A home equity line of credit (HELOC) is one of the most versatile personal loans on the market. The beauty of a HELOC is that you can put it into place and then use it for whatever you want.
That includes buying a car. It's called the HELOC auto loan. To see how this type of loan would suit your budget, test your situation using this free calculator.
Below are some of our most frequently asked questions about using a HELOC to finance a car.