I Own My Bank® helps you to finance new car purchases without relying on traditional loans and funding. How? You can become the bank!
Tired of struggling to secure a loan for a new car, or being stuck with bad interest rates that make the whole thing feel pointless? It's time to take back control. It's time to become the bank!
What's this all about, you ask? It's simple, really. The process is called the Infinite Banking Concept, and it was coined by the late R. Nelson Nash. Now you can master it thanks to this guide from I Own My Bank®, and make purchasing your next car simpler.
Get all the details at https://www.iownmybank.com/blog/b/car
The guide discusses the most common ways to approach the car acquisition process, comparing cash purchases with traditional financing. These are then contrasted against the IBC method - leveraging the cash value of an insurance policy as a means of funding the process.
For many people, buying a car is one of the largest purchases they will make, but it can be hard to secure reasonable interest rates or favorable deals. The IBC offers an alternative solution to traditional banks and lenders. By leveraging specially-designed whole life insurance policies, you can create a private banking system to finance major purchases. In the first 30 days premiums create cash value in the policy. You can then borrow against this cash value to buy cars and other big-ticket items outright, avoiding external financing.
Strategies akin to this have been used by the wealthy, such as John D Rockefeller, for generations, as it helps them to retain control of their finances. I Own My Bank aims to make this approach more accessible to everyday Americans looking for alternatives to conventional borrowing. The guide outlines the specifics of utilizing IBC for car buying - with links to further resources, including a detailed video explainer.
A spokesperson for the company states: "Infinite banking is a tool that the wealthy use to recapture the money they spend on things like cars. Instead of paying a bank to borrow money to buy a car, they become the bank and use their own money to finance the purchase. This allows them to set their own interest rates and repayment terms, and they can even earn interest on the money they lend to themselves."
Do you want to take back control of your own finances and stop paying so much interest? This guide is for you!
Check out https://www.iownmybank.com/blog/b/car for any extra info you need!