house deposit versus supercharger

[hardcorekid]

Hey Guys

My first post so be gentle :)

I Currently drive a stock VX Clubsport with an extreme clutch upgrade being the only mod.

I have been looking at giving it a little more power over the last 6 months but had instead decided to save for a house deposit.

Currently have about $8k in the piggy bank which is a good start for my average income.

Trouble is, yesterday i had a mate call me to say he was selling his procharger setup and would hook me up real cheap. Anyway i went for a spin in his car and fell in love. although he has $40k worth of mods i couldnt help but imagine what it would be like to drive that every day.

I could probably get him down to $3500 for the whole blower set up inc all piping, cooler, injectors and possibly fuel rail system. Also said he would throw in a Manta 2.5" exhaust for nothin.

I just dont know if the cost is gonna keep mounting. i have 120,000 on the clock and he suggested double valve springs. i also want to get a permit so i need to know if it is safe putting the exhaust on before i take it to get tuned as that mite push it over the limit for emissions.

Any suggestions or opinions welcome

Cheers

[duke5700]

Sensible Luke advises buy a house.

:evil: Luke advises do what makes you happy.

[XUV]

stick to your guns , put up with what you've got and save for a house .

It's the only way you'll get ahead , house's in general appreciate and VE HSV R8'S get cheaper ;)

[VYBerlinaV8]

House needs to come first.

[HEKYEH]

You can't drive a house......but u can live in a car.

Makes perfect sense :)

[255-LS1]

keep saving mate.. once you go down the power bug route it is never ending and your driveline will cry enough which will lead to more and more dollars spent. Even if you can get the kit for 3.5k, you will likely tripple that with all the other jazz you'll throw or break on the clubby.

get a house under your belt then start playing.

[jaykay]

house's in general appreciate and VE HSV R8'S get cheaper ;)
even VX Clubsports....

House all the way mate especially at the moment with Perth prices right down.... :)

[hardcorekid]

wow. thanks guys

Definitely not the advice i was expecting but it was what i was hoping for. I need someone to tell me to be sensibe especially after i discussed it with the mrs and she told me to get the blower and proceeded to look on the net to see if she could spend her life savings on a WRX Sti. Opposite reactions to what i thought i would get lol

[boggers007]

I was in this situation not long ago, My ute got keyed (twice) now after the second time i was tossing up to either take it off the road and go ballistic with mods. After umming and arring i ended up selling the ute and using the money to buy a cheaper car and a house deposit. Whilst i still miss my ute it wont be the last time i will have a V8 and im liking the fact that in about 2months my house will be finished then i know where my money is and i can go nuts on a car if i like as I am set up.

[silvervyss]

Sensible Luke advises buy a house.

:evil: Luke advises do what makes you happy.

I don't think your responsible enough to advise others.

[Steele304VS]

haha I swear i could've written this myself.

I feel exactly the same. I've also decided for a house.

still can't help buying small things though, i would love to have a super fast stato that could lay massive strips :burnout:

[HSVREDSLED]

I know its hard but buy a house first...

Get set for life, then later you can have all the toys you want..

[hardcorekid]

Thanks everyone. all good answers which is exactly what i needed :goodjob:
i like this forum already.

I will invite you all round for a bbq in my new house in a couple years :)

[MTC]

I know its hard but buy a house first...

Get set for life, then later you can have all the toys you want..

Wise words :goodjob:

[2010blackve]

House first they generally appreciate, cars are a bottomless pit and depreciate at the same time.

[HSV590]

Generally speaking, I'd imagine the advise coming through about house first,toys later is simply because we've all "Been there, done that" and then realised we'd gone about it the wrong way, albeit we have enjoyed the fruits of our mistakes, so to speak..My point is, whilst it's great fun spending and enjoying the dollars spent on a car, it doesn't count for much down the track when your wanting to buy a house and you're struggling to scrape up the deposit that the banks are asking for because that money is hanging off your engine in the form of a supercharger..
Cheers

[A PSYCHO]

+1 for house first. Wish i could go back in time and go the house first...

[feistl]

Just to throw a spanner in the works...

I was in the same position about 2 years back... Ended up going down the car path (spent a fortune).

Everyone said i was an idiot etc etc, i should buy a house etc etc. We'll with the current financial climate the sort of houses i was looking at have dropped between $50k-70k. So had i purchased a house, i would be more in debt for something worth less than i paid.

Of course a house is for life and it doesnt matter what its worth today as its long term value thats more important etc etc.

But Im kinda glad i went and spent money on the car. I now get to enjoy it on the track etc while i save for a house (although im still spending money on the car :rofl:).

