<prompt> Human: Hi guys.I need to buy a new car and for the last 3 years or so I would just buy a beater for 1000 outright when I needed a new one. I decided to buy something modern at the price of 6000 euros and I will get a loan for 4500 of that.I earn 35000 euro a year and I am usually comfortable. My question is is 4500 a lot to take out or should I save for a year or so and pay it outright. Am I digging too much of a hole for myself? I have mortgage repayments of 500 a month too Thanks for the advice. Assistant: What do you make after taxes?Human: Probably about 610 euro a week after taxes. Over 3 years I am paying back 28 euro per week on 4500 loan at 8.9 per cent interest  <response>: 8.9 per cent interestSo the answer would be bad idea. 