Rule of thumb:
- A car is not an investment, it's an expense. Never purchase a car on a "payment plan", always purchase a car that you can afford to buy with the money you have.
Typically: you should purchase the type of vehicle that is most useful to you, the most reliable make and model that you can afford. If you are on a payment plan, when you are done the car is worth much less than you put into it. If you pay for it up front, at least the car is worth what you paid for it when you paid for it.
House - is an investment. When you purchase a house you basically replace your rent with a mortgage payment...except that you continually accrue equity (value of the house owned by you) as you make payments. IF you do not need a vehicle (if you can function well without), then certainly a house is the better choice. A house in general is about the best investment a person can make. Be aware of the expenses associated with buying a house. Maintenance (upkeep of the house and the yard). Property taxes. Increased utility bills in comparison to apartment living. The need for appliances that are typically included in an apartment but not in a house. etc.