Decisions decisions

[bazzap8389]

I'm looking into buying a house very soon and would also like to get my nova finished, only problem is the funds if I decide to buy one soon, I currently have 3 cars do I sell one of them to fund the nova or do I just save for longer and just wait a year or so before I buy a house and I can keep all 3? What would you do?

[Hobbit]

I would say some where to live is more important then nova ownership. Saying that I'm now saving for a house after "finishing" the nova.

[Edd]

Scrap them all and live in a cardboard box much cheaper

[Jon_nova1]

I'd say buy a house, the markets slow but i think next summer they will pick up abit, prices tend to fall during winter...really, who can be arsed moving in the freezing wet cold? lol

I bought a house and two years later the Mazda is finally ready to be MOT'd lol

[Mazz]

tbh, i'd try and buy what you want for the Nova before getting a house as it'll 10x more difficult once you've bought one

[Edd]

Totally agree, took me ages to finish the Sport once I got a mortgage again

Do you really need 3 cars? Maybe get rid of one? Not the Nova though lol

[Stuart]

tbh if a nova is stopping you from getting a house I'd be a little more concerned about everything lol

[Edd]

I chose a Nova over the ex Mrs lol she said get rid, I said bye after 8 years of being together lol

[paul james]

What are the other two cars? and how much spending is the Nova going to need?

[bazzap8389]

lol the nova ain't going to stop me getting a house but if I get one I think it might be left to the side and take years to finish so think I might just sell one of the cars and get the nova finished, I have plenty saved for my deposit but don't want to dip into to finish the car off

[bazzap8389]

What are the other two cars? and how much spending is the Nova going to need?

Other cars are 08 a3 tdi as my daily and a gt4 st205 as my bit of fun, guesstimating around 8k to finish it off to the spec I want

[Jack]

Look at the cars you have, why you have them, how much you use them, the value of each etc and compare that to how much you want/need to put into the house money.

Or just do what I'm planning on doing, ditch all three, buy something ridiculous, and just keep renting forever and a day lol

[edit] Don't bother selling the 205, they're not worth sh!t these days. Be better off keeping it!

[bazzap8389]

Look at the cars you have, why you have them, how much you use them, the value of each etc and compare that to how much you want/need to put into the house money.

Or just do what I'm planning on doing, ditch all three, buy something ridiculous, and just keep renting forever and a day lol

[edit] Don't bother selling the 205, they're not worth sh!t these days. Be better off keeping it!

Yeah I was looking at the prices for them and can't justify selling for 4k when I've spent ££££s on it, think il save for a few months more :) cheers for the advice

[Hayley]

Or just do what I'm planning on doing, ditch all three, buy something ridiculous, and just keep renting forever and a day lol



http://www.thevervoid.com/media/nostalgia/bigbad.jpg

[Southie]

Houses are a waste of money unless your investing in property, if you've a decent pension you don't need a mortgage IMO.

Renting gives you the benefits of the house and contents being fixed, I know it's dead money but keeping on top of a house is a expensive thing.

Btw... yes I own my own house lol

[Mike]

Sell the cars, buy the house.

Wouldnt even think twice TBH as its a no brainer IMO.

[Stuart]

Houses are a waste of money unless your investing in property, if you've a decent pension you don't need a mortgage IMO.

Renting gives you the benefits of the house and contents being fixed, I know it's dead money but keeping on top of a house is a expensive thing.

Btw... yes I own my own house lol

I agree. I reckon if the rent is no more than about 60-75% of an equivalent repayment mortgage you are better off long term renting

[Jeff16v]

Men don't need houses, women do.
Edit-awaits a women's response, lol

[Southie]

Men don't need houses, women do.
Edit-awaits a women's response, lol

My house is in my name lol
Edit: and the wife knows it lol

[Jeff16v]

:d:d
My house is in my name lol
Edit: and the wife knows it lol
Girl,:d
Good lad:lol

[Southie]

:d:d
Girl,:d
Good lad:lol
I know it's 50/50 once married and all that but I've a shìtload of debt that she also took on board so I'm happy with that lol

[Jeff16v]

I know it's 50/50 once married and all that but I've a shìtload of debt that she also took on board so I'm happy with that lol
Sounds like a keeper then, mine lent me money to buy k767 HUA. She's a good girl (gruff voice)

[Southie]

I sold my Nova so not sure about that Jeff lol... I only jest [one day Mrs South might see this] lol

[Jeff16v]

I sold my Nova so not sure about that Jeff lol... I only jest [one day Mrs South might see this] lol
Surely she is not allowed on the internet until all the washing/cooking/cleaning/pleasing is finished. That should keep her busy forever, lol

Edit - I think the MRI I had today affected my head, lol

[Southie]

All that's in my prenup mate lol

Don't worry your just as sane as the rest of us muppets on here lol

[TeddyThom]

Don't worry your just as sane as the rest of us muppets on here lol

Having met the bloke I'm inclined to agree lol.

I'd probably buy the house to be honest, the interest rates are good for it...

[paul080803]

I agree. I reckon if the rent is no more than about 60-75% of an equivalent repayment mortgage you are better off long term renting

I would agree with that statement, however the figures are very location dependant within the county. House prices vary massively but rental price doesn't vary as much.

My mortgage is full repayment and £740 a month, to rent the same house in the same area would be £1250 upwards. In the last 5 years 'owning' my house it has cost me approx £6k over and above mortgage and standard bills but has increased in value by £25-£30k