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Christien Christien is offline
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Join Date: Nov 2004
Location: Hamilton, Ont.
Posts: 7,000
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I kind of agree with Jeff here. Taking out a home equity loan to buy an unnecessary car doesn't seem like the best of ideas, especially with the way the US economy is looking right now. (would be different if you needed the car to get to work to earn a living) But I think if you can plan it right, expect the economy to tank, look at how that affects housing values, look at worst-likely-case scenarios for your employment future, when the HELOC will be paid off, and still have the numbers come out right, you should be fine.

I wouldn't ever jeopardize my family's well-being (or even comfort) on a luxury item, but we all know that realizing a dream can mean so much more than just a car. And like you said, with a car such as a vintage 356, with all the right things in place, you don't get a chance very often. So if you can do it safely, with careful planning, and with the blessing of your wife, maybe you can make it work.
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Current: 1987 911 cabrio
Past: 1972 911t 3.0, 1986 911, 1983 944, 1999 Boxster
Old 02-08-2008, 05:54 AM
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