What to buy, a new car or furnish a new house?

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We are buying a house and we can afford an extra monthly payment. We want to buy a new car but we also want to buy new things for the house. So should i buy a brand new car or should i buy new couches, tv, bedroom set, paint, plants etc with a credit card? Both interest rates should be low due to our credit. But we can only choose to have one. We already have 2 older but decent vehicles and we have old ugly furniture so which would you get a new car or furnish the house?

  1. Reply
    Greg S
    July 17, 2011 at 8:08 pm

    Why not use this opportunity to start investing instead, then you can use the money you make from your investments to pay for your luxuries, that’s how the rich do it, and you are in a position to do it too!!

  2. Reply
    July 17, 2011 at 8:46 pm

    According to my mind i always prefer to purchase new house luxury then to purchase a new car.

  3. Reply
    July 17, 2011 at 9:20 pm

    Honestly, you shouldn’t buy anything until you can afford to pay for it with cash. Especially if this country heads into a recession. In any case, I’d go for the furniture.

  4. Reply
    July 17, 2011 at 9:35 pm

    Me personally I would buy things to go in my house. If you have cars that run then there really isn’t a reason for you to go by another one. By things that you need, instead of the things that you want. Hope this helps!

  5. Reply
    July 17, 2011 at 10:03 pm

    You need to buy the book Total Money Makeover by Dave Ramsey and learn that the way you are really going to get ahead is to stop going into debt for new cars and furnture. Save up until you can pay cash!

  6. Reply
    from me to you
    July 17, 2011 at 10:16 pm

    But the furniture, but don’t use a credit card unless you can pay it off in full when the bill comes due. If you can’t pay it off, then just buy a little at a time with cash. With a new house, it’s always better to buy furniture slowly anyway until you get a feel for what will work in the house.

  7. Reply
    Cody C
    July 17, 2011 at 10:18 pm

    Since you have the furniture I would go buy a new car. Then sell one of the others and use that money to buy furniture. Also, it is best to finance furniture through the store. Most offer deferred payments and/or interest free for 12-18 months. I would not put it on any credit card especially because the interest will most likely be lower at the store rather than the Credit card company. Also, with credit cards, just like insurance company’s, they can run your fico score at anytime and if it has dropped, they can and will increase your rate.

  8. Reply
    s and d e
    July 17, 2011 at 11:12 pm

    if your cars run, why would you go in debt to buy new ones? if it were me, i’d put that money in the bank and pay cash for the furniture. i detest debt

  9. Reply
    robert w
    July 18, 2011 at 12:03 am

    Sorry I will get to visit u soon.
    YOU should buy NOTHING until u have a budget, 1000$ emergency funds, 5-9 months of operating money save for ur next lay off.
    keep ur cash cars , do not waste money in a losing purchase (car)
    buy furniture on CASH only purchases as u have cash not credit slave cards.
    if this is busting ur bubbles/dreams, it is not worse than foreclosures because u r upto ur hairlines in debt.
    visit dave ramsey.com to learn ur hard lessons from others bigger mistakes.
    it is cheaper easier faster cleaner less emotional pain.

  10. Reply
    July 18, 2011 at 12:37 am

    Sounlds like you have already decided. If your cars are reliabe for you both to get to work to pay for these things go for the furniture. No matter what you do it will be out dated in 10 years.

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