First time post, but have long enjoyed reading this board.The finance manager at the dealership where I purchased my vehicle this past year made an interesting statement/axiom that I haven't quite figured the logic to. He was trying to persuade me not to use my home equity loan (roughly 10%, which I did use to purchase my car) but use his company's roughly 7% rate to finance my car. He said to generally not use a loan from an appreciating asset (the house) to purchase a depreciating asset (the car). The two rates seemed roughly equal counting the home equity tax deduction.
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