<prompt> Human: My wife and I are looking at buying a new or used car. Im curious what additional considerations we should take and any concerns you have with our finances. Were interested in the new Accords and plan on keeping it for at least the next ten years or more. MSRP is about 23k.Our finances are: No CC debt- Own both of our current cars outright- Have a mortgage on our home but are paying off extra each month- 60k in savings- 15k in stocks- Contributing to our 401ks and both have Roth IRAs and are contributing to them as well.- Considering trading in my current car, trade in value is 14k.If we buy a new car we plan on paying cash for it, so it would be about a 10k hit on our savings at this point. Or we could finance, but to be honest I just HATE having a car payment...  <response>: Can you afford a new car? Well, you have the money to buy it, so yes.Were I in this position, I would be asking myself if a new car would improve my quality of life more than having 10,000 saved for something else does. Is there anything wrong with your current car? Its probably a decent car if the trade value is still 14k. For me, money in the bank buys peace of mind and gets me closer to financial independence I want to retire early so I save as much as possible.If having the new car is worth more than having 10,000 in your savings account, then buy the car. Otherwise, dont. 