Thanks for the comments. Yes I am 22 but I did way up the house or car senario and after a little bit of thought I opted for the car. I'm living for today and having some fun with my cash as I'm not sure what might happen in the future. My plan is probably keep the car for 2/3 years and then sell it and with the money I'll have saved from living at home buy a house then.
Plans for the car... I am possibly toying with the idea of a Stage 1 remap but voiding my warranty doesn't sound too good an idea to me! But apart from filling it up with petrol, I'm saving up for a house. I've got the biggest smile on my face, I'm super happy when I drive it and I have no regrets buying something which is constantly losing money.