Do you think it is reasonnable to buy a very expensive car if you are not a home owner ?

Question

Let's say you are really into expensive sports car so that would fulfill a big dream of yours.
personnal experience appreciated.

Answer 1

Anyone capable of affording a very expensive car must have taken most of his/her decissions very much calculatedly. Appreciations / depreciations, interests, value that the money invested will add to life.

When I bought my first car, it was definetely not affordable by anyone in my standard. Yet it is the carze that ultimately wins over sense for some people like me. I think this "sense" isn't all that unreasonable if you think about the confidence factor for a while. Simply put, if it is home first and then a good car for many it is not wrong to have a few things in lfe the reverse way.

Raj
http://www.carbargain.biz/

Answer 2

I guess it all depends on your situation for example I wanted an 05 GTO which I considered a reasonably expensive car for me. I wasn't sure if I should buy it or not but I did because living the military lifestyle it will be 10 plus more years before I can buy a house keep it and live in it for the rest of my life. So to me I am not going to waste the next ten plus years of my life waiting to buy a house before I buy anything else that I might want so I went ahead and bought the car I wanted. With that said I bought it because it was that important to me and I could afford it. You know reasonably if you can afford the vehicle. Weather your buying a house in the near future or not. You must be paying to live some where at the moment.

Answer 3

Home ownership is not a good deal for some people. The whole point of making more money than we need just to live is that we can decide what to do with the rest of it!

I know a few people who have Harley Davidsons, who would probably not be in a position to spend $20,000 on a motorcycle except that it's part of their lifestyle. They make sacrifices for it because it's worth it to them. I wouldn't do it, but it's up to them!

Answer 4

Well, if you're not a homeowner you must be paying rent to someone. So if you can get a loan spend it, have fun, then just declare insolvency. When you owe more than you can ever pay back arrange an IVA.

At least you don't have a home they can take from you. But it will preclude you from owning your own home for a long time.

Your choice.

Answer 5

I think it would be smarter to lease the car then. Just moved into a great new house, in the middle of moneyland, and you cant beat the community feeling. Driving a car is great, but youd rather sleep in a nice house.

Answer 6

It depends. If you are young and intend to get married and have kids, I think you might regret not using your money a bit more wisely when you are looking for your first house. Besides, everybody knows that men with expensive cars have small dicks.

Answer 7

No, here's why. A car can stop you from buying a house but a house will not stop you from buying a car. Houses appreciate car depreciate. A house help build wealth, most cars don't.

Answer 8

How are the two related? I would not buy a house, but I will certainly drive any car I want as long as I can afford it.

Answer 9

my boyfriend wants to buy a brand new car, he has recently sold a house and has 30 thousand sitting in bank, he is now renting a property, and wants to buy car, as he never had new one before, i think he wants one to keep up with the joneses, as there is a lot of bad blood between him and his brother, and his brother has a new car,
if you pay all your bills and you can afford to buy a new one, then that is completely up to you,

Answer 10

Depends! Do you want to satisfy a big ego, or a have a large balance in the bank.