Yup.
A car is part of the family. In that you need to treat it with love and respect, and you'll have to pay for check-ups and the odd hospital bill.
Resale value
is a consideration, but it should not be your only consideration. Every time you buy a car, you already lose 30% of its value up front. You want to get 80% or more of your money back? sell the car within the first year. But then, you've blown 300-400k pesos just to own a car for one year!
Better to keep it and stick with it till the wheels fall off. It'll cost a lot to maintain near the end (after 10 years), but it'll still be cheaper than buying a new car.
