A home equity line of credit can still put you in a tough situation. If for some reason you would need to refinance, that amount becomes due immediately. Which means that you will have to finance a larger amount on the new mortgage. With the rates being what they are, my advice is to go with a car loan.
I know this only because I have done it and had to come up with cash real fast.
I know this only because I have done it and had to come up with cash real fast.