Elise or deposit for a flat??

[jonbanff]

i have had my mk1 elise for 18 months now and have come to a painful decision. at the age of 25 I feel i need to get on the property ladder but would have to sell my car to do so. which would be the best idea: Car or Flat?

[rude girl]

Regrettably, I'd say Flat. You can come back to cars, but the longer you leave it to get on the property ladder, the harder it will be.

[jonbanff]

i know but the car is so much fun! that's the problem!

[rude girl]

jonbanff said:

i know but the car is so much fun! that's the problem!

I know. It's a bugger, isn't it?

[DanH]

Flat.

[shnozz]

apologies, despite the elise being the most fantastic car, I'd agree and say flat. Appreciating assett -v- depreciating assett.

After a year in the flat you'll be able to afford another Elise, as I did after a year of driving a Ford Probe

[jonbanff]

that is a sacrifice. i mean- ford probe!

[DPR]

jonbanff said:

i have had my mk1 elise for 18 months now and have come to a painful decision. at the age of 25 I feel i need to get on the property ladder but would have to sell my car to do so. which would be the best idea: Car or Flat?

Had this just over a year ago. Car, no qustions.

[VTECMatt]

At 25 with the current market Id say bugger it and go for the car.

When you get a flat you want a house, trust me, I bought a flat and bought an Elise at the same time, similar predicament, Ive sold my flat and Elise recently and I'm buying a house, getting married, and getting something special for a car. The car has to wait until next year

[malbon]

house.

what do you want a silly elise for in the cold wet winter months ?

Put a silly offer in on a house. Wait for the prices to rise in the spring and remortgage/take a cheap loan to get an elise ready for the summer.

glad to be of service.

[Davey S1]

Flat

[xxplod]

Fraid it's got to be property first. You'll cath up on the car front soon enough.

[135sport]

some might say a bit drastic......but I got married which brought in enough income to buy a house and keep the car.........

[shot2bits]

You wouldn't enjoy the Elise as you'd always be thinking what you 'should' have done... It's got to be the flat... Even at the ripe old age of 32, I still feel guilty owning the Elise - as if I should be paying more into a pension or something... Soon vanishes though when she's out and about the country roads!

[Tim Netherton]

Sorry - flat.

[jitsukadave]

Depends where you are in the country. I got my little car just before the house, as I knew it'd be a while before I could get a decent car afterwards.

I'm glad I got the car first, as there's no way I'd have been able to get one for the first year after I moved in. Now I have got used to the bills, and have started investing in a house - it may not have changed much in value, but I'm not loosing money, and I've started saving for a new Elise.

If it wasn't for the misses though, I was seriously contemplating buying just a garage, getting a Noble, and renting a cheap room with some students for a few years... Looking back, I'm glad I went for the house.

[sneakypete]

CAR! Houses are for losers. What's the point of owning a house when you're 70? Have fun now while you're not dead. Brrrrrrrrm!

OR save for a better car.

[scotte]

got to be a flat .... a few years down the line you will see the benifits. on the plus side make a wee bet of cash on property and you could purchase a brand spanking new elise

[S Works]

Flat every time. In a year your finances will have settled and you can buy another one.

[shot2bits]

sneakypete said:

CAR! Houses are for losers. What's the point of owning a house when you're 70? Have fun now while you're not dead. Brrrrrrrrm! OR save for a better car.

he does have a point...