Cars depreciate rapidly, and their only justification is what you get out of them during their short life.

Buy the car that meets your basic needs.
The rest is luxury - buy it only if you can afford it.

A growing number of individuals living and working in downtown cores are opting to dispense with a second car, or not to own a car at all. If you only use your car one or two days a week, and have easy access to a car rental outlet, renting is much cheaper. Even at an un-preferred rate of $50 per day, you could rent twice a week for $5,000 a year. Owning a car will likely cost you twice that, especially if you have to pay for a parking space.

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