My 2010 Z

Slynky

Well, without figuring it out, the difference in a house payment for $200K -vs- $220K will mean a difference of about $120 per month. If this amount of extra money would mean the difference between you getting a nice car or a REALLY nice car, then I guess you have your answer.

What Micas was wanting you to be concerned about was the amount of money one puts forth in total when going into debt for a huge chunk of cash. It's, in reality, wasted money. So, as long as you're trying to determine, for instance, if buying a cheaper house will allow you to have a more expensive car, you should also consider if paying/wasting (for example) $3,000 in interest over the life of the loan is worth having it NOW instead of saving up for it.

That's the sort of thought I weighed when considering purchasing a Z for myself... if paying/wasting (for example) $500 is worth having a 2010 model instead of waiting for the 2011 model and having just about all the cash I need.

Hope this answers your question.

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