Cars are a depreciating asset

[George Cantstandya]

I agree with most others here. I could afford a new luxury car. Instead I drive a 3 year old car I bought with low miles on it. I let someone else pay for the bulk of depreciation on that car when they bought it new and drove it for a few years. I prefer to spend my money on traveling and other life experiences instead. I've been driving for a long time but most of my memories of time spent actually driving are rather mundane. However I have tons of great memories from trips I have taken around the globe, friends I have made along the way and experiences that don't include sitting behind the wheel of a car.