Thread: FJ > H2
View Single Post
  #81  
Old 03-02-2006, 08:58 PM
Mr. I - Man's Avatar
Mr. I - Man Mr. I - Man is offline
Hummer Authority
 
Join Date: Oct 2004
Location: In da Chi! I am not only the originator of the H.O.A.B. club. I am also a member
Posts: 1,309
Mr. I - Man is an unknown quantity at this point
Default

Taking away money or value from a solid asset and putting into a depreciating asset ( vehicle) and tack on interest taxable or not . Is not a good idea, unless you write the truck off as a business expense which I don't the FJ fits ( I dont think is GVWR is 6000LBS)the bill for that. And most home equity loans are variable so the interest will continue to rise, taking more money out of your pocket and out of the value of your home as time goes on.
Reply With Quote