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How are the payoff terms? Are they at least fair market value for the cars in question?
I'm not a big fan of leases or debt. But if your plan is to use the HELOC to pay off the leases, then sell the house and pay off the HELOC, that makes sense because you end up with two paid off cars.
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‘07 Mazda RX8
Past: 911T, 911SC, Carrera, 951s, 955, 996s, 987s, 986s, 997s, BMW 5x, C36, C63, XJR, S8, Maserati Coupe, GT500, etc
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