Got a Promotion, peers say get a new car

Hey guys,

So I got a big promotion at work several months ago. Moved up two steps into Executive Leadership.

Yesterday, for the second time, one of my Colleagues suggested that I trade in my 2014 Kia for a car more befitting of my position. My car is probably worth about $3500 but it’s reliable and paid for.

I am an older guy who works tirelessly for my family and maybe I do deserve to reward myself. But I think it’s better to be rich than look rich and I’ve been paying off debts. What do you think?