Hi Akarsh, fifty claps for this gold advice!
From now on, I can use this as a guidelines whenever I want to buy something cost high.
And if I may add, I would prefer buying something for its function (need) rather than style (want).
For example, I wouldn't mind buy a 20 years old car as long as it's a reliable brand such as BMW or Mercy.
Whatever liabilities you buy brand now today will get old anyway, and the value will drop as high as your regret!
Great writing and thanks for sharing!