New stuff is nice, but it’s often not the best investment. Take cars. Estimates vary, but some experts say a new vehicle loses 30% of its value within the first two years — including an immediate drop as soon as you drive off the dealer’s lot. According to Kelley Blue Book, the average vehicle is worth 44% less after five years. Read more at http://www.kiplinger.com/slideshow/saving/T007-S001-10-reasons-you-ll-never-be-rich/index.html?cid=32#lDwVcWdRedRKmi04.99
There is nothing wrong with having a safe reliable car but this can be done in a cost efficient manner. Imagine if these funds were invested instead of spent on a depreciating asset. Something to think about.