thinking that i jumped the gun on the MS3

[15min5k]

I'm not going to judge this, one way or the other, because I can see it from both sides. You have to do what makes you happy, while still being responsible. Personally, I had a cheap-paid-off car, bought my current house, then got the MS3. BUT...with my last house, I had someone refinance my car beforehand so it didn't show up on my credit report. I ended up making almost $20k a year later when I sold the house, and had the car i wanted (and couldn't technically afford) the entire time. Basically, a text-book example of the wrong way to things.

There is no universally "right way to do it"...it depends on the person.

Just my 2...

Exactly! What works for person A isn't always what's going to work for person B, etc.

 

[micronesia]

Houses here are way too expensive so I just said f it and got a car.

 

[pointysticks]

i think the best thing i see here is that this person is starting to think about things. i was just about to sign papers for a beemer years ago. an old school co-worker read me the riot act. i saved bought a house, got married, and then wife bought me the MS3.

i would explore selling the MS3. if the bath is minimum, sell it cut the losses, enjoy the new wealth of knowledge. learning is never free, so why is this time any different.

get a house dude. it is the very first step in aquiring any wealth.

 

[opfreak]

how are you not in a pinch, if you rolled 4k worth of CC into a car loan?

 

[79_Limited]

maybe you could keep both cars. take the extra money and put into savings towards down payment on the house.

Bingo best advice so far. The debt will not be as much problem (as long as your debt to income ratio is within the lending limits). In today's climate you will need a good 20% down to get into a conventional loan with the best rates.

Cash is king.

 

[palerider]

I say sell the protege, and use the money for mods on your new ms3.

and if you scrap the whole idea of a house, then maybe get an extra roommate.... you could easily build the engine and shoot for 400whp.

my .02.

 

[brunoxmatoss]

damn lame bro =/

 

[ericrapp]

I say sell the protege, and use the money for mods on your new ms3.

and if you scrap the whole idea of a house, then maybe get an extra roommate.... you could easily build the engine and shoot for 400whp.my .02.

Pale, you seem to have the ability to cut through the bulls*** that influences folks on the critical decisions in life. But if you are going that route you will need 450.