A first in the domain auction space, Aftermarket.com has announced zero percent financing on domain name auction purchases made at the Domainer Mardi Gras auction. The six-month interest free financing will debut at the conference and be available thereafter for all Aftermarket.com domain purchases greater than $5,000 (terms details below).

“At Aftermarket.com and at Domain Consultant, the primary considerations in creating a successful auction always include the state of the industry, the state of the individual domainer and the buyer”, explained Susan Prosser on the DomainTools Blog – which, like Aftermarket.com, is run by Thought Convergence. “Having immersed ourselves in the domain industry for many years, our teams understand what makes buying and selling successful and recognize the need for constant innovation in this process.

That being said, when it came time to discuss the upcoming Aftermarket.com live auction at Domainer Mardi Gras, taking place February 21st, 2009, our teams focus centered on the current needs of the buyer and the seller. We determined that current buyer and seller issues involve cash, which is at a premium, and cash flow, which is currently in a tenuous and trending downward.

As a result, Aftermarket.com is excited to now offer six month zero percent financing for all Aftermarket.com domain purchases greater than $5,000.”

Here are some of the financing variants in greater detail:

• Financing terms: 6 months
• 30% down payment required
• $5000 minimum domain value available for financing
• Funds remain in escrow until all payments received
• Domain(s) DNS changes to buyer during financing term (this allows buyer to earn income, but control of domain ownership remains with Aftermarket.com/Thought Convergence)
• Buyer defaults – seller receives payments made to date (minus handling fees) and the domain returned
• All payments are non-refundable

[via DomainTools Blog]

Filed under: Domain Name News