re: House note vs car note

This is a historic time in the car industry. I'm normally not a proponent of 0 down or even using OEM financing, because they usually don't let you have the rebates WITH the special rates, but things are different now and probably for a couple more months at least. Now they are letting you have rebates AND the special 0% rates, so its a great time to buy if you're going to do it. I bought last summer for that reason. I was going to have to have one more car anyway, might as well not tie up capital in one. Looking at the five year cash flow, I couldn't make a used car make sense.

WRT to the mortgage, do you need the interest deduction on your taxes? Might want to take a good look at what it does to your tax status, though as another poster said, you're paying mostly principal at this point.

Is there another option that gets you better returns? I hear some cat on here called Ancient Tiger can make you some bank in penny stocks!