HELOC vs Auto Loan

Is an Auto Loan or Home Equity Line of Credit (HELOC) best for purchasing a car?

Compare the monthly payments, total payments and tax impact of each to see if an auto loan or HELOC offers a preferred method of financing. 

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.