New Car: To Buy or Not to Buy

Pros (not necessarily in order of importance)
- New Car Smell
- New Shiny Thing to lust over (at least for a while)
- Active & Passive Safety systems
- Can have as spare vehicle in times of need.
- uh..
- umm..
- eh?

Cons:
- Get indebted to bank for at least 5-7 years
- new car within budget is not any more different than my current car in size and performance
- have to take care of car constantly and worry about it all the time (e.g. can't just park anywhere)
- can't drive it like no tomorrow - must baby it lovingly
- can't fly over speed bumps - have to slow down and crawl over bump like Grandpa
- can't park in tight spots for fear some moron will crash into it
- 2009 uncertainty looming over the horizon
- world might run out of oil tomorrow, and combustion engines will be obsolete
- teleportation is the future, cars no longer needed
- there are other worthwhile investments, like a yacht, for example.

So what do you think? Please help me decide something I probably already decided on..