Some folks might accuse me of "just being cheap", however, due to my Scotch ancestry, I prefer the description of being frugal.
Example: I drive a vehicle until it drops, and has almost no value other than "junkyard price".
However, I insist that anything I drive must be safe and dependable. I spare no expense on these two features.
My wife had been driving a 2003 Jeep ...fully loaded top of the line...and it was a beauty...but, it had a problem of breaking down. So, finally, in December, she went out and bought a new Ford Edge. (Which she loves).
The Varmit (our daughter) drove a 2000 Dodge Intrepid (which was handed down from her Momma when she got her Jeep) two years in High School, 4 years of College, and a year after graduation from Nursing School. She ,too, got the "new car bug" and purchased a 2007 Ford Explorer pickup with all the bells and whistles.
The 2000 Dodge Intrepid (175,000 miles) is in great shape, great tires, new air conditioner and well maintained...but, the dealership offered only $350 trade-in value! Momma was about to agree to that...until I stepped in and put the skids to that nonsense.
My vehicle is a 2000 Chevy S-10 4 wheel drive...in great shape and has 165,000 miles on it. I love it because I can take it down to the farm and go anywhere I want to go.
So, I now have two vehicles ( totally paid for), and I have the luxury of having a spare vehicle if I need it. The only thing that I didn't like about the truck is that only two people can ride in it. Now, I have the option of more room for other passengers.
Since I use the vehicles for our business, I let our company pay for maintenance, gas, and repairs. Thus, I'm able to sock away about $1,000 monthly in a "rainy day fund" for emergencies, or to buy something newer later on....and not be bothered by high payments.
I got over that " car ego thing " many years ago( and yep...I was still single then) when I sold my 1965 Corvette Convertible. That sale helped out nicely toward my first house downpayment!