In a chaotic world who needs financial instability. At Eprivatebank.org we help you build a sound foundation on which your financial future can rest. In terms of world history our country, the United States of America has been around for over 200 hundred years. Why not take advantage of financial expertise that has been around almost as long?

 

If you have a bank account you are a consumer of financial products!

Eprivatebank is on a quest to make you a smarter consumer of financial services. If you have all the facts when considering borrowing money then you might have second thoughts about taking that loan. 

Let’s take the typical 5 year car loan. If the car costs $20,000 and you will drive it 15,000 miles a year, the bank will charge you 2% interest for those 5 years.

Let's look at who wins and who loses:

·         THE CAR COMPANY AND DEALER who are paid right away

WIN

·          THE BANK is charging you 2% and paying its savings account holders 0.5% so they are making 1.5% on the amount you borrowed

WIN

·         THE GOVERNMENT collects taxes and license fees

WIN

· YOU have a car to drive that when you pulled out of the dealership is worth $16,000 ($4,000 less than you paid for it) you have put $2,000 down and paid the state and local taxes

LOSE

Looking down the road 5 years:

You have a car with 75,000 miles on it, worth a fraction of what you paid for it and no more warranty coverage. The bank has their money back plus the interest you paid them. The car company has the profit from selling you the car. The government enjoyed the taxes and fees you paid on it.

Eprivatebanking says:

How about if you end up with the money in your bank earning interest for you after five years?

AND THE CAR!