It may be great advise, but only for those who need to follow it for pure budgetary reasons.
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Unless you are loaded to the limit with money, it is still a matter of priorities, I have known some very well off people who simply hate to spend a lot on a vehicle, they look at it as simply a way to get from point A to point B. Of course some people consider the journey the whole point, as soon as they reach a destination they are eager to go somewhere else.
True, and their dislike of spending money on cars is a major contributor to why they are rich. Cars are not an investment, certainly. New cars should be purchased out of an entertainment budget, rather than viewed as a neccessty.
I think I was just attempting to throw a little balance into the discussion, only b/c when the subject of frugality comes up, people try to outdo each other on how much they live like a pauper.
I’d hate to die with five million dollars in the bank, with my last drive taking place in a 15 year old car, on the way to the mechanic for the upteenth time.