We're retired and have to rely on a fixed income and whatever our investments happen to pay that month so we look at cars differently.
We have a 2009 with 104,000 miles that we can't imagine parting with. We just keep a credit card with a fairly high limit in the car at all times. When we need it we'll use it and just pay it back off for the next time. You could do that or escrow a portion of what you would be paying for a newer one.
That being said, being retired we have no schedule, and 99.9% of the time don't have to be anywhere at any particular time. So we have the luxury of not being badly inconvenienced by a broken down car.