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  1. #11
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    I don't have my car for a status symbol. Safety is important for me too. I choose a very safe make of car that is very reliable. I would not buy a car that didn't have 5 star ancap rating. Whilst I don't buy brand new cars, I don't want one that's over 8 years old.

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    Bennos Mummy  (06-05-2014),Cheese Please  (06-05-2014),Chippa  (06-05-2014),dee1  (05-05-2014),grooviechic35  (05-05-2014),IvyRain  (05-05-2014),kezanazz  (06-05-2014),Lillynix  (07-05-2014),Nomia  (11-05-2014),peanutmonkey  (06-05-2014),Pusheen The Cat  (05-05-2014),smallpotatoes  (05-05-2014)

  3. #12
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    Our car loan is 55k.

    Brand new and tax deductible as hubby is a plumber. Its about $220pw :/

    Sent from my GT-I9195T using The Bub Hub mobile app

  4. #13
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    Ours is salary packaged and the car itself was $32 000. I won't list how much we pay per week because there is a pre and post tax component and includes all the stuff packaged. We will have paid it off after 3 years

    It's our only real debt.

  5. #14
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    We don't do car loans either. Dh insists on paying for it with cash. He used to have an expensive car (30K) but now we have a 2007 oddessey and an 2011 I30

    I'm with BRV- cars need to be safe and affordable.

    wifey of hubby who is always away. mother of two girls who are always amusing.

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    sky1  (05-05-2014)

  7. #15
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    bunkx is offline Being happy doesn't mean that everything is perfect. It means that you've decided to look beyond the imperfections
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    Quote Originally Posted by crankyoldcow View Post
    What was your original loan (if you don't mind me asking?). Reason being I may need to borrow money to buy a new car soon and want to get an idea of repayments. My old Tarago is starting to have all sorts of problems and the parts are getting harder and harder to source. I have some money saved but will need to borrow the balance.
    It was $ 10760 for the car
    All up we paid $14723

    Our interest rate was 11.85%
    Last edited by bunkx; 05-05-2014 at 19:45.

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    HappyBovinexx  (05-05-2014)

  9. #16
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    I have never had a car loan. My current car I bought new and paid cash for in 2009. Dh has a company car.

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    LoCo  (10-05-2014)

  11. #17
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    Original loan for $92,000 over 5 years.
    Repayment about $470 a week.
    Coming up on 3 years and there is about $7k to go.

    We don't have a mortgage, earn decent incomes between us and have no other real commitments (eg no credit cards) so the size of the loan wasn't a factor to us and was easily approved in just hubbys name.
    Last edited by nirok; 05-05-2014 at 22:44.

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  13. #18
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    Ours was 30,000 over 5yrs.
    We are up to 3yrs, with 2 to go (about $13,000). Our repayments are $350 fortnight ($700 a month). We also have a mortgage and another car loan.

  14. #19
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    I got a new car last year for $55000, repayments were $250 a week over 5 years. I have just recently paid the loan out in full though as I thought it was a waste to be paying all that interest when I had the money there to cover the loan.

  15. #20
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    We constantly have a car loan - it's just how we roll lol! We turn our cars over every 3-5 years - like others, it's not about a 'status symbol', it is about having the latest safety technology ( ie my six month old car has reverse camra's, blind spot warnings, an auto brake sensing/anto collision tecnology and more airbags than i can count!) and ensuring that I have full confidence in my car's reliability and performance etc. We do reasonably high km's, which is another reason we tend to turn them over. We make decisions to have finance based on our disposable income and feel very comfortable with these levels. There have also been some great finance deals over the last 18 or so month (I think Toyota currently have a 1% finance deal) so it's not always the 'waste of money' that a lot of people automatically assume.
    Last edited by Juzz; 06-05-2014 at 02:08.

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