I bought a BMW when I was in my late 20s. I was earning around 200k per year. Was paying like 2k a month as it was those sports bmw coupe.

Now in my early 30s, I make around 400k a year. I scrapped my car and kept life as frugal as possible. No more headaches for car maintenance, no more petrol charges, no more consumed time trying to find car park. I take bus and mrt to and fro destination and feel a lot happier and calmer.