: Most HELOCs have variable interest rates. If market rates rise, your monthly payments will increase.
Using a to purchase a vehicle allows you to leverage your home's value to potentially secure a lower interest rate or more flexible repayment terms. However, this strategy involves significant risks that differ from traditional auto financing. How It Works heloc to buy a car
: Once the draw period ends, you enter a repayment phase (often 10–20 years) where you pay back both principal and interest. : Most HELOCs have variable interest rates