Infinite Banking Financing Strategies For Car Buying, Beginner’s Guide Released

With their new report, ‘I Own My Bank’ wants to make it easier for consumers to consider all their options when buying a new car, and help them decide more easily which one suits their current and future financial situation.

More information is available at https://www.iownmybank.com/blog/b/car

With the recently released guide, individuals will also learn how and why using Infinite Banking strategies for any large purchase can help them avoid high interest rates and fees that exponentially increase the amount they pay.

Despite the world rebounding from the pandemic, many individuals are now feeling the financial strains caused by the continually rising cost of living. Because of these challenges, it is crucial for those wanting to make larger purchases, such as a car, to be aware of the most efficient strategies to reducing overall costs. That’s why ‘I Own My Bank’ has released a report on financing a car purchase and the benefits of Infinite Banking.

As the report explains, the most common mechanisms for purchasing a new car are direct cash payments, bank financing, or leasing. However, all of these options come with their own challenges, such as the need to have the full amount of cash readily available or the constantly rising interest on bank loans.

To give readers an alternative financing option for buying a car, ‘I Own My Bank’ explains the Infinite Banking concept, which utilizes whole life insurance policies as a means of paying for assets that is independent of banks or lenders. Developed by economist Nelson Nash, Infinite Banking can also be used to generate personal wealth and grow an individual’s retirement savings by funding the purchase of assets such as stocks and shares.

Readers who want to learn more about Infinite Banking and how they can get started implementing the concept for their own finances can sign up for an in-depth webinar hosted by ‘I Own My Bank’s’ team.

A spokesperson for ‘I Own My Bank,’ said, “Our platform teaches you to take control of your own financing by leveraging the cash value of your insurance policy to fund your purchase.”

Interested parties can find more information by visiting https://www.iownmybank.com/blog/b/car

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COMTEX_434533379/2764/2023-06-07T13:37:32