Honestly, sometimes you just need an auto loan to get out of the “stuck in an unreliable shitbox that leaves me stranded at random every other week and the AC doesn’t work and it looks like shit and fuck this I want something nicer” hole.
I bought a nice new (ish) car about 8 years ago, and 350,000km later, it’s still nice, still reliable, and I still enjoy driving it. Hell, it got me out of the shitty little town I was stuck living in, because I could finally trust my vehicle to go further than an hour from home (being Australian, leaving for any interstate city is at the very least an 8 hour drive, unless you live in Perth, then it becomes a 30 hour drive.) I don’t regret getting a car loan for even a second.
In saying that… I’d never go for another loan unless I absolutely had to. I’ll drive this car into the ground before I get another one.
True, I guess I’m speaking from the perspective of someone who genuinely loves cars.
An older Camry or something just wouldn’t do it for me, but I’m lucky in that Australia used to make pretty reliable cars (modern post-'09 Falcons are unkillable, and get great mileage on the highway - 800-1000km per tank out of mine) and which also have plenty of power and comfort. Not the most technically advanced cars, but I actually can’t stand the modern obsession with car tech anyway, and feel that '08-'13 era really offers all I need.