: You are approved for a credit limit based on your home's equity (typically up to 80-85% of its value minus your mortgage).
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Use Home Equity to Buy a Car? - Mortgage - Experian heloc to buy a car
: Under 2026 IRS rules, interest on a HELOC is only deductible if the funds are used to buy, build, or substantially improve the home securing the loan. Interest on funds used to buy a car is not tax-deductible . Summary: Is it worth it? : You are approved for a credit limit