Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Buy a Car the Smart Way

24 Mar 2025 · 1 min

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A short talk explaining alternative strategies for buying a car, contrasting cash purchase, leasing, financing, and the ‘infinite banking concept’ using dividend-paying permanent life insurance. The speaker argues that using paid-up additions and borrowing against a policy’s cash value preserves growth, keeps loans private (not reported to credit bureaus), and maintains a permanent death benefit while enabling car purchase.

Chapters

When you go to buy a car, you can pay cash, you can lease, you can finance. You can utilize the infinite banking concept method. What's the difference between someone who paid cash for it and someone who financed it? You both end up back at zero. Why would you want to be in that position and posture financially if you could pay premium into dividend paying life insurance? Accumulate cash value, borrow against the accumulation without interrupting it on demand, on your terms, go and buy the car. The lien for the loan is not on the car. It's on the death benefit of the insurance policy. You own the car. The loan's not reported to TransUnion or to Equifax. It's private loan. You're not interrupting any of the daily growth of your cash value. You still have a permanent death benefit, which you didn't have in either of the other three options of buying the car.