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Author: Army88 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744384  
Subject: Re: Car Leasing vs. Purchase Date: 2/2/2001 3:59 PM
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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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