ASK Buying a Car or Buying a Land

[Rena]

If you have a particular some of money that can afford a car and a land, which will you really get first? The land or the Car?

[Guest]

Buying both properties is not a bad idea, but getting either a Car or a landed property, I would rather purchase a land or a house because it's an asset, a car is liability as long as it's not been use for business.

Your car loses its value from the day of purchase but a land or a house add more values from the day you purchase it.

[vladex]

I think it is better to buy land rather than a car. Some money can be made on the land while a car consumes money.

[ketanc]

I would suggest you to buy Land but it should be in a good place which has a scope of development in the future, else you will lose all the money if the land is in an isolated area.

[alvina clair]

If you buy land it will benefit you because if you resale the land you can get profit from it, as rates of the land are increasing day to day. If you want to buy a car then take a car loan. I would suggest you invest the money in buying the land instead of buying the car.

[agbuyarashel]

Ofcourse it should be buying land. Cars depreciate while land does not. The price of land actually appreciates. If you want you can sell it out at a higher price or make a building and lease it.