How To Pay Off Your Car Loan With A Credit Card... Savings Edition
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- Опубликовано: 27 авг 2024
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🚀 Are you ready to turbocharge your financial freedom journey? In this video, we'll uncover How To Pay Off Your Car Loan With A Credit Card... Savings Edition💥
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Yes Sir I am debt free on my vehicles because I listened to you !!!!😊
Thank you so much for this video because I have about $4000 remaining on an auto loan and I’ve been thinking about paying it off with a credit card. Your knowledge and mathematics makes it easy to understand the benefits and pros and cons of doing so.
Been applying these principles for 6 years, CJ you're the greatest. The MoneyMax combined with this concept is mind blowing and builds a lot of confidence
I love ❤️ when the teachers teach and motivate i have alot of credit utilization and never knew or even afraid to mess with it but sense I learned this strategy i do not do closed ended loans anymore, I leverage my credit, i used this to pay my home off and now im using it to pay off a brand new car, it's terrorize me to use that credit but hey this strategy is definitely a game changer especially with these huge closed ended loans that tie my income up for years, preventing me from saving and even paying down debt
Always appreciate this brother's energy and information.
So pretty much you should of just paid the car with the savings
Because were using others people money to build wealth not our own
I think you just changed my life 😯
You can't pay a car loan with a credit car, so I don't get it
Thank you so much, I've learned so much from you! Sharp guy : )
Awesome Educational Content, By The Way You Have A New Subscriber
How do you use a credit card to pay for car loan my lender wont allow me to use a credit card to pay
That’s the big question. I understand the concept how can you use the credit car to pay?
most credit card companies allow cash advances with a small fee
I’m trying but I don’t get it
Even the idea of paycheck parking to the LOC is not smart. If you have disposable income, why not just pay extra on the car loan?
Correct 👍
I can tell you didn't really listen and understand the video
@@DopeWithoutDope naw I understand it perfectly it's just dumb. But since you think I don't understand it, why don't you explain it to me.
@babyj5261985 when you pay an auto loan your money is spent. When you pay on a credit card you still have access to the money when you pay your balance down which increases your cash flow
I have 9k left on my car and an LOC of 20K. If I sell my car I can get $14k-$18k. Is it wise to advertise the car. If I find a potential buyer, pay off the car with my LOC then once the car is sold put the money back in my LOC and save the rest? Does that sound logical?
Hi sir, how much is your service? I just need advice on how to get started. Thanks
I am learning. Still a little lost 😂. BUT I knew there’s a faster way to pay off these darn vehicle loans.
Can you talk about how to pay off IRS debt
What credit cards let you pay auto loans?? My Wells Fargo doesn't let me pay for my auto loan.
My thing is trying find or find right LOC
Toyota doesn’t take Credit Cards what do I do now?
@jackweeds1 Great question. Have you ever heard of Plastiq? I also have a class that goes over Velocity Banking in more detail and in a user-friendly format: bit.ly/VelBan2
or
You can schedule a call:
calendly.com/g12group/velocity-channel
Even the idea of paycheck parking to the LOC is idiotic. If you have disposable income you can just pay extra on the car loan.
Make no sense at all.... Literally I would just pay the car off with my savings. Using the LOC to pay the car and then having to pay back the LOC is crazy. You're not gaining any interest that way. You should just have a high yield savings account or mutual fund to gain interest.
He’s making money with it 😂 maybe those people’s are not think what this guy talking about 😂 good luck guys to those people who’s believing this guy lmo😂
When you pay LOC back, you have that money to use again. If you pay the car loan, your money is gone. Think about it this way and maybe it’ll make more sense to y’all. You get to reuse your money!💡
@@umeikajackson3661 no you get to use the LOC again. The money is still gone. It's the exact same thing as using a credit card. It's nothing special about this.
@umeikajackson3661 if you pay with your savings you still have the whole 15k LOC to fall back on
Smart move bro. Now I understand your video. Thanks for good idea 👍 🫡