There is a previous discussion, but the individual situation is different so the advice could be different.
52 year old guy middle income owning a 2008 Sti purchased new in 2009 at $124,000. The COE was $12,901 at that time ... Last year, i "blew up" the engine [thats another story] at a cost of $22,000. So the entire block is new, rad, air con compressor .... I honestly don't think i can afford the same "kind" of car at todays prices and although i drive to work everyday, driving is a hobby to me rather than a necessity. So perhaps from an "approaching retirement" point of view, what do you guys think?