If you’re looking to buy a car, the most traditional route is an auto loan, but it’s also possible to finance your vehicle using a home equity loan. To determine if using a home equity loan to buy a car is the best option for you, you need to know how to use a home equity loan for car purchases and when a home equity loan might be a better solution than a standard auto loan. The terms of these two loans are vastly different, so it’s not as simple as choosing the loan with the lower rate.
Can you use home equity for anything you want?
There are typically very few limits on how you can use