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2010-2014 Mustang Information on The S197 {GenII}

2011 Mustang Financing

   
Old Apr 2, 2010 | 08:24 PM
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  #21  
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Ltngdrvr
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From: S.E. Texas
You almost for sure could have got as good a rate on a note on the car though.
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Old Apr 2, 2010 | 08:24 PM
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eci
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Originally Posted by elvism
home equity line almost always has better rate then a car loan..plus its there is a tax deductible end of the year on interest paid...your right on the house on the line..only if you default on payments.. I dont plan on it.
It is illegal to writeoff home equity line interest unless the money was used to improve your primary residence.
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Old Apr 2, 2010 | 09:24 PM
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pony racer
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Originally Posted by eci
It is illegal to writeoff home equity line interest unless the money was used to improve your primary residence.
he is improving it.. he's parking a mustang inthe driveway
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Old Apr 2, 2010 | 09:53 PM
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Ltngdrvr
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Originally Posted by pony racer
he is improving it.. he's parking a mustang inthe driveway
Hell of an improvement in my book!
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Old Apr 3, 2010 | 06:31 AM
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elvism
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From: jersey
google : using a home equity loan to purchase a car
and read advantages/ disadvantages...
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Old Apr 3, 2010 | 01:18 PM
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Dave07997S
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Originally Posted by eci
It is illegal to writeoff home equity line interest unless the money was used to improve your primary residence.
Or use it for purchase money...but you are correct.
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