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The Pub For General Automotive Related Talk |
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03-10-2012, 10:02 AM | #151 | |||
FF.Com.Au Hardcore
Join Date: Jul 2010
Location: NSW
Posts: 4,329
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A lot more interesting then "When I was 24 I drove a rust bucket, worked all day, every day, but paid for a quarter of my average house, in an average suburb in cash. I'm not against buying house since I bought one at age 21, but it has to be the most expensive and boring purchase ever. I saved so, so hard and paid so much so I can have a lot less money each pay and work around the house on my days off. Fun. Ah well look in the long term and all that I guess. |
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03-10-2012, 10:28 AM | #152 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,368
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Unlike most common cars out there, a house mostly will appreciate in value over time. Not only will it be your house, but if you chose to sell it, it will end up selling for a lot more than you paid for it.
Down side is if you had to buy another house you would have to spend similar amounts to what you get for your house when you sold.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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03-10-2012, 10:43 AM | #153 | ||
GT
Join Date: Apr 2005
Location: SYDNEY
Posts: 9,205
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i could be debt free many times over by now , the thing is i have a wife .
on the other hand i still have her , she couldve gone with my kids and my money also . ( food for thought) the brass ring is not brass , its gold and diamonds , and cars , houses , kids, superannuation , bills , 2nd jobs , and 6 out of 10 times divorce and start again , before they say you become happy!!!!!! BACK INTO AN OLD 2ND HAND CAR , OR 70 K DEBT ON A GT !! bit of humour . LOL . |
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03-10-2012, 11:06 AM | #154 | ||
Fossil fuel consumer
Join Date: Jul 2005
Location: Mod For: Pub, Bar, Sales Yard, Show 'N Shine, Photoshop, AU to BF, FG to FGX, Territory & Sports Bar
Posts: 17,045
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to clear things up i'm not anti-finance at all, it can be very beneficial if you use it right, mainly in an appreciating asset. It depends on many factors, current situations. However in the case of a car, it can sometimes be needed. We have finance on my new daily at the moment. We needed something that
1) wasn't a v8 (Had two AU Ghia V8's, alternating as dailies!) 2) broke down less than once a month like what we were experiencing (EL) 3) was new so we could groom it properly from the start 4) had a good warranty (5 years unlimited in this case) So we financed 80% of the vehicle after breaking the driveaway down to 20 grand. The repayments are $400 a month but we're paying $2000 a month. Car is due to be 100% ours in April. We'll pay about $1000 overall for the privilege of credit. So we're down a grand in the end, but it was the only do-able option this time around. Use credit on a car wisely, it takes a lot of commitment to drop 2 large a month (or 5 times the minimum payment required) but the benefits are great. Then when that's done, the same 2 grand a month goes into the house savings, which over time will theoretically pay me back that $1000 and then some.
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2024 RS 3 sedan - Mythos Black 2023 Superb Sportline sedan - Steel Grey 2025 Mustang GT - Vapour Blue |
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03-10-2012, 06:44 PM | #155 | ||||
Still a Ford boy... Just.
Join Date: Dec 2008
Location: The Hills
Posts: 554
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I could have bought a brand new FG GT, but its not what I wanted. Ive got an awesome mrs. who loves the toys aswell. My dad has worked hard his whole life, still is in his 50's. Only a couple of nice toys that were sold. Married, myself and my sister. Hes now in a position where he can get himself something nice. I dont want to be that. I want to still be 'youngish' and enjoy my things now. Me and the Mrs, have a cruise craft boat, 2 jetski's, 2 trailbikes, a land rover 4wd, the FG GT, IPRA mazda familia track car(got that for dad for fathers day so he can race - he said he wont unless I race with him), R33 TK skyline (#345 of 400 made, 1 of 4 in aus), a daily Mazda 3 for her (trading on an MPS6 or EVO9 soon), and a old BA work ute as my daily (trading on a Triton next month), plus the mortgage on great house and we are looking at a investment property in 6 months. Kids will be coming, our wedding is next year. Mrs wants them soon, I said im not fussed aslong as its before im 30 LOL. I've started eyeing off go karts and things already lol. What I have now is what I wanted, I bought them because its what I wanted. I just dont settle and buy something thats 'close enough'. Im still going to be that 'older' guy with a great mrs, kids and 'second hand toys' to boot. Would honestly rather have what I have and will have than a brand new car thats for sure.
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