Yes, I meant that. Buying a new car, at anytime, is a dumb thing to do from a financial standpoint. Buying one when young was even dumber. Consumer debt
(I paid cash for the car btw) is one of the biggest killers of wealth accumulation. Had I half a brain at that time I would've put the money into something with a better return, which would have been just about anything else. As I said, it was a weak moment considering my previous attitude about sacrifice and investment which is why I could buy the car outright in the first place. Fortunately I recovered fairly quickly from that mistake but it still cost me tens of thousands in lost investment.
Far be it from me to tell anyone how to spend their cash but when I see young guys pouring thousands into a car (or anything except education or family) I wonder if they really understand what a huge financial disservice they're doing to themselves and their financial future. Yeah, there's more to life than money but that's exactly why you need to pay close attention to where it goes, especially when first starting out.