Henry is just an average salaried employee ...
Henry wanted to buy a new motor vehicle for 320,000. His old vehicle had a trade-in value of 125,000. He was looking for finance for an amount of 195,000, and was offered finance by a financial institution with a monthly installment of 4,873.74 per month over 54 months. He then created a budget for this amount in his monthly budget.
However, Henry heard from a friend that there is a product available on the market that shows you how to finance your own capital purchases through a technique called Hydraulic Debt Cancellation if you are a property owner with equity.
Henry decided to investigate in spite of his apprehensiveness ...
Henry decided to put it to the test and amazingly discovered that he was able to pay for his vehicle in 36 months in stead of 54. He will be repaying the mortgage on his home in 9 years and 5 months in stead of the 15 years repayment period that was still outstanding. In the process he will be saving 239,099 in interest (compared to his original mortgage) while the amount he borrowed to finance his vehicle only amounted to 201,000 (including mortgage costs).
He achieves all this without paying a single dime more than he would have, had he accepted the auto finance offered by the financial institution above!
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