I buy them new and drive them till they are dead...
I buy them dead and make them new.
Personally, I know NO ONE who has ever blown the extra 30-40 grand and can sport the same statement...with two exceptions:
Business, and those with too much money (and ego).
And the lie of that statement is those who regretted it later.
That stated, I concede it’s a class thing. But even IF I had the cash, I wouldn’t drive around advertising it in a shiny new vehicle (though there are PLENTY of examples of it in my area as well).
‘Different strokes’
That strategy works for me. That way you know where it’s been and what’s been done to it. Along the way, you do your own repairs to it and learn a few things.