Using Your Home Equity for a Low Interest Rate Loan or Line to Purchase a Car has its Advantages:

Home equity loan or line interest is usually tax deductible.
Monthly line of credit payments can be interest-only, meaning lower payments for your new car.
Home equity line rates may be lower than typical car loan rates since home equity line rates are based on the current Prime lending rate.
Use our tools and calculators to decide on using your home equity to purchase a new car.