Biggest thing that worried me was waiting till ive purchased/paid off the house, then not being able to go out racing becuase of kids etc. At least now if i kill myself no one is really impacted.

Having said all that, save for an investment as cars only get cheaper.

Cheers

[ebbett21]

$3.500 is a pretty decent deal, id go for it, for a procharger. But id give at least a week or two to think it over first. At least it wont be on Higher purchase. But im not so sure id be sticking on a engine that has done 140,000kms.

[ls1vt209]

$3500 might be the blower price, are you going to fit it yourself, tune it yourself, does it come with bigger injectors/fuel pump etc. If not there is an easy $3000 on top (IF you are buying the parts new and paying someone to do the work), so your $8k will be soon gone.


House first as has been said, then mod once you are in.

Good luck either way.

[SilverVH]

Buy the blower, you can always sell it for what you paid or more if you decide to change your mind (before or after it is fitted.)

If you are stressing over a $3500 purchase, then I don't think you are stable enough (financially or mentally) to have the burden of house repayments.

Just my 2c.

[XUV]

$3500 might be the blower price, are you going to fit it yourself, tune it yourself, does it come with bigger injectors/fuel pump etc. If not there is an easy $3000 on top (IF you are buying the parts new and paying someone to do the work), so your $8k will be soon gone.
.

and then your gearbox or diff will explode , it's a downward spiral of doom .

The thing with the HP pissing contest is that it's dominated by us older guys ,
and you youngen's stay poor trying to keep up ,
and what's worst , no-one really cars how much power you have anyway .

You could say '' Horse Power won't get you a loan ''

[team illucid]

I wouldn't be buying a house in the current market ... We almost purchased in March this year, if we had, we would be about 20-30k behind right now. We are looking to buy now, in about 18-24 months.

Get the blower now, enjoy life a bit, because once you get a house, you won't be able to afford a blower for years.

Sent from my Touch-IT HD7 using Board Express

[hardcorekid]

$3500 might be the blower price, are you going to fit it yourself, tune it yourself, does it come with bigger injectors/fuel pump etc. If not there is an easy $3000 on top (IF you are buying the parts new and paying someone to do the work), so your $8k will be soon gone.


House first as has been said, then mod once you are in.

Good luck either way.

OP stated that i would be buying it from a mate and that it would include everything (blower, fuel system, injectors, piping, cooler). Would fit it myself and take it to be tuned.

[CALDIR]

Hi

I have been in the same boat as you about 4 times in the last 4 years.

I bought a used WK Grange around 2008 and around once per year a nice used Harrop 112 or 122 package pops up on these forums or ebay whilst I am right in the middle of developing an investment property, each time I nearly back out of the development and buy the supercharger.....I am now so happy I never bought any of the superchargers!

I strongly recommend you go for the house deposit...

regards,

Richard
HRTSEN

[hardcorekid]

Buy the blower, you can always sell it for what you paid or more if you decide to change your mind (before or after it is fitted.)

If you are stressing over a $3500 purchase, then I don't think you are stable enough (financially or mentally) to have the burden of house repayments.

Just my 2c.

That is a good point about re selling later and i did consider that.

As for your other comment, $3500 would be the price of buying just the set up and i was worried about additional costs such as tune, valve springs, permit/emissions testing. it would all mount up and pretty much blow the majority of my savings. House repayments are quite a burden for most people on average incomes but if you start with a small nest egg and a partner it is usually achievable if you are smart about it. But without that nest egg then i would have very little chance of saving enough for a house deposit even with the help of a partner.

So thats my point. if i buy the blower and add the additional costs, then i say goodbye to the house for several years. and vice versa.

[Podge]

http://downloadhousemdepisodes.edogo.com/wp-content/uploads/2008/07/house-md-promo-season-4_06.jpg

[Cmycv8]

Bottom line is that you can make more blowers but can't make more land. They longer you wait to buy a house the more it will cost you.

Keep saving mate, get the go fast bit another day.

[awesome _vzss]

House all the way,I bought mine almost 4 years ago and sold my vy ss ute at the same time to help free up some funds,but slowly saved all my over time and started the Mods I wanted.
Still plenty more Mods to go but still got a lot of saving to do.

