Should I use a home equity loan to buy a car?
Key takeaways
- Generally, you shouldn't use a home equity loan or HELOC to buy a car.
- Although they may offer longer terms and lower monthly payments, home equity loans currently carry higher interest rates than auto loans.
- Because cars lose value over time, they're not worth the risk of diluting your ownership stake in your home and risking foreclosure. Читать дальше...