This page is best viewed with JavaScript enabled.

Car Financing


 


Auto Financing Through a
Traditional Bank
Who Benefits?
Amount Financed:$49,970.00
APR:8%
Years Financed:7
Monthly Payment:$778.84
Number of Payments:84
Total Amount Paid:$65,422.56
Total Interest Paid:$15,452.56
Volume of Interest Paid:30.92%
Interest Per Payment:$183.96
How to Reverse the $Flow
Auto Financing Through
Your Infinite Personal Bank
Amount Financed:$49,970.00
APR:8%
Years Financed:7
Monthly Payment:$778.84
Number of Payments:84
Total Amount Paid:$65,422.56
Total Interest Paid:$15,452.56
Volume of Interest Paid:30.92%
Interest Per Payment:$183.96

Traditional Bank Financing
(Bank gets P&I. YOU Only Get The Car!)
Depreciated Car Value:$10,500
Principal:$0
Interest Paid:$0
Total$10,500

Personal Bank Financing
(YOU get the principal, interest, and the car!)
Depreciated Car Value:$10,500
Principal:$49,970.00
Interest Paid:$15,452.56
Total$75,922.56


YOU HAVE A CHOICE
You can either increase or decrease your net worth when purchasing your next car!!!!