Buying A Car Before A House Site

Real estate generally appreciates (historically 6-9% annually), while cars depreciate rapidly, losing about 30% of their value in the first two years.

A house is an investment that builds equity; a car is often a "toy" or liability that consumes cash through maintenance, fuel, and insurance. Financial Impacts on Mortgage Approval buying a car before a house

Taking on a car loan shortly before applying for a mortgage is generally due to several critical factors: while cars depreciate rapidly