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"This is very tempting and I may go with it to get my used car. Remember, I'm not buying a new car or some used car like 25k. I'm planning to get a Honda Accord, either 1994 or 1995 in the range from 7k - 12k."

In that case, I suggest you consider the passbook loan idea I mentioned or simply buying the car by writing a check on margin. Consider the wise advice you have received on this TMF message board- particularly the fact that margin interest is tax deductible while interest on a credit card is not. The comparison is 8% margin interest which is deductible as opposed to 4.9% which is not only not deductible, but while blows up to double digit rates in a few short months. Plus, psychologically, if you do the margin, you will still retain the underlying securities should they appreciate in value.

Foolish Venturist
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