This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
At What Point Should You Buy A New Car?
Should we make a purchase because we can? Ultimately, you got to make the decision. But I love how Rob Dyrdek says; he never makes a purchase that compromises his financial comfortability.
He always ensures that the purchase will work for his long-term and short-term budget. He never wants to lose mental peace for a materialistic item such as a home or car, which is admirable – especially since he’s a mega-millionaire (or maybe he’s already a billionaire – who really knows).
For those thinking about financing a car or purchasing one with cash, you need to ask yourself: Will this purchase compromise my peace of mind?
Peace of mind feels much better than having a large home or fancy/brand new car; they look nice, but do they feel as nice in the long run after the newness fades away?
Here are all the reasons you might want to get a new car:
The maintenance is expensive.
The car no longer functions well.
Your car makes constant weird noises.
You fear driving the vehicle long distances.
You fear driving the vehicle short distances.
The car is dented up, ugly, old, and missing paint.
You don’t know if you’ll need a tow in the middle of your trip.
And the list goes on and on. Okay, I’ll admit, I can check a few of these boxes, but in my defense, my car gives me more rewards than problems, and I genuinely love it (it’s hard to let go).
Other things to ask yourself before jumping the gun and buying a new car:
Will I have to stay at this job?
Will my savings goals be compromised?
Will I need multiple income sources to cover this?
Will I have to park far away from everyone because I can’t afford to fix a scratch or dent?
What Else Matters Outside Of Mental Peace?
Ummmmm……cash reserves and your net worth. A purchase won’t always affect your mental peace, but it might affect your net worth.
Do you want to see a dent in your net worth, or can you withstand it? Will the purchase impact the time you need to continue saving and investing to reach your financial goals?
If everything aligns well, then maybe it’s time to finally get a new car because that piece of junk just doesn’t fit your vibe anymore.
My mother always says to practice balance. You got to save some, but you also got to spend some. Live just a little bit.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.