[TAKEITEZ]

when i was an apprentice i managed to save up $19,000 in my first couple of years...
I didn't know what to do with all this money and all the "old guys" at work were telling me i should buy a house... even if i didn't want to move out of mum and dad's, i should just buy something, so i'm in the market...

this was in 2002... when median house prices were floating around the $135,000 in Launceston... median prices in 2011 - $377,000.......

my wife and i just bought a block of land in another suburb... $115,000... sounds pretty cheap... but when i spent my first 'house deposit' on a car, median house prices in this suburb were $125,000...........


when i could first afford a house, i chose to buy myself a ute... a VS that swallowed all of that 'deposit' money and then the modifications came!!!... i saved up and bought a wrx next... then a datto 1200... next, a vy maloo... i modified that even more than everything before it...

a good mate of mine who was an absolute "dag" bought his first house at the time i sunk my first house deposit into a car...
he now has 6 investment properties... a part share of the company he works for... 10 acres of land just out of the city and a 40 square house sitting pretty in the middle of it...



if there was a magic time machine that we could all jump into and change things i reckon most of us would skip the fast cars for a couple of years and get into a house first...

after all, you need somewhere to put a car!

[AVENGE]

I only had to read the title of this thread and instantly thought 'This guys sounds like me!'

Hahah its definately a tough choice.

[feistl]

this was in 2002... when median house prices were floating around the $135,000 in Launceston... median prices in 2011 - $377,000.......

While that is 100% true, the housing bubble has been building during that period. Although its hard to predict, there is no way housing will continue to rise at the previous rates. In the "old" days, housing increased at a rate of few percent, not the double digit rises we saw during the 2000 era.

A lot of people are predicting (which may/may not happen) that we will experience many years (possibly a decade) of stagnant house prices or minor rises until wages/inflation can catch up.

Again im not saying in anyway to buy a blower instead, but rather dont buy a house expecting it to double/triple in value overnight.

I personally think the OP should keep saving till he gets more of a deposit (especially if he is living at home) and see what the markets do. There is a reason why hardly any property is selling at the moment....

[Ruiner]

I was in the same position till about a month or so ago.
Ive been building a substantial deposit for a house and i'd rather keep saving up till I buy a place so I take less of a finacial hit when it buy.
Only important car mod I have to do, is a LPG conversion, but that will be paid for once I sell my on and off project car.
The charger can wait a little longer but at the current rate, It wont be installed till end of next year.

[SEMPER FI]

Save the deposit for the house and don't look back !!!:goodjob:

[matthewfnorbert]

save for and buy a house.

start off on the right foot and stay there, get into the habit of not making these sorts of decisions!

later on in life when those around are scratching for rego money on their s/c old banger, you will have assets and disposable income to enjoy the toys.

[heavyduty1340]

As another of the blokes that has been there done that, listen to the wise old owls - get the house, then play with the toys

You will look back and thank yourself once you do

The blower will cost you a bomb by the time you put a full exhaust on (really need twin 3"), and injectors and fuel system, and tune, and otr, and fix broken half shafts, and fix diff

BUT at the end of the day it is your choice

[rone61]

Keep saving for the house.

[SAMCRO]

Sensible Luke advises buy a house.

:evil: Luke advises do what makes you happy.

:rofl::rofl::goodjob::goodjob::goodjob:

+1

[WHLS1]

House.

Toys later in life are still enjoyable (the voice of experience who is now thinking second hand S5, M3, 335i for his later age toy).

[hardcorekid]

WOW i didnt expect this many replies. i guess its a pretty common predicament.

Ive decided on the house. I figured my clubsport is still a very nice car and although i would love more power, its still a heap quicker than the girlfriends lancer so for now it will do.

Also i thought hard about it and if i keep saving slowly (while living out of home) in a year or so i will have enough of a deposit where i hopefully wont have to sell the clubsport. where as if i do it the other way round, the blown clubsport will have depreciated significantly in a few years and ill probably have to sell it and drive around a suzuki swift to be in the exact same position.

Thank you to all the wise people on here. my friends and girlfriend surely would of steered me in the short term "more burnouts" direction.

[MPRSV8]

Mate, good choice, i'd be putting money into bricks and motar first. I bought myself my first palce 2 years agob and its already made between 15-20%, whilst providing me with tax advantages too.

I think the market will bottom out shortly, and with mortgage competition ripe, if you do you're homework bargains are there to be had. In Perth especially the mining boom is holding up the economy and i think it will provide great investment.

PM sent about said Procharger :)

Matt

[VTV691]

I always say to people go live your life 1st... expirience everything you want and when you're ready to settle, then buy your house..

Go trip around or whatever makes you happy, you have rest of your life to pay for house...

Once you pay your deposit all your money will got into the mortgage unless you make millions. The main thing is you do buy house is to be ready for it.. do you have plan B if you lose your job?

