That's been my philosophy for decades. No interest on a loan when bought for cash, and insurance is less. Recently retired an '86 Ranger. The new-to-me Mazda Tribute (ie;Ford Escape) is less than half as old being an '05. It's everything I need to haul grandkids around in the comfort I never had. I'm really enjoying having heat, and won't know how to act with AC next year.