Very hard to answer that. There is a wide range from “selling it and only move with public transport” to “if you can afford it, why not? There are more stupid investments” (yes, there are). But I can fully understand all views on this topic.
The most important question for me is: how often do I have to do the services? With a Toyota or other Asian-based companies, these costs are incredibly low. With Range Rover I have absolut zero idea.
I personally decided to lease a Cupra Ateca and - with high probability - I will completely take over the car once the leasing expires. Over 4 years, I will pay CHF 2k in total on top not to invest a bigger amount from the beginning. Taking into account the return I make in these 4y with the invested capital which I did not had to take out the car and without taxes, I even made a small surplus.
Since the leasing interest rates increased heavily thanks due SNB, I will not get another leasing. Instead, I am planning to reduce the insurances and drive it for another 10 years. Let’s see, if everything is working the way I hope for Especially with all the electronic components etc.
Are there better alternatives? For sure. But I am staying with 300 PS and 400nm and I love it.
I am not willing to sacrifice everything for the sake of more savings or a bit more return, I want to enjoy life. Doesnt mean, that I have 10 streaming accounts, most expensive mobile and home internet subsription and only eat the most expensive stuff.
Just prioritize, what is most important for you. Maybe there are other components, you can improve (z.B. credit cards and bank subscriptions, energy consumption at home, insurances (health, home, legal protection), holidays, eating/drinking, etc.).