Auto Home Equity | Introduction

Bank Equity Introduction

How Best to Finance an Auto

Become a true banker by using the equity value of your home as capital to purchase your car and fund other big-ticket events.

By using your home equity as a money account, you can finance items with minimal cost — see our presentation on becoming a banker

Use the equity in your home to become a BANK
to pay for

your auto purchase
auto protection
insurance
maintenance
and any other auto obligations

by simply changing the ways you manage your money.

Instead of using your checking account to receive and payout funds, you will use your home equity line of credit account for all income deposits and expense pay outs.

View the illustrations below:

1st: Use the equity in your home to buy your car

Use your equity line to finance your auto purchase and other needs

auto protection
insurance
maintenance
other auto needs

2nd: Deposit all of your income into your banker home equity line of credit account

You will take all of your income sources and deposit them into your equity line account instead of your checking account. Deposit:

salary income
capital gains
savings
spare change

3rd: Now use your banker home equity account to pay family expenses

Use your banker home equity account to pay for everyday budgeted and planned expenses such as:

monthly bills
food and clothing
mortgage payment
budgeted card charges
other living expenses

use it like you would
use your regular
checking account
to pay for everyday
living expenses

Benefit: Your discretionary income pay offs your auto debt obligations FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the auto debt balance.

Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line of credit to live within your necessary means.

You can also use your banker account to finance other needs such home improvement, college and other.

Where to Next

First Step:
view this quick 10-point slide show that demonstrates how the Banker Line of Credit works: go to slide show
Second Step: making your auto purchase:
go to auto funding options
Third Step:
use this 10-step success plan for implementing and managing your BLOC: view 10-step success plan
Fourth Step:
see how the BLOC can be used to pay off your mortgage: view mortgage payoff plan

BANK EQUITY for Auto Buying

[view]Introduction
[view]Slide Demo
[view]BLOC for Auto Buy
[view] 10-Step Success Plan

[view] Home Market Valuations
[view] LTV Calculation
[view] Home Page

[view] Return to Auto Maker

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Bank Equity Introduction

BANK EQUITY for Auto Buying