Does this apply to any domains purchased at any auctions run by Rick Latona Auctions?
Until I say otherwise, it applies to any domain sold through my newsletter or one of my auctions.
Well, that’s enough to push me over the edge. You have a new newsletter subscriber and auction watcher.
What will be the rates (% interest) rick?
I can’t speak for Domain Capital, Colin. I can tell you that this won’t increase their normal interest rates. It’s just something I am doing for my customers.
Rick,
What exactly do you mean by saying that you will take care of the remaining 10% of the downpayment? Are you actually putting down the remaining 10% or is Domain Capital just essentially lowering the downpayment to 30% for customers of Rick Latona?
If in fact you are covering the remaining 10% to bring the downpayment to 40% what terms will you be charging the purchaser of the domain name as I do assume that you want repayment of the 10% you put up.
Additionally, when you say the Latona Companies does this extend to customers of your AEIOU service? For example if I purchase a name through a different auction than your auction service but I agree to develop a mini-site through AEIOU within a stipulated timeframe after the purchase would this qualify for reduced downpayment?
Maybe a stupid question.
I asked to DomainCapital a pair of times in the past without getting a response.
But these loans are only for US residents?
Francois,
Which customers Domain Capital loans to remains entirely up to Domain Capital. That said, if you want financing for a name I’m selling, I still own DigiPawn.com so let’s talk.
Shiphouse, You will be paying the entire 70% back to Domain Capital. This offer does NOT extend to names purchased through other auction services, even if you need our design. I need to be selling the domain for my model to work.