12-11-2014, 11:07 AM
(12-11-2014, 07:33 AM)ginge191 Wrote: The way I see it; is that my overheads aren't huge; yes I could put that money into property, but once into buying a house, I won't have the opportunity to buy a new car, ever.
As for the value of the car Ruan, it wouldn't be something I'd want as an economic investment. But, I'd hold onto for , moreorless, forever.
Hmm split down the middle!
Your wrong there mate.
In the 18 months I've lived here my house has gone up in value by £25k and I need to remortgage at the end of the 2 years to switch to a new best deal. I could effectively take that profit out and buy a brand new car as cash (and still have it depreciate massively)
Now is the time to get on the housing ladder mate, the rate that prices are going up is phenomenal, its at the stage where the prices are going up faster than what the monthly mortgage payment would cost.