<prompt> Human: I own a 1 year old car I financed for 36k. I bought it after my boss subtly dropped hints about the tax benefits of buying a new vehicle. I took his hint as Were paying you well. We dont want our director of sales driving a 10 year old car. Now Im looking at my payments for that car, along with a multitude of real world expenses after having another child and getting married. Im not hurting for cash but the money Im spending each month could go to saving for my kids college rather than a vehicle. I could probably save some money by selling my car and purchasing a 10k used car.I drive a lot for work, so Im depreciating the hell out of my car, and I dont receive compensation for that. So, did I read too much into my bosss comment a year ago? Is it ridiculous to think that new car is an unspoken job requirement, or would it cause issues if I cheapened my ride? On the other hand, Ive put about 9000 into the car already, and I know its been regularly serviced and has had no wrecks, so I know its a safe, reliable car for my family. Would it maybe be worth it to hold onto the car for another 9 years or so, past when Ive paid it off, and get as much value out of it that I can?What would you do?Thanks for the thoughts.  <response>: Whatever tax benefits you get for your new vehicle are negated by the higher costs of paying for and insuring said new vehicle, not to mention the steeper depreciation. If your boss really cares about you driving a nice car, he should buy a company car for his employees. 