Which one makes more sense~???

[OhSoPrecious]

You want to buy a car. . . but, do not want car payments. . . You have two options. . .

So, which one makes more sense~?? :confused:


#1 - Take out a Home Equity Loan to buy the car & possibly pay off some bills. . . also.

#2 - Take money from an Investment to buy the car.




What do you think~?? :rolleyes:

[SeaDuceme2]

I would go with the Home Equity Loan, being the prime rate just dropped down to 5.00% last week. your monthly equity payment is going to be a helluva lot less than a car payment..

stock market right now is at a stand still as far as investments..everybody is just trying to recoup what was lost due to the market crashing.

[djackso]

Home Equity Loan because the interest in a itemized deduction on your Schedule A which means you get the loan interest free.