We are very lucky not to have a car loan as well. It's one of my pet hates, that kind of interest is wasted money. We only have one car and dh has a motorbike. I think he bought his for 5k and our car was 38k but that was pre baby when I was working and it was a huge dent in our savings. Pretty sure we will run this car into the ground as there is no chance for an upgrade in any near or distant future. But I love our car, it is safe, economical and a 4wd so it doubles as our holidays.