I can see using a Heloc to purchase a car. It’s purchase you would make anyway so you might as well get a tax deduction.
You are kidding me, right? That is the dumbest thing I’ve ever heard. A 30 year loan to buy a car. Most people drive a car, what, 6 to 7 years tops. That car will be scrap metal a time long before it’s paid for. And that car will cost you more than double the purchase price by stretching the payments over 30 years. A 25k car will be a 55k. No way will that pencil out in tax deductions, that like stepping over dimes and quarters to pick up nickels and pennies. I think if you can’t afford to buy a car with a 4 year loan then you can’t afford it.
