13-11-2014, 07:22 AM
(12-11-2014, 06:58 PM)ginge191 Wrote: Some interesting points; but realistically, the argument of using the money "gained" in a property could be used to purchase a car, isn't reallly something anyone would do? Move house / remortgage to just buy a car?
Think what Niall says resonates most; being able to 'bin' a car and not have to worry about the money attached to it. That's kind of the way i buy my cars.
Hmm a very tricky decision
Actually you quite often see people rewarding themselves with a new car upon discovering they have unexpected capital tied up in their mortgage, many remortgage periodically anyway if they don't want to get mugged. Realistically the argument that you'll never be able to buy a new car once you've bought a house is just as true as the reverse...
Anyway, if that's the way you buy cars, surely you should sink as little money into it as possible? Unless you genuinely don't care about "binning" £25,000 plus charges and interest, in which case drash on.