Home Equity Loan vs. Auto Loan

Consider the road less traveled

Everyone knows the routine. You want a car. You get a car loan. But there's another option. Under certain circumstances, home equity loans might have lower interest rates than auto loans, and the interest could be tax-deductible. Use this calculator to figure out which works best for your situation.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Disclosures:

You should enter figures that are appropriate to your individual situation.The terms and conditions of products offered by institutions will differ and may affect the results of the calculator.

We encourage you to contact our Personal Service Representatives regarding your financial needs.