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Is an Auto Loan or Home Equity Loan best for purchasing a car? Home Financing Personal Financing Investment Retirement Lease Calculator disclaimer. Home equity loans generally often have lower interest rates than auto loans and the interest may be tax deductible. This calculator helps determine if a home equity loan may be better than standard automobile financing for purchasing a car. Home equity loans often have. The home equity loan will cost you, in today's dollars, $1, less than the vehicle loan ; Shared Loan Info · Down payment · Must be between $0 and $, ; Home. This calculator helps determine if a home equity loan may be better than standard automobile financing for purchasing a car.
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What Should I Do With My Home's Equity?