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  • Property-a-holics

    Car or house ? Hmmmmmm

    I am in the process of selling a flat and plan to buy a new car this year

    I turn 60 this year and have several pensions I plan to take. Along with the income from my remaining properties I should be well set.

    My current car is a MX-5 I got 12 years ago as a company car. I liked it so when the lease was up I bought it..  I plan to get the new model,

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    There is much to be said for buying a car new and keeping it long term.  You know its history and maintenance record and depreciation averages out over the years.

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    I would buy a house. Personally, I can't see any point in buying pricey brand new cars today, when you have an opportunity to invest in your future and the future of your children. For me, driving an old but safe car is okay. You don't really know what will happen, so it's crucial to have some savings. I'm really passionate about the idea of stable future and certain benefits for my children. It seems to me much more important than splaching out carelessly today. And I'm sure that it is worth having peaceful  old age and knowing our children will still have savings , in case they have financial trouble.

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