Which Way to Jump?
11 August 2009, 09:57 PM
#1
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Which Way to Jump?
A good friend is in a dilema and needs your help .....
Would you buy a house, or a used Ferrari 430 .... house about £250k - car about £ 55k.
Buying the car would rule out the house, buying the house would rule out the car.
The car will drop to around £30k and stay there - the house 'may' go up to £300k in 3 years? The house could, of course, lose £50k!
Buying the house may pay for the 430 in 36 months time if the profit is taken .... but saving will also buy the 430 in around 24 months assuming £2k per month is put away for that purpose.
Car or House?
Bit of a daft question on a Car Forum ... but lets see where it goes.
Would you buy a house, or a used Ferrari 430 .... house about £250k - car about £ 55k.
Buying the car would rule out the house, buying the house would rule out the car.
The car will drop to around £30k and stay there - the house 'may' go up to £300k in 3 years? The house could, of course, lose £50k!
Buying the house may pay for the 430 in 36 months time if the profit is taken .... but saving will also buy the 430 in around 24 months assuming £2k per month is put away for that purpose.
Car or House?
Bit of a daft question on a Car Forum ... but lets see where it goes.
11 August 2009, 10:02 PM
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Yawn.....
whatever......
here we go... we say X, Pete says Y
We say Y, Pete says X
heres a better one,
Sell the car & the house, sail off round the world on a cruise................
Mart
whatever......
here we go... we say X, Pete says Y
We say Y, Pete says X
heres a better one,
Sell the car & the house, sail off round the world on a cruise................
Mart
11 August 2009, 10:05 PM
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Who cares what some bell-end chooses to buy based upon relative profit or loss? I buy things that I can afford and that I will either enjoy owning or using. 
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11 August 2009, 10:22 PM
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I'd buy the 430.
Then I'd sell it next day for a £20k profit, since the cheapest available is £75k atm
Then I'd buy the house, and use the 20k to balance off the equity I'd lose over the next year.
Do I win a prize?
Then I'd sell it next day for a £20k profit, since the cheapest available is £75k atm
Then I'd buy the house, and use the 20k to balance off the equity I'd lose over the next year.
Do I win a prize?
Last edited by Jay m A; 11 August 2009 at 10:27 PM.
11 August 2009, 11:15 PM
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I'll buy the 430 at that price if you give me the details, thus removing the temptation 
Alas, the only 430's I know of at that price live in stables with unicorns.
Alas, the only 430's I know of at that price live in stables with unicorns.
11 August 2009, 11:21 PM
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11 August 2009, 11:24 PM
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430's are on forecourts with a ticket of £69,950 or thereabouts - about 8,000 miles - the usual 10% discount gives £63,000 without any haggling ...... I'm sure a skilled negotiator could trim another £8,000?
11 August 2009, 11:28 PM
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They can't sell 'em at the moment ...... will they go UP as the economy starts to take off in 6 months?
Should I tell him it could be a better investment than the house?
Should I tell him it could be a better investment than the house?
12 August 2009, 04:26 AM
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Careful. One try-hard fool gave an infraction to someone saying: 'shut up Pete you pratt' (in a thread where the overwhelming concensus was that calling someone a pratt was not offensive).
