Is it time to splurge on a new car?

We normally buy new and drive them until they die. However, our 1992 Honda Accord refuses to die and still looks and drives well. I broke our rule and bought DW a new Honda Accord. She deserves it.

Daughter's 1997 Ford Escort finally wore out and she bought her 1st new car 2 weeks ago. A 2012 Malibu LT (mid range model) for $14,400 out the door with tax and license. She received $1,800 trade in from her Escort.
 
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