Loans have always scared me

I had a cheap crappy car as my first car.

Then saved up 20k and got a "nearly new" Subaru Liberty at the time when I was 20 or so.

Great car, never broke, nice to drive suited me perfectly at the time.

Will never spend that money on a car again - 10k is now my max and I've had two nicer cars since then both for under 10k. (GS300 and Caldina) I do think of myself as a semi-enthusiast, and not a cheap-ass that wants a Yaris because of no interest whatsoever.

Unless I'm swimming in money one day soon and can afford to burn it, throw it away, use it to see the direction the wind is blowing and decide to get something silly - I personally can't justify it spending more, and especially not a loan for one either.

But that's just me.

/r/AusFinance Thread