I really cant understand when people in their teens or early 20s go buy house and suffer in their best years for the "bricks" instead of enjoying life.

But thats my point of view..you cant do the same things when your 40+ as when you in 20s..

my 2c

[MPRSV8]

I really cant understand when people in their teens or early 20s go buy house and suffer in their best years for the "bricks" instead of enjoying life.

But thats my point of view..you cant do the same things when your 40+ as when you in 20s..

my 2c

Whose to say he wont rent it out as i've done. I just wanted into the property market, i was in now rush to change my lifestyle but wanted an investment. I still spend $ on my car, and even went to Vegas for a boys week 6months after i got the place.

You can have your cake and eat it too if you make sacrifices :)

[hRTHSV]

WOW i didnt expect this many replies. i guess its a pretty common predicament.

Ive decided on the house. I figured my clubsport is still a very nice car and although i would love more power, its still a heap quicker than the girlfriends lancer so for now it will do.

Also i thought hard about it and if i keep saving slowly (while living out of home) in a year or so i will have enough of a deposit where i hopefully wont have to sell the clubsport. where as if i do it the other way round, the blown clubsport will have depreciated significantly in a few years and ill probably have to sell it and drive around a suzuki swift to be in the exact same position.

Thank you to all the wise people on here. my friends and girlfriend surely would of steered me in the short term "more burnouts" direction.

Good decision mate on the house, your girl friend sounds the same as my wife about cars.

I would find a little and get a mafless tune 'only' on your clubby, that'll make you happy while you are building/buying/paying for the house.

[VTV691]

Whose to say he wont rent it out as i've done. I just wanted into the property market, i was in now rush to change my lifestyle but wanted an investment. I still spend $ on my car, and even went to Vegas for a boys week 6months after i got the place.

You can have your cake and eat it too if you make sacrifices :)


I agree IF you can.. IF was that easy and simple every one would have done it. But % of people of people that can and have done it its smaller than rest..
Seen too many young people especially in WA that rush and buy house.. suffer to pay it off and some stage are forced to sell it and lose money.

anyway congratz on buying the house mate and good luck:)

[hardcorekid]

Good decision mate on the house, your girl friend sounds the same as my wife about cars.

I would find a little and get a mafless tune 'only' on your clubby, that'll make you happy while you are building/buying/paying for the house.


Cheers mate. yeah i might just do that. the guy with the blower also has a OTR sittin in his shed so if he can give me that and the exhaust for almost noithin then i will think about getting the mafless and putting the otr on at the same time and that should make me feel a little more compaicent with the decision

[hRTHSV]

Cheers mate. yeah i might just do that. the guy with the blower also has a OTR sittin in his shed so if he can give me that and the exhaust for almost noithin then i will think about getting the mafless and putting the otr on at the same time and that should make me feel a little more compaicent with the decision

Sounds like a good plan to me.:)

[1BEAST2NV]

fuk i've done it all wrong then :confused:..... or have I.......

I modded my car HEAPS and DONT regret it..... yeah its alot of money but hey, I live in the here and now and enjoy life, and love the way things are.

A house is next on my list and am saving for a morgage.... U DONT always have to do the "sensible" thing first in life, have fun and enjoy life, houses are'nt going anywhere.

plenty of life and plenty of time, I no heaps of young ppl with morgadges and struggle to even live,eat, put petrol in there car all because they cant "really" afford the repayments but dived in the deep end too early and regret it...now have no life, no money, and are afraid to buy a beer incase they blow there spare cash that they might need..

be fukd if I'd live like that.

at the end of the day it would be lovely to own a house, and "ONE DAY" it will happen..

But untill then I'll continue to rent ,be happy, and live life :)

It is the "australian" dream, but not everyone can have that dream...

for others, It takes time.

[grandpa spec]

I recently turned 21 and I decided to tally up how much my hobby has cost me.

In 4 years I have spent around the $40k mark on my cars not including fuel, tyres, rego etc.

That would have been a very tidy house deposit!

[white lie]

I'm going down the blower route also... Sure a house is more sensible, but house prices dropped 2% in Perth thru August... with an average price of 500k, that's a 10k drop in a month. So by not buying for a month, its paid for a fair chunk of my huffer!

[73.RSR]

It's called delayed gratification, in '05 I was single with over 150K worth of cars in my driveway but my mortgage and personal loans were out of control.

I decided I was sick of passing my money onto the banks.

I changed my tune and plan to be out of debt by December 2012 - bring on a 997 GT3!!!

[VTV691]

fuk i've done it all wrong then :confused:..... or have I.......

