|
Phil, we actually used our home equity lone to do this financing. This allowed us to put both the Montana and tv on a tax deductable, interest only, loan. We have in the past paid for cars and BIG expenses the same way. BUT, now that we are retired, yeah, we don't make enough money to go long form for the irs. A note also, sometimes the interest is lower than on a car or truck or the Montana. I purchased the tv on an interest free loan, so no deduction there, but I used their money, so a good tradeoff! The dealer finance guy was real upset when I wrote them a check for the Montana, cause he didn't get a kick back. He couldn't match the interest rate. Just food for thought.
|