Quote:
Originally Posted by Table 5
I personally hate the idea of cars as status symbols, and who you are should not be defined by your assets, but my life is all about moving the goal posts forward in small increments. Goals help to keep you motivated to work and move forward, and small moves are also a lot less daunting than big ones.
Relating that back to cars, it's kind of why I feel sorry for the kids who's parents bought them a BMW or Range Rover or whatever in high school. Talk about taking away all motivation to improve their situation in life.
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My first car was a '76 Ford Capri II - handed down from my dad when I was 16. I paid him $100/mo until paid off (about two years). Great car for a period in time when you didn't really say, "Great Car!"
I drive a 2004 Acura TSX now and haven't even considered getting a new car. It is perfectly fine at 215K km and I hope to get another couple of hundred thousand km out of it.
My wife's friend buys beaters off of Kijiji. When they die, she just buys another one. I may adopt that practice.