Should I Use My Line of Credit to Buy a Vehicle?Oct 25th, 2018
“Should I use my line of credit when purchasing a vehicle?”
We don’t recommend it.
A line of credit is usually tied in with your house. When you buy a vehicle with your line of credit you essentially add a second mortgage to your house. This could create issues for you down the road. Most lines of credit are fluid, whereas a car loan at Woodbine Nissan comes with a fixed rate and comfortable payments.