Is buying a car as expensive as a house?
Driving, driving lessons, vehicles...
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Re: Is buying a car as expensive as a house?House = £1000 all in a month (mortgagte, bills etc)
Car = £100 a month (fuel)
Insurace is like £600 a year, £125 for tax, £30 for MOT, and any other servicing/repairs (£1000 buffer for that).
So in total, £12k against roughly £3-4k respectively, per year. -
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Re: Is buying a car as expensive as a house?Or you can buy a Bugatti Veyron 8.0 W16 Super Sport for £2,000,000 and live in a way cheaper house.(Original post by multiplexing-gamer)
Depends on the car and the house? You could buy a Rolls Royce Phantom for 300k and live in a house worth 30k?
Last edited by TheNightmare; 15-03-2012 at 23:07. -
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Re: Is buying a car as expensive as a house?I'd rather have a Rolls Royce Phantom extra wheelbase, then spend the rest on a flat in Knightsbridge.(Original post by TheNightmare)
Or you can buy a Bugatti Veyron 8.0 W16 Super Sport for £2,000,000 and live in a way cheaper house. -
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Re: Is buying a car as expensive as a house?I'm not saying I would buy a Bugatti. I would actually prefer a Rolls Royce Phantom Coupe (Customised) and I would not live in a flat but reasonably large house. Or a Lamborghini Aventador and a nice mansion.(Original post by multiplexing-gamer)
I'd rather have a Rolls Royce Phantom extra wheelbase, then spend the rest on a flat in Knightsbridge.
Spoiler:ShowIf I had the money this is..... -
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Re: Is buying a car as expensive as a house?Have you seen the Lambo Averntador J? mmm(Original post by TheNightmare)
I'm not saying I would buy a Bugatti. I would actually prefer a Rolls Royce Phantom Coupe (Customised) and I would not live in a flat but reasonably large house. Or a Lamborghini Aventador and a nice mansion.
Spoiler:ShowIf I had the money this is.....
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Re: Is buying a car as expensive as a house?I know some people who live in cheap rented flats but spend £5-600 a month on a financed beemer or similar, with insurance, fuel etc.
On the other end of the spectrum a mate of mine lives in a half million pound house in the country, his dad drives a shagged out 30 year old volvo.
Generally speaking though a house will always be way more expensive to buy and run than your car. Can't stand people who spend 10p on their house so they can have a nice car parked on the drive.
Mortgage comes before all for me. -
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Re: Is buying a car as expensive as a house?A decent house is around 750.000€ whereas a decent car is 50.000€ plus an additional 5.000€ to 10.000€ in running costs.(Original post by markread45)
Is buying a car as expensive as a house? How much do you spend a year?
As for how much I spend a year, this year it will be 1.000€ as I have a scooter (Scarabeo 500) rather than a car. -
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Re: Is buying a car as expensive as a house?depends which car or house your talking about and where you purchase them from. for example a Bugatti Veyron Super Sports : $2,400,000 compared to this house Antilla, Mumbai, India: $1 billion the car would be cheaper if you understand what i'm trying to say.
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Re: Is buying a car as expensive as a house?Hey there. I am currently learning to drive and the way I pay for the lessons is through my part time job. How the hell do I cover all these costs for a car if I'm only working 8 hours per week? Do I need to work more hours?....Im 18 by the way and my dad isn't willing to pay for any of this at all? How do I do it on my own?(Original post by Friggerpants)
House = £1000 all in a month (mortgagte, bills etc)
Car = £100 a month (fuel)
Insurace is like £600 a year, £125 for tax, £30 for MOT, and any other servicing/repairs (£1000 buffer for that).
So in total, £12k against roughly £3-4k respectively, per year. -
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Re: Is buying a car as expensive as a house?The answers may be different if you consider cost as being purchase price less residual valuation. When looked at in this light it is quite conceivable that the cost of all cars throughout say 50 years could be greater than the cost of a house for the same period. However I expect it depends on the car/cars, the house/houses and the economy over the 50 years.
I have never done the sums exactly, however I expect the equity I have in my current house is not that much different from the initial deposit I paid and the total annual mortgage payments I have paid over the last 14 years, therefore actual cost is probably close to nil. Whether that is true over next 14 years remains to be seen. Over that time I have owned a Ford Escort Eclipse, Ford Granada, Vauxhall Carlton, Rover 620, Mercedes 300 estate, Scimitar SS1, Fiat 500 and a Mercedes C180 Estate. I cannot really comment on the last three, as these are still owned, however even ignoring running costs the depreciation on the first 5 (I only owned the first from new) is likely to have been greater than the net cost of my house.
