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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (8524)	8/30/2001 5:52:45 PM
From: Libbyt	Read Replies (1) of 57684

>BAC announced that they will take a ...write off (loss) in the upcoming quarter from the sale of auto finance businesses< Something that has changed in the last few years is the home equity line of credit. When considering the need to purchase a car loan or use a home equity loan for the purchase, some accountants might push their clients towards a home equity line of credit. It is my understanding that interest on a home equity loan is a deductible tax expense, but interest on a car loan is not deductible. Nows good time to shop for one. I've been shopping for a new car, and you're right the various dealers are offering many incentives in order to help their sales.

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