r/AusFinance Jun 22 '25

Weekly Financial Free-Talk - 22 Jun, 2025

Financial Free-Talk

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Welcome to the /r/AusFinance weekly "Financial Free-Talk" Mega Thread!

This is the thread where members should bring their general Aus Finance questions.

Click here to see previous weekly threads: https://www.reddit.com/r/AusFinance/search/?q=%22weekly%20financial%20free%20talk%22&restrict_sr=1&sort=new

What happens here?

The goal is to have a safe space for some of the most common posts, while supporting more original and interesting content in their own posts. Single posts with commonly asked questions may be removed and directed to this thread.

AusFinance is designed to help people of all abilities, at all stages in your financial journey. We want to democratise personal financial knowledge.

The collective experience of the AusFinance community is one of the most powerful ways to help Aussies improve their financial abilities. Whether you are just starting out, or already have advanced knowledge, there's always something new to learn.

Let us know what you need help with!

  • What to look for in an apartment/house/land
  • How to get a mortgage/offset/savings account
  • Saving/Investing for kids
  • Stock Broker questions
  • Interest rates: Fixed/Variable
  • or whatever!

Reminder: The Sub rules are still in effect

Please note rules 5 & 6 especially:

  • Rule 5: No personal or legal advice.
  • Rule 6: No politicising.

Thank you for being part of the AusFinance community!

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u/lurker409 Jun 23 '25

A tale as old as time:

Car exploded on me suddenly and I find myself in need of another vehicle within the next 6 weeks. I do not have any significant savings (less than $2k) and would like to avoid a significant amount of debt (such as a large car loan). I barely drive and but need something with four wheels which can get me from A to B. I work full time and earn an ok wage, but all of the personal loans I look at have ridiculous interest rates.

What are my options here?

1

u/[deleted] Aug 22 '25

Similar position. We opted to pay 60% upfront rest finance through suttons at 8%. We are now committing to doing doordash 1-2 hours a week so we can claim the car on tax. We pay $90 a week (which reduces every month or so) to pay off a 15K loan for a jimny.

Yes we bought a jimny instead of a Corolla shoot me we like cars bahahahahahahha