With this book from Chris Naugle, called ‘Drifting Away From Traditional Car Buying’, you can learn a powerful new way to buy a car without relying on traditional loans.
If you’re tired of the banks and lending institutions having you over a barrel when it comes to buying a new car, you don't want to miss this book. I Own My Bank recommends it as an innovative new way to fund any high-value purchase!
'Drifting Away From Traditional Car Buying' by Chris Naugle examines the Infinite Banking Concept (IBC) - a process taught by R. Nelson Nash in his own definitive book on the subject. You'll learn how to use whole life insurance policies as dividend-paying assets through accrued equity.
Get all the details at https://www.iownmybank.com/blog/b/car
The book teaches an actionable way that you can 'become your own banker' through the IBC, disrupting the traditional methods of payment that society has been taught for decades. You learn how to leverage compound interest for your own means, rather than paying it to banks or lenders.
The traditional car buying process of cash purchases, financing, or leasing often presents challenges for consumers, Chris Naugle explains. Cash purchases drain savings accounts, financing saddles buyers with interest payments, and leasing forces people to make perpetual monthly payments without building equity. In the book, he offers an alternative method to avoid these pitfalls.
As R. Nelson Nash found, the average US household spends 20% of its income on purchasing and maintaining vehicles. To help combat this, the IBC uses whole life insurance policies to fund large purchases like cars while simultaneously building cash value that can be borrowed against in the future.
Chris Naugle uses his own car purchases as case studies. He details how he bought an Audi A8, Audi S4, and Porsche Cayenne Hybrid all using the IBC instead of traditional loans. His personal examples demonstrate how you can implement the strategies for your own vehicle purchases.
The book lays out step-by-step instructions for leveraging the IBC's unique attributes. 'I Own My Bank®' also created a detailed guide on the subject, which compares the above-mentioned payment options alongside an instructional video breaking down how banks use your money, and how you can use these strategies for yourself.
Discussing the IBC as a payment option for vehicles, a spokesperson states: "Getting a car can be a daunting task, but with the right approach and information, you can make the process much smoother and more manageable."
If you want to make your money work for you instead of someone else, you need to read this book!
Check out https://www.iownmybank.com/blog/b/taxes for any extra info you need!
