You are here:
| Car Financing P2 |
|
Car Financing cont'd: Car Financing Using Your Credit Union Savings Account... Indeed!. The total 40 year cost would still be just over $240,000.00. If you could maintain a 3% savings rate of return over 40 years. Your savings would accumulate to $65,841. You would of course, keep the $6,000.00 used car.
Boy! $65,841 is a lot better, but you still lose access to most of the money you save and the auto dealer keeps your $240,000. What if you had a way to finance the cars yourself just as the bank does - and capture both the principal and interest that you used to buy the cars - just as the bank does?
As in the savings example, you would accumulate the first $24,000.00 in your EUREKONOMICS™ Account to buy the first car. You would then repay yourself just as you repaid the bank - but, with one very significant difference. You would get to keep the entire principal and interest you pay into your own account (not the bank's account) and your money - all the money you borrow and all the money you repay to yourself - is working all the time...just like the bank's money. The result; you add over +$657,000 to your net worth and you still keep the $6,000.00 car. Compared to bank financing that's a gain in net worth of almost +$1,000,000. Car buying can be fun when you use your EUREKONOMICS™ Account. It doesn't stop there either. You can use your EUREKONOMICS™ Account and recapture much - if not all - of the money you spend on your life and lifestyle. You can have everything you need and anything you want...don't use the bank...use your EUREKONOMICS™ Account as if it were a bank...do what the wealthy have done for ages...it's easy...you can do it...we can show you how. Comments (1)Subscribe to this comment's feedWrite commentYou must be logged in to post a comment. Please register if you do not have an account yet.
|
