As it stands I don’t have any debts. I bought my first car for $10,500 2 years ago at 20 after a year of working.

However, I am interested in upgrading. It’s not a new car however it’s only 3 years old and so it’s $33,000. I have the ability to buy it outright but don’t wish to because then I will drain my savings. My plan is to trade my car (hopefully for 5K) pay 15K outright and finance the rest, being 13K. Though this will actually be less because I work for the company selling it so woo staff discount!! The repayments over 5 years will be $50 a week plus interest. Do you think this will at all effect me buying a house in a years time? Keep in mind I live in Tasmania, Australia and I know standards differ from place to place.