I modded my car HEAPS and DONT regret it..... yeah its alot of money but hey, I live in the here and now and enjoy life, and love the way things are.

A house is next on my list and am saving for a morgage.... U DONT always have to do the "sensible" thing first in life, have fun and enjoy life, houses are'nt going anywhere.

plenty of life and plenty of time, I no heaps of young ppl with morgadges and struggle to even live,eat, put petrol in there car all because they cant "really" afford the repayments but dived in the deep end too early and regret it...now have no life, no money, and are afraid to buy a beer incase they blow there spare cash that they might need..

be fukd if I'd live like that.

at the end of the day it would be lovely to own a house, and "ONE DAY" it will happen..

But untill then I'll continue to rent ,be happy, and live life :)

It is the "australian" dream, but not everyone can have that dream...

for others, It takes time.

+1 .. I think you said it better than me Kev-o :)

:goodjob:

[SilverVH]

In all honesty and I don't mean to sound rude, but if the OP was dead serious about saving for a house deposit, he wouldn't be driving a VX Clubsport.

Petrol
Insurance
Maintenance

They all add up at the end of the day.

Why do you need a HSV over a normal Commodore? Why a V8 over a V6 or 4 cylinder?

Sell the car and buy something cheap, go buy a house then use the collateral to buy a decent car later on.

I still think you should've bought the blower at that price irrespective if you want a house or not.

[davus]

http://downloadhousemdepisodes.edogo.com/wp-content/uploads/2008/07/house-md-promo-season-4_06.jpg

well played sir.

[ADAM 26]

not sure how old the op is but,

if your younger, get the blower, have some fun, while still living with the olds. thats what i did, i built the tonner, had a few other cars and bikes, had great fun, with out having to pay off a house or fill it with funiture or shit like that.

once i had the cars and bikes, i saved up the cash, and got a house, now i have my boys toys and a house to put them in. but its hard to use them as just general house work that i didnt have to do before, gets in the way of working/playing with the cars.

i recon it worked out well for me, i got into a good house, at a good price, and iv been able to have the toys i want when i wanted them.

you only live once, have fun while you can.

[IJ.]

not sure how old the op is but,

if your younger, get the blower, have some fun, while still living with the olds. thats what i did, i built the tonner, had a few other cars and bikes, had great fun, with out having to pay off a house or fill it with funiture or shit like that.

once i had the cars and bikes, i saved up the cash, and got a house, now i have my boys toys and a house to put them in. but its hard to use them as just general house work that i didnt have to do before, gets in the way of working/playing with the cars.

i recon it worked out well for me, i got into a good house, at a good price, and iv been able to have the toys i want when i wanted them.

you only live once, have fun while you can.
This approach! :)

Seems to be a lot of assumptions being made without any idea of the young guys situation..

Unless he has a very good paying job and can do the house purchase single handed without a partners wage buying a house may mean he can never afford a "Toy" car.

All the ongoing costs owning a house are the real killers not so much the repayments.

[DCV1NU]

fuk i've done it all wrong then :confused:..... or have I.......

I modded my car HEAPS and DONT regret it..... yeah its alot of money but hey, I live in the here and now and enjoy life, and love the way things are.

A house is next on my list and am saving for a morgage.... U DONT always have to do the "sensible" thing first in life, have fun and enjoy life, houses are'nt going anywhere.

plenty of life and plenty of time, I no heaps of young ppl with morgadges and struggle to even live,eat, put petrol in there car all because they cant "really" afford the repayments but dived in the deep end too early and regret it...now have no life, no money, and are afraid to buy a beer incase they blow there spare cash that they might need..

be fukd if I'd live like that.

at the end of the day it would be lovely to own a house, and "ONE DAY" it will happen..

But untill then I'll continue to rent ,be happy, and live life :)

It is the "australian" dream, but not everyone can have that dream...

for others, It takes time.

+2 well said

I was recently in a similar situation as the op, yes I shouldve done the sensible thing and bought a house but I said Fark it I'm only young once so I'm gonna enjoy it while I can before I settle down(i do plan on buying a house in 3-5 years tho).

[VYBerlinaV8]

Just as an alternate viewpoint, it's worth remembering that Australia has just gone through an amazingly prosperous period, and so a lot of the young guys here won't remember a time when 20 year olds could never afford cars like the young fellas these days. It just didn't happen. When I was in my late teens and early twenties, most people my age had cars that cost 5 grand or less, unless parents had paid. The point of this ramble is simply that we may not always be so prosperous in the future, and to have passed up a golden opportunity to buy a major asset may well cause some regrets down the track. In 10 years time the high incomes we get now may well not be so easily available any more.

