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Home Brewing Tools : Home-Brewing Auto Siphon
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Aroma AWK-115S Hot H20 X-Press 1-1/2-Liter Cordless Water Kettle $24.00 1.5-liter capacity Easy cordless pouring with the patented Strix electric connector Safe-grip handle and no-drip spout Easy-to-read water level indicator Elegant brushed stainless steel finish... |
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Cuisinart CPK-17 PerfecTemp 1.7-Liter Stainless Steel Cordless Electric Kettle $185.00 This Cuisinart Perfectemp Cordless Electric Programmable Kettle offers latest innovation for this product category%2E Heating water will never be easier with this handsome brushed stainless steel kettle%2E Great for making tea%2C hot chocolate or instant soups%2E It will quickly bring 1%2E75 quarts of water to a boil and then turn itself off%2E... |
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Concentrated Glass Cleaner For Your Home Or Auto FREE SHIPPING $14.00 |
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Tribal Horse Decal for Auto or Home, Equestrian $6.99 |
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Large Flaming Tiger Decal for Truck,Auto or Home $7.99 |
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Lot of 3 Blue Lint Free Auto & Home Microfiber All Purpose Towels Laitner $4.88 |
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MICROFIBER TOWELS 24 PK AUTO ,HOME CLEANING DETAILING $18.50 |
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Ventsation Clips Auto Car Air Freshener Home Office NIP $2.99 |
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MALTESE CROSS LOT OF 12 Vinyl Decal Home Auto Window $11.99 |
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P21S® TOTAL AUTO WASH 1000ML KIT WITH SPRAYER SHAMPOO ENGINE DEGREASE HOME USE $17.95 |
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EZ WINDSHIELD WAND; AUTO & HOME GLASS CLEANING TOOL; MICROFIBER BONNETS; NEW $11.99 |
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7 MALTESE CROSS LOT Vinyl Decal Home Auto Window $15.00 |
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100 SOFT MICROFIBER AUTO / HOME CLEANING 16"X16" CLOTHS $89.99 |
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WOMAN SURFER Vinyl Decal Home Auto Window $3.33 |
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Steel Wool Very Fine Grade 00 5 lb. Roll Auto Home Boat $30.00 |
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HOME CAR TRUCK VACUUM CLEANER 110 VOLT HAND HELD NIB $24.56 |
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Lot of 3 - Made in Germany - All Purpose Home & Auto Shammy - 20 x 27 Inches $11.69 |
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Eagle Flame Decal Set for Harley Bags, Auto or Home $20.00 |
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MALTESE CROSS LOT Vinyl Decal Home Auto Window $15.00 |
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SM Arnold 6-Pattern Torch Nozzle Auto Home Garden Boat $10.00 |
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Lot of 50 Rain X RainX anti fog home and auto interior glass & mirrors 3.5oz NEW $55.00 |
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Home Office Auto Scent Air Freshner Baby Powder Liquid $22.95 |
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Home Office Auto Scent Air Freshner New Car Liquid $22.95 |
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Home Office Auto Scent Air Freshner New Leather Liquid $22.95 |
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Home Office Auto Scent Air Freshner Fresh Clean Liquid $22.95 |
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Home Office Auto Scent Air Freshner Lemon Liquid $22.95 |
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Home Office Auto Scent Air Freshner Pina Colada Liquid $22.95 |
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Home Office Auto Scent Air Freshner Banana Liquid $22.95 |
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Home Office Auto Scent Air Freshner Vanilla Liquid $22.95 |
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Home Office Auto Scent Air Freshner Watermelon Liquid $22.95 |
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Home Office Auto Scent Air Freshner Wild Cherry Liquid $22.95 |
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Home Office Auto Scent Air Freshner Wafer NEW CAR 60QTY $22.95 |
Is auto loans tax deductible, if it is made home lien?
Hi All,
Apologies for asking the answer for resolved questions. From the answers it is clear that personal auto loan is not tax deductible. I live in California and I own a home. My credit union says, If I pay $200, then they can make my auto loan as home lien, which will make my auto loan tax deductible.
Is it legitimate to do so, or is my credit union doing something fishy? I am kind of concerned after seeing the earlier answers.
That really sounds like they are offering you a Home Equity Line Of Credit (or HELOC). The interest on a HELOC is tax deductable since it's a lien on your home, however that can be very risky if you live in a declining market.
What concerns me is how the Credit Union presented it to you - $200 is probably closing cost on the HELOC, but if you don't FULLY understand the loan I would NOT go forward with it! California was hit pretty hard by the housing crisis and you might put yourself in danger taking out a HELOC, which does count as a second mortgage.
It might be a great program - don't get me wrong - but you want to make totally sure you fully understand the details and weigh all your options before you sign anything. The tax savings might not be worth it at all.
Credit demand from consumers seemed to be back on track, especially in sectors such as auto and home loans though banks had cut down unsecured loan exposures, said KV Kamath, chairman of ICICI Bank.
“So far as mortgages are concerned, I think they are back from where they were a year ago. The tension between buyer, builder, and the lender is now more or less off. Auto sector financing is also back,” Kamath said at the sidelines of a banking seminar. The chairman of the country’s largest private sector bank felt 80 per cent of the consumer loans were back, the remaining 20 per cent mostly unsecured loans had taken a back seat.
“Unsecured consumer credit is certainly hit. Banks are not lending unsecured loans,” he said. “We at ICICI Bank have significantly slowed down unsecured loans since one year. We only give unsecured loans to few existing clients, which have deposits and a good track record with us,” he said while adding that ICICI Bank took the lead in slowing down unsecured loans.
Though home loans have picked up, commercial real estate loan demand is still slack due to excess capacity creation.
The growth of retail credit demand was not reflected in the overall credit growth numbers as a slowdown in working capital demand dragged down the overall numbers, felt Kamath.
“It’s not reflected in the numbers because lack of working capital. This loan is distorting the numbers. If we keep the working capital loan aside, lending rate will be healthy by the end of the year,” he said while adding that credit growth for 2009-10 was likely to be 29 per cent except the working capital loan.
Credit growth during April 1 to August 14 was only 1 per cent compared with 3.3 per cent a year ago.
He said projects which were in a conception stage a few months back were being implemented now.
On interest rates, he said, “To me, I do not fear interest rates to go up immediately. What the Reserve Bank of India will do if inflation rears up, we think we have to wait for one month for the monetary policy. It may react based on the what is the type of inflation and whether monetary policy action will help or not,” he said
Courtesy:- BS dt:- 08-09-2009
About the Author:
Hi
I am sapna. i am working Bhardwaj Buildtech Pvt.Ltd.Company
Article Source: ArticlesBase.com - AUTO, HOME LOANS SEE REVIVAL: KAMATH 1
