A friend of mine makes $150k+ annually, by himself. His savings rate is 50%+ of after tax income. He lives alone, smack in the middle of a HCOL area. He has a very high discretionary income.
Aforementioned friend has an '03 Ford Ranger Pickup with a manual transmission. It's got 167k miles, doesn't have door locks (was broken into more than once), has a rebuilt title, and otherwise is just a very basic rather ugly car. It's not worth much, and just recently the clutch went out, and he'll likely have it towed to a shop. Some of his friends tell him to buy a new car, he laughs at them. For reference, similar vehicles can be purchased for about $3-5k depending on mileage/heritage.
A group of 5 of us (friend included) communicate via a group text message, to help him with his mechanical issues, as he's self-admittedly very non-mechanically inclined.
We asked him, what's your threshold for repair cost versus just dumping the pickup? He says, "I want to hit 250k miles, so I figure, probably $2000. If it's more than that, I might consider a new-to-me car, but even then, I might just repair it. I don't need a new car."
He paid $6500 for the car, 10 years ago, and has driven it 120k miles so far. This guy could easily purchase any new car he wanted to, but won't. FUCK YEA!