A Canadian registered co. based in Toronto Ontario
You should have put my money on deposit so that when I returned I would have received it back with interest.
- Matthew 25:27
Vehicle Financing is a wealth destroyer but a necessity for many. This process will allow you to utilize all the cost that is spent on vehicles for anything else including retirement
Vehicle financing & opportunity cost..
Assumptions are conservative. THIS IS AN EXAMPLE. This shows what the financier could have still had at their disposal if they financed more efficiently but instead their money just left them permanently.
This example shows a 40 year old who finances a vehicle at age 40 and every 5 years afterwards at $50,000 +HST until age 70 where they purchase the last one. This equals 7 vehicles
This example shows a 3% loan interest rate, 4% inflation rate, 35% income tax rate with a 5% return on savings if this money would have been able to grow otherwise.
Age 40. $50,000 + 13% hst + 3% loan = $60,914 and after 30 years would be $246,613 in forgone earnings
Age 45. $50,000 + 13% hst = $60,914 and after 25 years would be $178,713 in forgone earnings
Age 50. $50,000 + 13% hst = $60,914 and after 20 years would be $ in forgone earnings $125,804
Age 55. $50,000 + 13% hst = $60,914 and after 15 years would be $84,578 in forgone earnings
Age 60. $50,000 + 13% hst = $60,914 and after 10 years would be $52,454 in forgone earnings
Age 65. $50,000 + 13% hst = $60,914 and after 5 years would be $27,423 in forgone earnings
Age 70. $50,000 + 13% hst = $60,914 and after 0 years would be $0 interest in forgone earnings because he would be using the earning now.
This equals $715,585 in forgone interest PLUS the cost of the vehicles.
This would bring the real price-tag to $1,141,983 (715,585 + 426,398)
So the question you should ask yourself is:
Could I use an extra more than $1 million dollars at age 70 going into retirement or helping others just by changing where I'm making car payments?
This is simply done by redirecting the flow of your money using a well designed financing process with a specific tool you'll learn about in this website.
Your cash is growing daily, this is the key on how we "recapture" interest..
If we follow what the majority are doing financially, (allowing banks to control of our finances ) is it any wonder why we're not getting ahead?
Below you'll find an example of how to receive access to more cash than what you've paid in an expense payment. YOU are in control of the savings process and the vehicle to make this happen, not the bank.
Example...
From their incomes, Leonard and Olivia have been making deposits into their high cash value dividend paying policy for a few years already.. They decided to purchase vehicle for $85,000 (but this applies to any purchase and or debt.)
Some people start with deposits of $400/mth, others with tens of thousands or more. It simply depends on your ability and desire to grow your financing system and what your objectives are.
As the founder Nelson Nash put it.. "It must be a burning desire..."
This is Leonard and Olivia's scenario...
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Their saving system is 6 yrs old and it produces a daily cash growth of $32/day, this number increases annually, it has to.
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They received a no question collateral loan from their SELFiNANCE system (insurance co.'s money) for $85,000.
Daily simple interest from the loan is $14.43 (annual interest rate of 6.2%, $85,000 X .062 / 365 = $14.43)
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They are receiving $32/day and paying $14.43 interest. I think you'd agree they're ahead and doing well so far.
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Loan Repayment. They decided to pay back the loan to the insurance co. (which gives them access again) at $1,125/mth. They chose that number, not the insurance company. They chose a 96 mth term, no ones else. If they wants to skip a payment, 2 , 3... they can do that too. They're in complete control.
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Monthly savings system cash earned = $960 ($32/day X 30 days)
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Monthly (redirected to their system to use again) loan repayment = $1,125
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Monthly interest charged $432 ($14.43 X 30 days)
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MONTHLY TRANSACTION = $960 (interest received)
+ $1,125 (repayment to use again) - minus $432 interest paid = $1,653 (Having brand new access to a higher amount than the payment isn't such a bad thing..)
This process is more "caught" then taught.
If they didn't have a specially designed saving system, they wouldn't have been able to pay back a $1,125 loan and have access to NEW cash of $1,653 to upgrade vehicles or ______?