Ultimately, I'm not going to tell anyone what to do with their money, but the opinion of this not so old bugger (who turns 36 next week) is that if you're careful when you're younger you can have a lot more as you get older.

Just my 2 cents, take it or leave it.

[brentonsav]

i did the blower after 2 houses. i would never spend money on modifying cars without cash and stability behind me. i'm in a fortunate position to have the ability to fund the lot.

i've spent enough on the GTS and have the result I was chasing, so i'm back to being sensible and putting money into things that will make me money (or at least break even in the current climate)

the house is the right decision. it's a buyers market out there and no-one knows where the bottom of the market is so buy up and get committed for the long term.

as a wise one once said, in the red get out of bed. im plenty in the red and that keeps me going!

[hardcorekid]

Some info to ease speculation:

23yrs old
average income (approx $50k p/a) confident to be at $80k in the next 12 months with company car.
Renting with 3 housemates
partner with similar income who lives at home.

the decision was made to continue to save and the blower stayed on the guys car and hes now selling the entire car. if anyone in perth wants a Blown VY SS with 580rwkw. $22,000 ono. he wants it gone in the next week otherwise he will be trading it in when he picks up his Brand new R8. PM if u want details

[VYBerlinaV8]

Some info to ease speculation:

23yrs old
average income (approx $50k p/a) confident to be at $80k in the next 12 months with company car.
Renting with 3 housemates
partner with similar income who lives at home.

the decision was made to continue to save and the blower stayed on the guys car and hes now selling the entire car. if anyone in perth wants a Blown VY SS with 580rwkw. $22,000 ono. he wants it gone in the next week otherwise he will be trading it in when he picks up his Brand new R8. PM if u want details

580rwkw?!?! Wow, that thing must go!

[boggers007]

Some info to ease speculation:

23yrs old
average income (approx $50k p/a) confident to be at $80k in the next 12 months with company car.
Renting with 3 housemates
partner with similar income who lives at home.

the decision was made to continue to save and the blower stayed on the guys car and hes now selling the entire car. if anyone in perth wants a Blown VY SS with 580rwkw. $22,000 ono. he wants it gone in the next week otherwise he will be trading it in when he picks up his Brand new R8. PM if u want details

Mate def's go the house. Im 22 on 70k and about 3/4 of the way thru my build. Looking at the cost of the house and all the other items i should live pretty comfortably. If i was you id just save right up until you hit the 80k mark as ive seen a few mates get into a house at 50kish salary and have struggled (obviously living by themselves). If your moving in with the missus then obviously that will help the situation but you have to put up with some of their shit decorating ideas :rofl:

[michaels1v8]

In all honesty and I don't mean to sound rude, but if the OP was dead serious about saving for a house deposit, he wouldn't be driving a VX Clubsport.

Petrol
Insurance
Maintenance

They all add up at the end of the day.

Why do you need a HSV over a normal Commodore? Why a V8 over a V6 or 4 cylinder?

Sell the car and buy something cheap, go buy a house then use the collateral to buy a decent car later on.

I still think you should've bought the blower at that price irrespective if you want a house or not.

not necessarily true. I'm 22 and bought my first car for cash when i was 18. I've managed to save up a pretty decent house deposit whilst studying at tafe and putting myself through university. I've lived the good life of being a student and partied hard and i've never even had a full time job. work hard and play hard. Good choice by the op considering the state of the market i truely believe within the next couple of years is the best time to buy that we've had in a long time.

[hardcorekid]

580rwkw?!?! Wow, that thing must go!

WHOOOOAAAA s**t my bad 580 rwhp lol sorry guys

[hardcorekid]

Mate def's go the house. Im 22 on 70k and about 3/4 of the way thru my build. Looking at the cost of the house and all the other items i should live pretty comfortably. If i was you id just save right up until you hit the 80k mark as ive seen a few mates get into a house at 50kish salary and have struggled (obviously living by themselves). If your moving in with the missus then obviously that will help the situation but you have to put up with some of their shit decorating ideas :rofl:

Sounds like your on the right path. congrats on ur house mate.
Yeah well the plan is to save for another year or so until im in a better income situation like you said. Ive been applying to be a firefighter so hopefully ill get picked up for that in the next couple recruitments. if not, im in a pretty stable job, all be it quite mundaine, where i think in the next 12 months ill be offered a promotion and will be set.

yep the plan is to get the mrs on board but ill just have to see how that pans out. luckily we have similar taste and as stated in previous posts, she was egging me on to get the blower so i might not have to beg too hard in the future for some nice toys :P

[MPRSV8]

the decision was made to continue to save and the blower stayed on the guys car and hes now selling the entire car. if anyone in perth wants a Blown VY SS with 580rwkw. $22,000 ono. he wants it gone in the next week otherwise he will be trading it in when he picks up his Brand new R8. PM if u want details

Mate if he cant sell the car, i'd be happy to take the Procharger off his hands if its in good nic? Is it a D1 or P1?

