Mk4 R32 or house deposit??

[sveed1.8T]

I have always wanted a Mk4 Golf R32, and to say if has been a dream car of mine is an understatement! A friend of mine has had a blue 3door Golf r32 for 7years, and has always said that he'll sell it to me if I ever had the money! I know it has been looked after, as it has been his baby for so long.

Now, do I say 'Feck it! That's your dream car, and you only live once!'

Or, do I keep the money I have saved and still aim to put down a deposit on a house??

Either way, I don't have the money to do either atm, as he wants £6K for the R32, and a deposit for a house will be about £14K. I would have to get a couple grand loan to buy the golf.

Decisions, decisions?!

[tweed]

You need a lot more than £14000 for the house. Will cost £2000 to go thought the middle man then another £2000 on a sofa and fridge freezer.

Don't get a loan it's faster to save than pay it back.
Buy the car if you don't plan on keeping it, selling it to buy a house.

Otherwise keep saving 

[SI74]

House wins for me.

I was more or less in the same boat. The money I'd put into the car I could have bought a few R's but I still really want one. But this time last year I bought a house best thing I ever did hands down. You'll need round 10% plus about £900 for other fees, and then what you want to do to the house once it's yours

[damien010685]

I have always wanted a Mk4 Golf R32, and to say if has been a dream car of mine is an understatement! A friend of mine has had a blue 3door Golf r32 for 7years, and has always said that he'll sell it to me if I ever had the money! I know it has been looked after, as it has been his baby for so long.

Now, do I say 'Feck it! That's your dream car, and you only live once!'

Or, do I keep the money I have saved and still aim to put down a deposit on a house??

Either way, I don't have the money to do either atm, as he wants £6K for the R32, and a deposit for a house will be about £14K. I would have to get a couple grand loan to buy the golf.

Decisions, decisions?!

The fact that u would still need the loan to buy the r32 which will only just depreciate further is a silly idea mate.... Nothing stopping u getting a house then getting an r32 mate at the end of the day it's up to you but a place to put my head at night and not pissing money against the wind would be my choice

[dom]

Having bought a house this year, for me it's a no brainer! House wins every time.

Bear in mind though that with the house it's more than just deposit....you've got solicitors fees, surveys, mortgage search fees, stamp duty etc.

[SoundillusioN]

Some good advice here.  My toys suffer neglect due to having my own house and responsibilities but the house and the people close to me come first.

It really depends on your situation too, where are you living at the moment? how long can you stay there, how much is it costing you to stay there?  Are you single?  Lots of other things can come into it, also.

The other thing to bear in mind is that once you get your own house, you'll most likely want to spend money on it making it your own which could leave you with very little funds or time for an exotic car. I tried to kid myself that once I bought my house and moved into it I would be straight on the car, that wasn't the case for a long time and can still be at the bottom of the list but I don't regret it.

If I was you and had as much money as you have saved up towards a house, the way things are in this country these days I'd probably keep on saving. 

[JC]

i have got £100k+ for a house deposit and rising. 

i bought a £475 car and have scrimped to get a set of wheels and lower it.

dream cars come and go. I regret the amount I have spanked on cars n bikes over the years which has now left me renting, thus throwing away money.

Keep saving and get a house. 

[dom]

The other thing to bear in mind is that once you get your own house, you'll most likely want to spend money on it making it your own which could leave you with very little funds or time for an exotic car. I tried to kid myself that once I bought my house and moved into it I would be straight on the car, that wasn't the case for a long time and can still be at the bottom of the list but I don't regret it.

Nail on head there Shaun, certainly in my case anyway! Since I've moved in any spare money I have each month has been put towards making the house look nice.

Come spring time I'll be moving onto the garden, I've not spent a penny on mods for the golf in months simply because the house is more important to me.

[VW BUSH]

House all the way, get on the ladder soon as the Ferris wheel has gone past bdc.
My flats gone up 5% since last year, thats 10k in real terms.........

[leigh_harty]

2 week snow boarding somewhere awesome then back to saving