When it comes to cars, buyer’s remorse is the worst because there’s no return policy.

My first experience with buyer’s remorse was when I had purchased a new vehicle when I was 24 after receiving a lucky break. Within two months I regretted my decision.

A year and a half later, I sold the vehicle for a $10,000 loss because it couldn’t fit in the garage of the condo I wanted to buy. After realizing how much better it was to own an asset that could go up in value, I decided to stop wasting money on cars.

After driving an old $8,000 Land Rover from 2005 – 2014 and a $230/month business lease Honda Fit from 2014-2017, I finally stepped up and bought a two-year-old Range Rover Sport with 10,500 miles for $60,000 after tax. It would have cost $81,000 new after tax.

It’s been two years since I purchased the Range and I have zero regrets. The car runs perfectly and is fun to drive. I also like how it looks with 22″ rims, black tinted windows, black leather, and a metallic black exterior.

If you’re afraid of experiencing buyer’s remorse when purchasing a luxury vehicle, here are some tips that helped me eradicate all guilt.

One of my most financially helpful, but polarizing articles is The 1/10th Rule For Car Buying Everyone Must Follow. I wrote this post to help mostly younger folks not blow their money on the most common financial destroyer. We all know that almost all cars are guaranteed to lose value.

As a young man, I used to view my Toyota Corolla Hatchback as an asset because I didn’t know better. How could a car be a liability when I could take girls out on dates, drive to William & Mary from the DC-area to get a solid education, and take a nice midnight jaunt along the Jamestown river during final exams?

Now I view my vehicle as a liability. All I see in my garage is a large heap of metal necessary to transport my family safely. I’ve got to keep feeding it money in order for it to run – gas, new tires, maintenance, tax, tickets, accidents, and insurance. I’d much rather have the money sunk in my car producing passive income for financial freedom.

For those of you curious about what it’s like to follow the 1/10th Rule For Car Buying for the past 15 years, let me give you an honest assessment as an ex-car fanatic who has owned a dozen cars in his lifetime. The journey just might save you a lot of money and bring you more happiness in the process.

How sexy is this parking job? Love my Rhino

After analyzing the safest cars on the road and researching the best mid-life crisis cars to buy, I’ve finally come to a decision on what to get next. For almost three years, I’ve been driving a Honda Fit to weave my way around Bay Area traffic. The $235/month business lease is almost over, and it’s time to move on. I’m turning 40 this June, and gosh darn it, I think I deserve to drive something nicer!

Given I’ve spent my whole life being frugal, it’s been extremely hard to spend more than $20,000 on a car. It just feels dumb when my car will just sit in the garage for 23 hours a day on average. Further, cheap ride sharing options are everywhere. What used to cost $25 to go downtown via taxi from the western side of San Francisco now costs only $6 through Lyft line!

To help overcome my frugality, I asked three folks with nice vehicles to share their perspective. For those who are also suffering from frugality disease due to an intense desire to never have to work for anybody again, I think you’ll find this post to be incredibly insightful.