Matt.

[VYBerlinaV8]

WHOOOOAAAA s**t my bad 580 rwhp lol sorry guys

No worries. I was thinking that would be pretty quick!

[hardcorekid]

Mate if he cant sell the car, i'd be happy to take the Procharger off his hands if its in good nic? Is it a D1 or P1?

Matt.

Its a P1 i think mate. But like i said, hes bought a new R8 and if it doesnt sell then he will trade it in to the dealership.

[VXII MALOO]

I bit the bullet and done the 'house' thing early on, now im all set up and able to mod away without any worry.

[brae]

Ill throw my 2 bob out there,

I came from a struggling family with a stay at home mum and truck driving dad, my parents did well bringing up my sister (2yrs older) and myself.

I always told myself that when I have kids I want to be able to buy a new car, go on a holiday every year etc. I decided to never rent and pay someone elses morgage off. Get in and do the hard yards now and enjoy for the rest of my life. (not that I havent enjoyed the early parts)

My now wife and I were engaged and bought our house at 21. Now we are 25with our first baby due in Jan. Our house is halfway paid off, we own both our cars; 2004 outback premium and 2004 ss ute. I have a fair few k worth of equipment and toys. Renovated our house gone on holidays every year, have nice quality furniture and living, NO CREDIT CARDS or debt other then the house.

The reason for this? Our first home is a 2 bedroom weatherboard. Its NOT a newly built 4 bed 2 bath, 3 living house.

Your first house does not have to be new. Buy small get into the market, buy something half the price of everything else. Pay off the same amount as you would for the bigger/newer house and pay it off 6 times as faster. Own it then sell/rent out it and you will only need a small loan to have that big house in half the time. Interest is the killer!!

You can pay 2 200k loans off in a fraction of the time of 1 400k loan.

On the other hand, my sister is nearly 28, traveld the world and had the time of her life, but hasnt got anything to her name but a 5k watch...... because thats important in life.

[evlwag]

House all the way. Once power bug hits it won't stop

[vxssblown]

Im just going through this at the moment. having just sold my supercharger, i was planing on building a stroker and turbo setup. After my parents and my boss on my back all the time saying to buy a house i just went stuff it put all the money on a deposit. Now i feel its the best thing ive every done and should of done it years ago insted of spending countless amounts of money on my car. but on the other hand i did love the feeling of driving a blown LS1.

Cheers

[nikvyss]

the house u can always pull money on the mortgage later to do some mods another supercharger will come up

[Tryhard]

Common sense would say save and buy your house,on the other hand I would say buy it buy it buy it. Says the man with a house already.

[HSVREDSLED]

Ill throw my 2 bob out there,

I came from a struggling family with a stay at home mum and truck driving dad, my parents did well bringing up my sister (2yrs older) and myself.

I always told myself that when I have kids I want to be able to buy a new car, go on a holiday every year etc. I decided to never rent and pay someone elses morgage off. Get in and do the hard yards now and enjoy for the rest of my life. (not that I havent enjoyed the early parts)

My now wife and I were engaged and bought our house at 21. Now we are 25with our first baby due in Jan. Our house is halfway paid off, we own both our cars; 2004 outback premium and 2004 ss ute. I have a fair few k worth of equipment and toys. Renovated our house gone on holidays every year, have nice quality furniture and living, NO CREDIT CARDS or debt other then the house.

The reason for this? Our first home is a 2 bedroom weatherboard. Its NOT a newly built 4 bed 2 bath, 3 living house.

Your first house does not have to be new. Buy small get into the market, buy something half the price of everything else. Pay off the same amount as you would for the bigger/newer house and pay it off 6 times as faster. Own it then sell/rent out it and you will only need a small loan to have that big house in half the time. Interest is the killer!!

You can pay 2 200k loans off in a fraction of the time of 1 400k loan.

On the other hand, my sister is nearly 28, traveld the world and had the time of her life, but hasnt got anything to her name but a 5k watch...... because thats important in life.

Buy this man a cigar.

