[2BNTV]

Please keep in mind, no institution will give you a HELO, if you home is on the market for sale!!!

I like the idea of financing, while your money is growing, tax deferred. You can make payments and minimize the effect of having a chunk of money withdrawn, and with tax implications.

I think it is smart to buy a used motor that has a depreciated value, and resell it when you are through with it. This will minimize the monies spent on it, and the money needed to be withdrawn in small amounts, over the payment period.

Almost all parents want to leave their children something. Their children will appreciate the efforts of the parents, to give them, some financial stability.
Never forget, it's your money, to do as you please.

Do whatever is best, that lets you sleep at night, with your decision.