Problem is new cars still rust out fast in the rust belt. I seen trucks less than 5 years old with swiss cheese rockers and fenders in my area. Dealerships don't work for cheap either, sometimes they can't even do repairs until the OEM engineers develop software patches and release them to the service depts. Newness is fleeting, new cars age into being old much faster than most want to accept.Yeah I used to think like that too. Eventually old rust buckets lose their glamor when you're depending on them to get you to work reliably. When I wake up for work at 4am on a Monday morning and it's snowing, I just want to get in, turn the key and go.
The issue with debt is the risk, its a money lever. When things are going good it can enhance your finances like a lever giving you a mechanical advantage, however, if things suddenly turn bad it will lever your financial woes even worse. Debt is a real double edge sword so you need to be very careful how much you take on.