no kidding! bay area prices are crazy which makes saving for the downpayment much longer

i'm 25 y/o also saving for real estate investments.

BTW: go with the S. save your money and have your fun instead of having no money and having fun.

 

Exactly.

 

get a used S2000 for under 20k and rest you can bank it away and get a house with nice garage for your baby.

C6 is nice but not that nice.

 

[QUOTE=ksdaoski,Jan 20 2005, 09:58 AM] The thing is, who here hasn't read a car ad that states, "Invested thousands"

 

That same house here is about $100k. Oh, and that is in the suburbs, much cheaper in the city.

 

I'd personally be all over the C6 at that price. Saving up for long term investments like a house is nice, but so is not having any big, long term liabilities. You have all your life to be responsible, but there is only a brief time (for most people, at least) where you can spend money freely without worrying about a mortgage.

Personally, I'm 26 and am in no hurry to buy a house. As long as I have a roof over my head, then it's all good. Owning a home does allow you to build equity, and houses do appreciate, but the only time you'll really be able to cash out on the appreciation is when you move out of the area. Here in the SF Bay Area, housing prices are going up so quickly that cashing out on appreciation is tough.

Since the S2000 and the C6 are the same price in your case, I'd say to go for the C6 and sock away some money for the future at the same time. Since you'll have gotten the C6 at a highly discounted value, you can always sell it down the line and still make out pretty good.

EDIT:
Oops! I just realized that I misread your original post. The two cars aren't the same price. If the used S2000 is already maxing out your budget, then I'd say to just stick with that. No need to stretch your budget and risk financial problems.

But as others have said, why not buy the C6 and sell it for a profit? A C6 at around $30k would be a steal and I'm sure you could easily sell it for a profit, even after taxes.

 

the guy is from CAN not Bay Area..........

this wasn't suppose to be a discourse on real estate prices. Hell a 800 sq foot loft in Manhatten is a 1,000,000....but really has no effect on a kid with 20k in his pocket to spend on either a car or a house......nor does the bay area real estate prices have anything to do with his situation

 

^I don't understand what your home's appreciation has to do with his situation either... For any truly relevant advice, we'd have to know exactly where he lives and what the housing market is like there. Thus far that information hasn't been provided.

 

Not to mention a 20-year old that has the concept of "ethical".

 

He said it.... a house is an investment, a car is just a liability... get a house!


Yes, but a house does not get your blood flowing like a sports car can!!!