ahhh...
Been gone from the interwebs and forum talking for sometime that Im rusty (in reading comprension).
And it shouldnt happen for quite awhile either. What @Drew Dowdell is suggesting is a great idea to save money for a down payment and monthly payments:
But since your current cars are in pretty good order and safe for the family to use without endangering them then Id hold off any car purchases for the near future (and in hoping for a as long as far future possible) unless the cars you have now need absolute replacement.
You said it...DEPRECIATING assets. And in a high inflationary world we both are living in, there is NO need to indulge in wants. Just for in needs.
Save your money for a rainy day.
Anectdote:
Just about a month ago give or take a week, Montreal experienced high rain fall. Torrential rains. All in 1 day. But it caused many many floods. Peoples houses were flooded and insurances were reluctant to pay out. They paid out $20 000 CDN to most claims. Folks that had more coverage did not get paid because insurances didnt want to pay them. They wanted to cap EVERYBODY at $20 000. Problem is, with high prices for everything such as building materials, replacement hardwares such as cabinets and TVs and tables and chairs and sofas and contractor labourers etc are sky high (inflation), the damages done to houses in 85% of cases EXCEEDED $80 000 CDN... Many horror stories on the news and the people I work with. Shyte out of luck... So...Im pretty sure that a not necessar expensive EV pick-up truck or Lincoln Navigator could wait. When its time to buy a vehicle because it would be necessary to change out any of the cars you use now, then you assess what it is you want and prefer vis-a-vis with what you are comfortable in parting with your money.
Anecdote #2:
Last year at this time, we bought my wife a 2024 brand new base Civic. Somebody rammed the rear passenger door of the Acura. So I was driving the Fusion. Until the elctric steering went out in it in January and I wasnt going to spend $5000 CDN reparing it. So we bought an Accord. The Accord was also new, but a 2023 model. The 2025s are out now. Go figure that I buy a car 4 months after my wife in Sept 2023 and she gets a 2024 model and in January of 2024 I get a 2023 model. Just to say that you,we, any of us, shouldnt be spending money on a whim.
I just got rid of the 2009 Mazda 3 today actually. Sold it to the scrap yard for 300 bucks. Too rusted out for my daughter to continue driving it.