On the other side of the argument... parents kids buy/contribute to newer cars so their kids can be safer... our cars with no ABS, no airbags = not as safe. And with the popularity of big heavy SUV's driven by midgets, drug dealers, pornstars, spoilt kids etc... I do see the value of my kids having something modern with added safety. maybe BMW is a bit fancy and out of budget though, late 90's would be fine.
But then there's the issue of
moral hazard - if the kiddies know their parents will buy them a nice new car, rather than having to save up for ages themselves, will they act more recklessly and not be as careful a driver as they might otherwise be? Safety is irrelevant if you never crash the car.
Insanity. Nice car, but, insanity.
You know, I could deal with the purchase price. If you keep the car for years, you're able to diffuse that cost over a long period, so it doesn't seem quite as bad. For me, it's the increased costs associated with the car's value - servicing, and particularly insurance, probably tyres, and then there's the cost of protecting that value etc. These costs are just more, regardless of how long you keep the car. This is the sort of thing that would stop me from putting money into the TRX, because I don't want to bear higher annual costs for the indefinite future.