Hi,
New here but let's not waste time. My wife and I earn R62K gross collectively in a month. Her car is old and I have spent 50k on it in 2 years and currently, it is worth around R80K. We are considering selling it and buying a Corolla Cross for R400K. We want to put down a deposit of R100k in total. We want a family-size car that still has a warranty and maintenance plan.
The other option, we keep with the shit box of a car and buy a 3-bedroom apartment but this will then only be the end of 2024 as we need to save for a decent deposit and money for all the fees. We live in Durbanville and 3 bedroom apartments are about 2m.
We have no debt and our monthly spending averages around 30k. (Rent, insurance, food, petrol, saving, investing, etc.)
What do you think, Reddit?
EDIT: Didn't buy the car, going to do pre-approval for a home loan in Feb. Hoping to get close to 1.8-2m
New here but let's not waste time. My wife and I earn R62K gross collectively in a month. Her car is old and I have spent 50k on it in 2 years and currently, it is worth around R80K. We are considering selling it and buying a Corolla Cross for R400K. We want to put down a deposit of R100k in total. We want a family-size car that still has a warranty and maintenance plan.
The other option, we keep with the shit box of a car and buy a 3-bedroom apartment but this will then only be the end of 2024 as we need to save for a decent deposit and money for all the fees. We live in Durbanville and 3 bedroom apartments are about 2m.
We have no debt and our monthly spending averages around 30k. (Rent, insurance, food, petrol, saving, investing, etc.)
What do you think, Reddit?
EDIT: Didn't buy the car, going to do pre-approval for a home loan in Feb. Hoping to get close to 1.8-2m