12-12-2023, 01:13 PM
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CC Member
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Join Date: Feb 2014
Location: White City,
SK
Cobra Make, Engine: West Coast, 460 CID
Posts: 2,916
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Not Ranked
Quote:
Originally Posted by twobjshelbys
As I said, I know of no bank that will loan on a kit - they know that too many of these projects are never completed and since there is no title for security won't do a secured loan. If you have credit good enough to get a 50K unsecured loan then you don't need the loan.
Technically the interest on a home equity loan is tax deductible only if the proceeds are used for home improvements.
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If the car is in the garage how is that not a home improvement? LOL 
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Brian
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