Share post
Debt Consolidation Forums Budgeting and Personal Finance forums

Is it ok to buy a decent car before buying a home?

member profile picture
Posts: 1
Credits: 0

I am in my 30s. I have saved a decent amount for down payment. I am thinking should I buy a home first or buy a good car? I have a car to commute, but it's not good for long drive

Where are you living right now? A rented apartment or in your own home? If you're living in a rented apartment, then it's better to buy a home. However, if you're living in own home, then you can use it to buy a car. Think carefully. The value of a car depreciates with time.

Sub: #1 posted on Fri, 04/12/2019 - 05:41

David Martin David Martin

(Posts: 203 | Credits: )

THe value of the car depreciates over the time, so generally, it is better to invest for a home. Also, if you are living in a rented home, buying house would the primary objective for you.

Sub: #2 posted on Sun, 04/14/2019 - 21:56

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

What are your income status. To buy a house, only saving the down payments is not enough. You need to make the payments properly. So, once you are sure you can manage the payments go for a home. And, try to buy a budget car in cash. So save money.

Sub: #3 posted on Fri, 04/19/2019 - 06:35

sanderspatricia29 sanderspatricia29

(Posts: 1118 | Credits: )

More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.

Page loaded in 0.984 seconds.