I'm paying $30 a month in interest on my car loan. I plan to pay it off by end of 2017. DH wants to pay it off by end of 2016, but I'm not in a hurry. The interest rate is low but I could deduct the equity interest on my taxes. I'm guessing by using the equity loan, I would save about $100 a year.
Would you get an equity loan for that small amount of savings? I don't have any other debt.
No, I don't want to sell the car and buy something else.
Our taxes are ridiculous and I'm just trying to brainstorm for ideas to save on taxes.