Having a car is a necessity, rather than a luxury, for most Americans. Consequently, itâ¤™s no surprise that they include vehicles on their budget plans well into their retirement years. Some retirees, however, make the mistake of splurging on cars by justifying these expenses as their much-deserved reward after years of working hardâ¤”without considering the impact on their retirement funds. Spending a huge portion of oneâ¤™s savings on a new car may not be financially wise, especially if the nest egg isnâ¤™t that big to support a secure lifestyle in the first place.What purpose does a fancy new car serve if youâ¤™ll eventually run out of money for your everyday needs? Rather than allot the bulk of your retirement money toward high monthly car loan payments, you might want to look for quality Indianapolis used cars that are just as functional but are less costly alternatives.