I buy the best car I can afford for cash and maintain it. Repayments on a $30,000 car work out at around $7500 a year for me. Until a car starts costing me big in repairs or breaking down repeatedly and inconveniencing me I just pay the money and keep it well maintained.

A $10,000 volvo that Ive had for 3 years has cost me $3k in assorted repairs. So $13000 vs $22500.