by 
The Curious Bag
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<h4 class="dechead">On One Hand: Spend as Little as Possible
Use your savings to buy a used car. A car is a depreciating asset and will only cost you money. Do not get a car loan, if at all possible. That just increases the expense of the automobile. Extra features that are not necessary for your comfort are not needed either. Buy the smallest car with the least features to meet you transportation needs.
On the Other: Spend What You Can Afford
If you spend a large amount of time commuting, you should be comfortable. While you should not break your budget, purchasing a car with a car loan is fine as long as you can afford the payment. Additionally, purchasing a new car should limit your repair expenses in the short term.
Bottom Line
Budget for a new (or new-to-you) car, and spend what you can afford. If you can cut back in other areas to buy a newer or nicer car that provides you and your family with comfort, especially on long rides, go for it. Still, be wise about your purchase because an automobile is a depreciating asset.
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