It's a vehicle loan that uses the equity you have in your home, allowing you to purchase a vehicle at a great rate and to possibly deduct the interest you pay on the loan from your taxes. They are available on both new and used vehicles.
A Tax Advantage Auto loan from Coastal may allow you to deduct your auto loan interest payments. This can result in significant savings compared to a regular auto loan, which does not allow the deductibility of loan interest. If applicable (check with your tax advisor), the deductibility of loan interest payments tends to lower the effective annual percentage rate you are paying.
Apply for a Tax Advantage Auto Loan |