FAQ’s
Q: What is MyNextMotor.Net?
MyNextMotor is a Washington State CarFinder™ that obtains vehicles for interested car shoppers at reasonably priced flat-fees. Car shoppers design a profile of the exact car they would like, and MyNextMotor goes to work finding that car from its local sources.
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Q: Where does MyNextMotor get its vehicles?
A: Chiefly from four highly reputable sources and name brands.
- Lease Returns from Local Dealers including:
BMW Financial, Mercedes-Benz Financial, Nissan Motor Corp, Toyota Financial, Ford Motor Company, Kia Motors America, Hyundai Motors, and more.
- Repossessions from National and Regional Lenders like:
Solid institutions like Bank of America, BECU, Chase Group, and more.
- Reconditioned Low Mileage Prior Rentals from:
Nationally known names like Avis, Enterprise, Budget, Hertz, etc.
- Local Dealer Trades
By searching for and finding hundreds of fresh trade-ins that pour in every week to dealers.
Q: How much does MyNextMotor cost?
The car buyer pays MyNextMotor a flat-fee in advance of bidding based on the purchase price of the vehicle. These fees typically range from $500 to $2,000. Most vehicle buyers find that the flat-fee is easily off-set by the generous savings negotiated by MyNextMotor’s unique CarFinder ™.
Q: What happens to the flat-fee if I do not win the vehicle?
You have the option of having the fee returned to you in full or choosing for MyNextMotor to apply the fee to another vehicle. Most buyers choose the latter option.
Q: What is CarFinder™?
CarFinder™ takes the misery out of car shopping. Because the majority of the time is spent trudging from car lot to car lot (defending against car salesmen), most car buyers never get a chance to concentrate on the details of their vehicle purchase. CarFinder™ helps vehicle shoppers find exactly the car they want, without the pain and suffering associated with traditional car shopping.
Q: How is it possible to purchase a vehicle without a test drive?
Thousands of happy car-buyers across the country are purchasing their vehicles using a dealership-free method that allows them to find and purchase a vehicle from the comfort of their home or workplace. It is considered the “wave of the future” and is expected to replace the old method of brick-and-mortar car dealerships over the next 20 years. With this system, each car is subjected to a rigorous multi-stage process with optional features like an inspection from a licensed third-party mechanic, car title checks, and much more.
Q: Does MyNextMotor offer financing?
Through its affiliation with solid local financial institutions, MyNextMotor can help you find a financing arrangement that works for you—and gets you in the driver’s seat. We offer the same competitive rates as the dealers, and lenders themselves.
Q: What is an off-lease vehicle?
Off leases are typically late models. Lease vehicles are usually brand new vehicles that are owned for around 3 years. The original owner drives the depreciation off, leaving great buys on late model year vehicles. Mileages are fairly low. Because of strict factory mandates for mileage, these lease return vehicles are mostly low mileage units. Off leases are also well maintained. Lease vehicles come with a maintenance program. Any work done on these vehicles is by the best technicians for the job. Finally, and best of all, many are still under original factory warranty. Many of them carry their manufacturer’s warranty, which can be utilized at any participating dealership.
Q: What is a local trade-in?
Local trade-ins often come with a wide year range, and are in all types, sizes, and models. Many of these trade-ins are sent to the auction because dealers need the money or the vehicle may not fit their inventory. Pricing is very flexible with trade-ins, and MyNextMotor is committed to maximizing every dollar that you wish to devote to your vehicle. To increase value, many consigning sellers guarantee their vehicles. For such vehicles, a Post-Sale Inspection (PSI) provided by a licensed third-party mechanic is available for a fee. This inspection checks for any un-seen frame damage, or major mechanical malfunctions. To view the specifics of the PSI Program, visit the Terms of Use Section.
Q: What are repo’s and rentals?
Repo’s and rentals are a great value for the car shopper. Often, entire fleets of rental cars are being liquidated due to the volume of a certain model’s availability. This drives the prices even lower than regular wholesale pricing. Repo’s are bank-owned, and the bank wants nothing more than to drive these vehicles off their books (a winning solution for the savvy car buyer). Companies often increase the value of their rentals by adding new tires, windshields, and other upgrades to make the vehicle in perfect condition to drive home right away. Finally, many rentals come with factory warranties. Check with the individual manufacturer to get specific information on factory warranties.