Luckily, I followed your path about 20 years ago. All my mates were travelling to Europe, USA, Africa, buying toys, pissing everything up against the wall, now...they are struggling with a mortgage and cant have fun for at least another 15 years.

I too took your route. No travel/toys...bought a house FIRST!

Rented it out, paid as much off as I could as fast as I could, sold, updated location...bought a two bedroom knockdown, paid off as much as I could...saved hard, knocked down, rebuilt...now I am in the house I will die in.

Hey...I dont call myself rich...far from it...but I can buy toys travel, and enjoy life.

Every building no matter how big or small requires a solid foundation. Your foundation in life...is your house!

[Lowry87]

I agree go with the house deposit. Pay a little more everyweek and then at the end of the year look back and decide if you want to use the extra dough to buy a charger kit or keep adding to the bank. Once the power hunt starts the house will get pushed too far behind. Best investment is bricks and motar.

[Hi Octane]

You cant drift a house. :driving:

[berroca]

keep saving and get your house mate.

cars will always be there to mod. houses are only going to get more expensive, once you have your house you can do whatever.

buy the supercharger and kiss your 8k good bye

[Samurai Trader]

you can sleep in your car, you cant race your house....

[1BEAST2NV]

I ended up s/charging my car with all the fruit, full stereo etc....blew like 15/20k (oooops, never tell the misses lol)

then just 4 weeks ago bought a house, get the keys on the 3rd april :)

best of both worlds now,

houses arent going anywhere, and the price aint gonna boom anytime soon, thats why i modded the car.

but they will slowly start to go up over the next 12 months i reckon

[steve_t]

A house doesn't normally lose almost all of its value over the years. Stop paying someone else's mortgage off

[1BEAST2NV]

on a serious note, its costing me an extra $250 a week (ontop of the rent i pay now) to own my own home :)

[hardcorekid]

wow cant believe this is still going.

I can tell you that the house is firmly in my mind now. although i did get a little excited when i saw a vz ss on carsales the other day with pds sittin pretty in the engine bay. That thought was quickly shot down by the mrs lol.

I ended up moving in with the mrs to brand new rental and blew half my savings on furniture and s**t for the house. The upside is, her daddy is earnin a good bit of coin and will be building a new house in about 6 months time and offerered for me and the mrs to stay there for free so we can save up a decent amount of coin and then build ourselves.

[shaneooo]

Good to hear mate, the house is the best choice to make.

I back when I was 20 I wanted a new VY clubby and had money for a deposit and got a loan approved, but I resisted and got the house which I rented out 6 months after purchasing, fast forward to now and I have a new FPV GT 5.0 s/c and SSV ute, my house still rented and another house with my wife. Having equity in an appreciating asset can assist in so many ways.

Plus if you get the house now, in a few years the VE's will be cheap as chips to buy and modify!!!

Good luck.

[VYBerlinaV8]

on a serious note, its costing me an extra $250 a week (ontop of the rent i pay now) to own my own home :)

And in a few years it will cost you less per week to own than rent. Then one day you'll stop making payments altogether.

[vxsslsx]

Go for the house. I built mine 2 years ago have my wife stay at home mum with 2 kids, 2 year old and a 5 month old. So I didn't really have a choice spending big cash on a car. Even if I was single and didn't have this responsibility I still would of went for the house. I still get to do mods here an there when the kids are older and missus starts working then i can have some fun with serious mods :D and travel.

[kangavxss]

Hey Guys

My first post so be gentle :)

I Currently drive a stock VX Clubsport with an extreme clutch upgrade being the only mod.

I have been looking at giving it a little more power over the last 6 months but had instead decided to save for a house deposit.

Currently have about $8k in the piggy bank which is a good start for my average income.

Trouble is, yesterday i had a mate call me to say he was selling his procharger setup and would hook me up real cheap. Anyway i went for a spin in his car and fell in love. although he has $40k worth of mods i couldnt help but imagine what it would be like to drive that every day.

I could probably get him down to $3500 for the whole blower set up inc all piping, cooler, injectors and possibly fuel rail system. Also said he would throw in a Manta 2.5" exhaust for nothin.

I just dont know if the cost is gonna keep mounting. i have 120,000 on the clock and he suggested double valve springs. i also want to get a permit so i need to know if it is safe putting the exhaust on before i take it to get tuned as that mite push it over the limit for emissions.

Any suggestions or opinions welcome

Cheers

M8 spend a little bit on the normal mods for the car (exhaust/otr etc) to stave off the hunger for more power and the rest on the house. I mean all that extra power with the blower is tempting but for a daily driver would you use it to its full potential every single day + on going expenses/maintenance?? Something to think about...