Quote Originally Posted by dr. d View Post
the wise man will look for a house first, before he looks for a car.
if he is lucky (luck: what happens when preparation and foresight, meet opportunity), he won't need a car.
A piece of land trumps a car purchase any day as land appreciates. Kahit hulugan mo yan, it appreciates and come time to sell it after a few years, the amount appreciated would normally be more than the amount used to purchase it in the first place especially if the piece of land you bought is in a high growth area. It's an investment. An investment is something that generates money over time. A car purchase on the other hand is not and will never be an investment, unless used for business.

Say Mr. A and Mr. B both mortgaged a car. Can you say Mr. A with a Vios, with his own home small as it may be, is better off than Mr. B with a Fortuner, but without his own home and simply renting? If an emergency strikes both Mr. A and Mr. B, you can be damn well sure Mr. B will be the one crying himself to sleep each night when he has to decide whether to default on his Fortuner payments or to quit renting. Worst case scenario: bye bye Fortuner and bye bye roof. Kaya mo ba tumira sa kotse? This is why don't get people who buy big cars first before buying their own home. Marami kasi ganyan na katulad ni Mr. B. Mr. A on the other hand will have more breathing room on his Vios, being less expensive. Worst case scenario, if he does default on his Vios payments, he still has a roof on top of his head. A roof on top of your head is a basic need. A car is not.