How To Pay Off Your Car Loan With A Credit Card... Savings Edition

Поделиться
HTML-код
  • Опубликовано: 27 авг 2024
  • Need To Talk - moneymaxguy.co...
    Need HELOC - bit.ly/flheloc
    Need All Our Services - linktr.ee/velo...
    Get On My Subscriber List - sendfox.com/ve...
    🚀 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💥
    🔥 We've analyzed the top-performing videos on our channel, and we know that our audience loves practical tips and tricks to eliminate loans and maximize their financial potential. This video is perfect for those who are aged 35-54 and are looking to improve their financial situation. 💪
    📈 Dive into the world of velocity banking with us as we break down each mistake, explain why it's holding you back, and provide actionable solutions to help you overcome these obstacles. Don't let these common pitfalls slow down your progress towards financial freedom! 🌟
    👉 Don't forget to like, comment, and subscribe for more amazing content on velocity banking and financial freedom. Join our community of over 27,000+ subscribers and let's build a bridge to financial freedom together! 🌉
    🎯 So, are you ready to avoid these common velocity banking mistakes and accelerate your debt payoff? Let's get started! 🚀

Комментарии • 37

  • @Lisa-nt7wt
    @Lisa-nt7wt 8 месяцев назад +17

    Yes Sir I am debt free on my vehicles because I listened to you !!!!😊

  • @theenterprisingwoman5654
    @theenterprisingwoman5654 8 дней назад +1

    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.

  • @TekkAmaku
    @TekkAmaku 8 месяцев назад +6

    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

  • @datnohi8612
    @datnohi8612 5 месяцев назад +4

    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

  • @ewandric
    @ewandric 8 месяцев назад +6

    Always appreciate this brother's energy and information.

  • @briandeluca6908
    @briandeluca6908 8 месяцев назад +11

    So pretty much you should of just paid the car with the savings

    • @user-hm2ic1xz2g
      @user-hm2ic1xz2g 3 месяца назад +1

      Because were using others people money to build wealth not our own

  • @sakuraXhinataMix2
    @sakuraXhinataMix2 6 месяцев назад +4

    I think you just changed my life 😯

  • @HollyMusic72
    @HollyMusic72 3 месяца назад +3

    You can't pay a car loan with a credit car, so I don't get it

  • @HermanMelendez
    @HermanMelendez 4 месяца назад

    Thank you so much, I've learned so much from you! Sharp guy : )

  • @hedgefund996
    @hedgefund996 8 месяцев назад +1

    Awesome Educational Content, By The Way You Have A New Subscriber

  • @TheRichierich1984
    @TheRichierich1984 7 месяцев назад +6

    How do you use a credit card to pay for car loan my lender wont allow me to use a credit card to pay

    • @devonmorris2544
      @devonmorris2544 6 месяцев назад +2

      That’s the big question. I understand the concept how can you use the credit car to pay?

    • @ghostcat98
      @ghostcat98 28 дней назад

      most credit card companies allow cash advances with a small fee

  • @Tno_Dre
    @Tno_Dre 3 месяца назад +1

    I’m trying but I don’t get it

  • @babyj5261985
    @babyj5261985 7 месяцев назад +4

    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?

    • @Boypatis
      @Boypatis 6 месяцев назад +1

      Correct 👍

    • @DopeWithoutDope
      @DopeWithoutDope 5 месяцев назад +3

      I can tell you didn't really listen and understand the video

    • @babyj5261985
      @babyj5261985 5 месяцев назад +2

      @@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.

    • @DopeWithoutDope
      @DopeWithoutDope 5 месяцев назад

      @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

  • @anesu4548
    @anesu4548 3 месяца назад +1

    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?

  • @MotorCityEastSide
    @MotorCityEastSide 8 месяцев назад +1

    Hi sir, how much is your service? I just need advice on how to get started. Thanks

  • @NewbieSoaper
    @NewbieSoaper 5 месяцев назад

    I am learning. Still a little lost 😂. BUT I knew there’s a faster way to pay off these darn vehicle loans.

  • @jbzingen
    @jbzingen 8 месяцев назад +1

    Can you talk about how to pay off IRS debt

  • @irvinbocardo6598
    @irvinbocardo6598 2 месяца назад

    What credit cards let you pay auto loans?? My Wells Fargo doesn't let me pay for my auto loan.

  • @banc8704
    @banc8704 3 месяца назад

    My thing is trying find or find right LOC

  • @jackweeds1
    @jackweeds1 7 месяцев назад +2

    Toyota doesn’t take Credit Cards what do I do now?

    • @velocityc
      @velocityc  7 месяцев назад

      @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

  • @babyj5261985
    @babyj5261985 7 месяцев назад +2

    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.

  • @babyj5261985
    @babyj5261985 7 месяцев назад +2

    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.

    • @Boypatis
      @Boypatis 6 месяцев назад +1

      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😂

    • @umeikajackson3661
      @umeikajackson3661 6 месяцев назад +5

      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!💡

    • @babyj5261985
      @babyj5261985 6 месяцев назад

      @@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.

    • @Mac_Raymond
      @Mac_Raymond 3 месяца назад

      ​@umeikajackson3661 if you pay with your savings you still have the whole 15k LOC to fall back on

  • @Boypatis
    @Boypatis 5 месяцев назад

    Smart move bro. Now I understand your video. Thanks for good idea 👍 🫡