Cars are one of my top priorities in life So I have done loads of research on this. Yes you are correct, cars are super cheap. AUD2000-2500 is more than enough to get a decent ride that serves the purpose. Seen most of the people do settle down with a basic car initially, not very old for around AUD5000-6000 budget. And compared to the Sri Lankan car market the prices are way cheaper and if you owned a car in Sri Lanka you know what I mean. Apart of this, repairs look a bit expensive even the fixes are minor. Seen some friends spending a lot on mid aged cars.Aren't cars fairly cheap there, at least a one 4-5 years old, which is fairly affordable? Why take the burden of a loan?
I'd invest in a good house with 4 bedrooms and plenty of garden space.Must read for those who plan to buy house..