I agree that people spend too much on cars given their financial ability. For me, I drove beater cars for years and always liked BMW since I was a kid for their sporty design and fun engineering. Not for status. Now I enjoy the solid build and handling and keep it running. New BMW not worth the expense. Of course, I could buy a Yaris for 12k but its a tin can on wheels and if some fool hit me, I would end up in a casket. My car is paid off and all major service up to date. Now saving for home and waiting for downturn.