The car is a second hand Holden, we bought it at a good price at auction, it had low kms and an excellent service history.
For that price, I would certainly hope so!
I don't know comparative car prices in the US but a car for $3000 would most likely be crap.
It wouldn't impress your friends or stoke your ego, but you can certainly by safe, reliable used cars for $3,000. I don't know why Australia would be any different.
The car loan interest is slightly high in Australian terms
Is inflation out of control or something? That's a ridiculously high interest rate for a secured loan. Especially considering you listed off several unsecured
loans that are at 0% interest! You even have at least one credit card with a lower interest rate - why is the rate so high on the car loan?
The car is to transport my children and I won't compromise on their safety.
I don't mean to pick on you specifically, but it bothers me when I see people citing "safety" as justification/rationalization for overspending on vehicles. For one thing, this is exactly what the marketers want
you to think. They spend a great deal of advertising money convincing you that our roads are one mortal threat after another, and only the safety of 12 airbags, engineered crumple zones, and OnStar* can save you.
Of course, back in 2006, people drove around in perfectly safe Toyota Corollas. The fact that the 2012 model might have even more
safety features doesn't mean the 2006 model is suddenly a death trap. It's still perfectly safe. But someone has convinced you that only the newest and shiniest car can keep your family "safe."
Frankly, it's a load of crap.
5 years from now, some new father will be shopping for a car for his family, and he will reject your Holden as not being "safe" enough for his precious family. Yet you've been convinced that that exact same car is "safe" for your current family. What's the difference?
It's your money, spend it how you want. But you asked for input, and aside from the slightly concerning sheer quantity of debts you have, the one standout is the car loan, both in magnitude and interest rate (both of which are unnecessarily high, in my opinion).