Ever since I got my promotion and started as a Jaguar service advisor things have going really well and with the extra $, I have been thinking about buying a place in the spring. Problem is it's really expensive to live in the DC area unless you want to sit in traffic.
I currently own an 07 Legacy GT which I like as a daily driver but for the $ I put down, the $500 a month car payment and the premium gas it's not worth it. It's also an auto, which is good for traffic but boring. The local Subaru dealership has a lease special this month on the non-turbo Legacy's where you pay the whole lease up front (w/ tax, tags, etc) and have no payments after that. After trading in the GT and paying it off I would have an extra $5000 which covers the 2 year lease so basically it's a free car for 2 years. With no more car payments this would free up $ to buy a 2nd "fun" car.
For the renting vs buying a house, renting would easily save me 1000-1500 a month and although buying a house is a great investment, the market is nothing special and this area has peeked in prices, although everyone says "it's the time to buy this year" I could easily investment that $1000-1500 plus the $500 a month I saving from getting rid of the GT and put it in some sort of account to make $ and save for a future downpayment. If I find someone to rent a room and I find a GREAT deal on a 2 bedroom condo/townhouse I would probably do it but if not I probably shouldn't rush it and rent for awhile. What do you guys think?

Poll result (19 votes) buy a car and buy a house (10 votes) Vote buy a car and rent a condo,etc (2 votes) Vote lease a car and buy a house (2 votes) Vote lease a car and rent a condo, etc (1 votes) Vote cheese (4 votes) Vote (0 votes) Vote

I said lease the car and buy the house. The house is a good long term investment. The car ... well it eventually devalues to nothing. I would lease a daily driver from this point forward. With housing prices going down it should be a good time to buy.

-"Easy Mac"
05 Mazda RX-8 (RR8 #88)
99 Eclipse RS 398whp & 372lb-ft

Do whatever works best about the car situation. Renting the place where you live is ALWAYS wasting money. No if's, and's or but's.

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BPU'd skittle

as long as you plan to stay in the house for at least 5 years its an AWSOME investment right now.
4 months ago we started building our new house and we got approved at 7.5% i dont sign for closing till may and i gt a call at least every couple of weeks saying that our intrest rate went down a couple of points. if i had to sign today mine would now be at 5.8%

the feds were suposed to have a meeting on the 11th about droping them AGAIN so im wating for that anouncement this week and the subsequent phone call from my broker.

just be careful your not in danger of loosing your job otherwise your FOOKED in this market.

with your job at the dealership you should be leasing anyway, not worth it to buy a car unless its an investment piece or your going to mod the Shit out of it!

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"Don't fear the weapon, fear the soul of the warrior using it."
"My CEL only goes off when i remove my battery."

Best sum up of working on a 2GNT
DR1665- "#5. Spike that motherfucker on the garage floor and grab a beer. You deserve it."


Ahhhh Priceless . . .
eclipse982nrRST "its actually lightish red"
RoninEclipse2G "yeah, they already have a color for that... it's called PINK"

To hell with the car and house; cheese all the way.
Seriously though, buy the house, and lease the car.

1998 Eclipse RS-T - Totaled 4/23/09 -
1998 Eclipse GST - Stroked 2.3l, HX40 fed: Build in progress
2010 Subaru Outback Limited

I hate hipsters.

Buy a house, and buy a car you can afford.

Cars above $1000 are ultimately just for fun and showing off however you want to look at it. The last thing you want is a car payment that makes you more miserable than what little your car does to make you happy.

But if you insist on having a car you can't afford, lease it.

Buy a house, buy a house, buy a house, buy a house, buy a house, buy a house, buy a house, buy a house, buy a house!!!!!!

Survey over.

Gotta get in the game. Once you're in, you're in. Do not continue to pay someone else's mortgage, if you can swing it. Get the $100 dollar car but buy the house.

Captain Caveman

96 RS Turbo 11.414 @ 119.62 MSNS, Crower 2 NA cams, BW366, 10.5 comp, UDP, 60mm TB, W/A intercooler, 3.55 tranny 567.9whp 430tq
97 RS NA 13.188 @ 103.87 MSnS powered 12.5 comp, Crower 3's and 219.4whp with 175tq
98 RS DD 12.5 comp on stock ECU, LTH, Crower 2's, Koni, GC, Hypercoil, DG hats
99 OZ 5sp Stocker 15.856 @ 85.97
99 GS stocker auto 17.7@77mph!

wiki home page:http://www.2gnt.com/index.php?d=bullettdsm

I contributed to the Wiki!
EVO IX - just a really expensive boost gauge and a K&N air filter
96 Eclipse RS -awaiting registration and inspection
95 Eclipse GS - parts car
Mods/Profile - http://www.2gnt.com/index.php?d=cs82685

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-Tony <--- NOT asian.
'06 Wicked White EVO IX

2gnt: '99 RS-T, killed by a toyota, pending rebuild...
Daily: Volt
Daily #2: '99 EVG ebike- STOLEN by PEDRO

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VW= The joy of driving
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The wonders of 2gnt chat:

How about buying a house and renting it out to someone as well :

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All that is necessary for evil to prevail is for good men to do nothing.- Edmund Burke

HRC Stage IV

Originally posted by mysteryclipse21
How about buying a house and renting it out to someone as well :

2gnt: '99 RS-T, killed by a toyota, pending rebuild...
Daily: Volt
Daily #2: '99 EVG ebike- STOLEN by PEDRO

hehehe I'm drooling over the housing price drop... Cyndi and I have been actively seeking, and may finally get the opportunity I love this 10 year cycle...

-K-