Need advice on buying a Kirkham cobra

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#29 (permalink)

10-23-2008, 03:47 PM

jhv48

CC Member

Join Date: Aug 2007

Location: Carlsbad, Ca

Cobra Make, Engine: SPF 2932 with 438 Lykins Motorsports engine. Previous owner of FFR 5452.

Posts: 2,617

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[quote=RodKnock;891778]There is absolutely nothing wrong with financing a car purchase, especially using a HELOC, depending on one's financial and employment pictures. QUOTE]

Yes there is. A HELOC has a variable interest rate and the sky is the limit on how high it can adjust (gambling again).

Why not get a simple auto loan with a fixed interest rate for the life of the loan?

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