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Keep the Skyline and buy a house.

If you use it as an investment property its even better, you will thank yourself come tax time

I agree with that^^^^^ cars depreciate but homes 9 times out of 10 go up in their value, once its all settled down and you got people in there if your planning to rent then sell your skyline and buy whatever you needa buy i'm sure they'll be around or maybe something better might be out.. but hey what car is it? lol...

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haha. not to say you are one of them Gengis, though it reminded me of my pet peeve 'those who think negatively gearing is a good thing'. It means you lost money. You may be happy at tax time for reducing your losses by 30% (marg rate for most of us), though for the other 364 days you were losing more money than you saved in tax.

Tax savings are no reason to buy an investment property.

Keep the Skyline and buy a house.

If you use it as an investment property its even better, you will thank yourself come tax time

Tax savings was just a big plus it wasnt the sole reason. the first home owners grant was also a bonus. I have to disagree, owning a place is better than renting. You're right though you can take more risks in life by renting a house and make it big in the sharemarket but thats not my thing. Its all about how much risk someone wants to take. Houses are pretty safe

Edited by Gengis
Tax savings was just a big plus it wasnt the sole reason. the first home owners grant was also a bonus. I have to disagree, owning a place is better than renting. You're right though you can take more risks in life by renting a house and make it big in the sharemarket but thats not my thing. Its all about how much risk someone wants to take. Houses are pretty safe

Unless intrest rates rise.

haha.

so what u think ur gonna do azzura?

dont go the golf. worked on a few of them. not a pretty car.. but +1 build quality but thats because everything is big and wrong sizes..

i saved got a 15k first car (GTiR) sold, brought 23k GTR, selling for cheaper and saving for a house and or land... i could live with my parents forever but.. gotta make money somehow.. im only 19 so soo many options ahead of me now.

its the same for u. prob keep the skyline, and buy a house :)

haha. not to say you are one of them Gengis, though it reminded me of my pet peeve 'those who think negatively gearing is a good thing'. It means you lost money. You may be happy at tax time for reducing your losses by 30% (marg rate for most of us), though for the other 364 days you were losing more money than you saved in tax.

Tax savings are no reason to buy an investment property.

I don't think you understand how it works then mate.

The Australian share market has also historically done very well and you can negatively gear into that very easily. The advantage in that for you would be that you don't have to gear so high to get into this whereas with property you (AzzurrA) probably have to get in at least 90% LVR (Loan Value Ratio) if not higher just to get in the door.

meh, i bought my car first and i dont regeret it for a second

its all well and good to get into property, but at what cost?

i dont regret for 1 second, that i spent 20-30 living it up large and having a great time, buying what i wanted, going out, going on holidays

when i got to 30, smarted up a little, but by that stage i owned my car, so it was easy to get finance for a house

in the house now, dont really have a lot of money to spend on the car, but it makes me happy also

who knows, a few years down the track, mite borrow back against the house and get some more car work done

id take the fun otpion, get the new car if you think you can afford it

Buy a 260RS Autech Stagea...30 grand...

you can live in the back of it quite comfortably...

it rocks the socks off your GTST for performance and what-not

there's like 15 in AUstralia (as oposed to 200 VW Golf whatevers)

you will never need to buy a new car again cause it will do whatever the fark you want it too, if you get married etc, you won't need to get something mroe family friendly...and the price is comparable to your VW anyway if i am not mistaken

Problem solved!

House..

Cars depreciate in value.. house and land dont..

dont be stupid!!

and a skyline is good strong car anyway..

If you still want the car.. get house//land first then borrow off the land as an asset..

nuff said

I am now 29 and have wasted 10 years of earnings on fun, cars, parties. I had a really good time but if i had bought a place even 5 years ago i would have been so much better off. I would only have had to borrowed $200,000. Now i need to borrow double that to buy a house I would be happy to live in.

I have been saving now for 12 months and have a meaty deposit going. but will be saving for atleast another year before i buy.

Keep the R32 and buy a house that you can rent.

you will thank yourself for it in even 3 years.

Its a hard topic. Its even worse at my age. I have mates that love cars, at uni, never owned their own car, and want to buy a house before their first car!!!

Obviously if you can afford it, a house would be the way to go.

Just for example, I have a mate going for a home loan at present. Pretty much 20k deposit, and looking at borrowing around $250-300k (Apartment). The repayments a week are around $500 a week for 25yrs.

Not cheap, easier to afford if you're partner can chip in also.

I don't regret taking a loan out for my car for one second. I mean, im only 19 and seriousness will come into play sometime soon, but for the time being, I'd rather have nice car whilst im still young, enjoy it, settle down and then look at something like a home years down the track :) Being 24, I suppose its in between..that's how old my mate is thats taking out a home loan.. and he sold his VL turbo to do so.

He thinks its the right thing to do... and if you feel the same just go and do it.. saying that.. $500 a week is hard to come by.

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